The government of Malaysia, through the Inland Revenue Board of Malaysia (IRBM), has announced a nationwide e-invoicing mandate that will apply to all types of transactions (B2G, B2B, and B2C) with a phased rollout approach:
- August 1, 2024: mandatory for companies exceeding RM 100 million annual turnover (~20M€)
- January 1, 2025: mandatory for companies exceeding RM 25 million annual turnover (~5M€)
- July 1, 2025: mandatory for all companies
Given the short timeframe for companies to adapt to the e-invoicing mandate—less than 18 months from the announcement at the beginning of 2023 to the official start in just a few days (August 1)—the IRBM has announced a six-month grace period that will apply to all taxpayer groups in the rollout.
During this time, taxpayers will be exempt from penalties for not fully complying with the e-invoicing mandate. Instead, they must issue consolidated e-invoices each month, as outlined in the official guidelines:
“To assist Suppliers in complying with e-Invoice requirements and to reduce the burden on both Suppliers and Buyers, the IRBM allows Suppliers to consolidate transactions with Buyers […] into a consolidated e-Invoice on a monthly basis.”
Initially, this consolidation was allowed only if the buyer did not require an e-invoice. However, during the grace period, Suppliers are permitted to submit consolidated e-invoices even when buyers request individual e-invoices.
Grace period official announcement: Direct link
