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Malaysia e-invoicing 2023

Phased introduction based on Italian SdI live electronic invoicing

Malaysia is to become the latest country to introduce mandatory electronic invoicing for Sales and Services Taxes from sometime in 2023.  It will be a phased introduction, and likely to reflect the Italian SdI model according to the Inland Revenue Board of Malaysia.

In its latest 2023 Pre-Budget Statement , the Ministry of Finance stated it was looking to adopt e-invoicing to boost revenues and squeeze unreported transactions. This is part of a broader digitisation of tax administration.

E-invoicing has been permitted in Malaysian since 2015. Both parties, the vendor and customer, must be in agreement.  Electronic invoices should be retained for at least seven years.

VATCalc’s international live VAT invoice transaction and e-invoice tracker on real-time transaction-based tax reporting lists all the countries imposing transaction-based reporting.

Malaysia had introduced a full VAT regime – termed Sales and Services Taxes – between 2015 and 2018. But it returned to the old sales tax, Goods and Services Taxes. It is likely that Malaysian GST will return.

Asia Pacific e-invoicing

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