On 3 October 2024, the Malaysia Revenue Board (LHDN) issued Version 4.0 of its e-invoice Guidelines.
On August 1, 2024, Malaysia introduced its mandatory e-invoicing regime for B2B, B2C, and B2G transactions. This began with a soft launch, allowing taxpayers the option to report monthly consolidated e-invoices. The e-invoices, formatted in UBL 2.1, must be submitted to the LHDN through the MyInvois portal in XML format or via direct API connection for JSON format.
The implementation schedule for the mandatory pre-clearance e-invoicing is as follows:
- August 1, 2024: Taxpayers with annual turnover exceeding MYR 100 million (~$21 million) must comply (affecting approximately 5,000 taxpayers).
- January 1, 2025: Taxpayers with annual turnover between MYR 25 million (~$5 million) and MYR 100 million.
- February 1, 2025: End of the six-month soft landing phase for large taxpayers from the August 2024 wave.
- July 1, 2025: The e-invoicing mandate extends to all remaining taxpayers.
Businesses with annual sales under RM 150,000 are exempt from this mandate.
Is your business ready for e-invoicing?
Here's a checklist from Marmin designed to guide you through key areas of e-invoicing readiness, from legal compliance to system integration and security. Once you've completed the checklist, I encourage you to connect with a Marmin expert to discuss how we can address your specific challenges and implement a solution tailored to your needs.
About Marmin
Marmin Technologies, a leader in e-invoicing and compliance solutions, is now operating in Malaysia as Marmin Technologies Sdn. Bhd. After achieving success in the Middle East, particularly Saudi Arabia, Marmin brings its government-compliant e-invoicing systems to support Malaysia's digital transformation. Trusted by global brands like Lenovo, Hitachi Veritas, Palo Alto Networks and Ethiopian Airlines, Marmin delivers reliable, secure solutions while building long-term relationships with local businesses, enhancing regulatory compliance and operational efficiency.
Want to know more about Marmin's e-Invoicing, reach out to us at my.support@marmin.ai
