Implementation of e-invoicing

In early March 2023, during the National Taxation Seminar, The Inland Revenue Board of Malaysia (“IRB”) shared a proposed timeline for the introduction and gradual implementation of electronic invoicing in Malaysia.

Timeline

The implementation would commence in 2023 for selected companies, and be gradually rolled out to other businesses based on their annual sales, with all businesses being required to adopt e-invoicing by January 2027.

The recent Federal Budget which has been re-tabled in February 2023, does not contain any details about the rollout of e-invoicing. However, during the National Taxation Seminar, IRB shared the e-invoicing implementation timeline as follows:

2023	June 2024	January 2025	January 2026	January 2027
Preparation of infrastructure for pilot projects with selected companies and/or companies joining on a voluntary basis	Mandatory implementation for businesses with an annual revenue in excess of RM 100 million	Mandatory implementation for businesses with an annual revenue in excess of RM 50 million	Mandatory implementation for businesses with an annual revenue in excess of RM 25 million	Mandatory implementation for all businesses
	Implementation on a voluntary basis from January 2024 onwards for businesses not falling within the above thresholds

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