The Inland Revenue Board of Malaysia (IRBM) continues its gradual implementation of mandatory e-invoicing as it approaches the second phase of its roll-out. The first phase, launched in August 2024, mandated e-invoicing for select businesses, and now the IRBM is preparing to expand requirements from companies with annual turnovers between RM 25 million (approx. EUR 5 million) and RM 100 million (approx. EUR 20 million) as of 1 January 2025.
The scope and format of mandatory e-invoices
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