With the issuance of the 2023 Pre-Budget statement by the Ministry of Finance, Malaysia joins a growing list of countries that are digitalizing their tax administrations by switching to e-invoicing. According to the statement, e-invoices are viewed as the main strategy to improve the country’s tax revenue and its digital services infrastructure.
No timelines are provided for the implementation. The statement mainly outlines the direction Malaysia is taking from 2023 and onwards. The…