Malaysia’s Inland Revenue Board on 19 July 2024 issued updated FAQs and Guidance on the country’s forthcoming B2B e-Invoicing system.
The e-invoicing system will operate through a Continuous Transaction Control (CTC) model, which requires pre-authorization by the Inland Revenue before invoices are actually sent to customers. Taxpayers will need to use the Inland Revenue’s MyInvois platform and adhere to technical requirements as specified in the Revenue’s e-Invoice Software Development Kit m…