Malaysia Issues Latest Updates To Its E-invoice Guidelines

On 4 October 2024, the Inland Revenue Board of Malaysia updated the previously published e-invoice Guideline version 4.0. and the e-invoice Specific Guideline version 3.1. addressing the exemptions from e-invoice implementation.

The list of taxable persons exempted from issuing e-invoices (including self-billed e-invoices) was updated as follows:

• Foreign diplomatic office.

• Individuals who are not conducting business.

• Statutory body, statutory authority and local authority, concerning the following:

– collection of payment, fee, charge, statutory levy, summon, compound and penalty by it in  carrying out functions assigned to it under any written law; and

– transaction of goods sold and services performed before 1 July 2025.

• International organisation for the transaction of any goods sold or service performed before 1 July 2025.

• Taxpayers with an annual turnover or revenue of less than RM 150 000.

Suppliers who provide goods or services to the persons above are required to issue e-invoices.