The Inland Revenue Board of Malaysia (IRBM) has published updated guidelines dated 28 October 2023 on the new electronic invoicing (e-invoicing) requirements, E-Invoice Guideline (Version 2.1). The update includes various changes to the guide including a revised implementation timeline. Previously to be implemented in four phases beginning June 2024 and completing in 2027, e-invoicing will now be mandatory for taxpayers in a shorter timeline as follows:
- 1 August 2024 - Taxpayers with an ann…