New timeline for implementing Malaysia E-invoicing & E-invoicing process

Malaysia’s e-invoicing implementation pushed forward

The phased rollout of e-invoicing in Malaysia will affect businesses at different times based on their annual turnover:

• 1 August 2024: Taxpayers with an annual turnover or revenue of more than RM100 million
• 1 January 2025: Taxpayers with an annual turnover or revenue of more than RM25 million and up to RM100 million
• 1 July 2025: All other taxpayers

Malaysia’s e-invoicing Model

Businesses have the flexibility to choose the most suitable mechanism for transmitting e-Invoices to the Inland Revenue Board of Malaysia (IRBM), based on their requirements. Esker, a leading provider of document automation solutions, offers support in this process.

Taxpayers have two options to select from for the transmission of e-Invoices:

• Manual Submission via MyInvois Portal: Businesses can manually submit their invoices through the user-friendly MyInvois portal provided by the IRBM.
• Automatic Submission via API in XML or JSON Format: For a more streamlined process, businesses can choose to submit invoices automatically via API in XML or JSON format. This approach enhances efficiency and reduces manual intervention.

The figure below illustrates an overview of the e-Invoice workflow, starting from the point of a sale or transaction, where the supplier issues an e-Invoice through either the MyInvois Portal or API. The workflow continues until the validated e-Invoices are stored in IRBM's database, allowing taxpayers to access and view their historical e-Invoices.

Image taken from: https://www.hasil.gov.my/en/e-invoice/overview-of-the-e-invoice-model/

Achieve Compliance Effortlessly with Esker's Solution:

Esker offers a hassle-free solution to help organisations in Malaysia adapt and comply with the technical and legal requirements of electronic invoicing. Our solution is specifically designed to seamlessly integrate with your existing finance systems, enabling you to send and receive electronic documents from all your business partners without disrupting your internal operations.

Leveraging our expertise in electronic document management and automation solutions, we specialise in making your transition to e-invoicing smooth and efficient. As an appointed PEPPOL Access Point, our solution aligns with compliance standards. Our team will guide you through the entire implementation journey, ensuring minimal disruption to your operations while maximising the benefits of electronic document exchange.

Are you interested in learning more about how Esker can support your e-invoicing compliance needs? Contact us today, and our experts will be delighted to assist you.