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Malaysia accelerates rollout of electronic invoicing

Malaysian Inland Revenue Board (IRB) deputy chief executive officer (Tax Operations) Shaharrudy Othman said approximately 55,000 taxpayers are expected to be onboarded in this phase, and expressed confidence that the take-up rate would mirror previous phases.

Kuala Lumpur (VNA) - Phase 3 of Malaysia’s e-invoice system rollout kicked off on July 1, targeting taxpayers with annual revenue between 5 - 25 million MYR (1.2 - 6.2 million USD).

Malaysian Inland Revenue Board (IRB) deputy chief executive officer (Tax Operations) Shaharrudy Othman said approximately 55,000 taxpayers are expected to be onboarded in this phase, and expressed confidence that the take-up rate would mirror previous phases.

According to the official, over 5,400 taxpayers adopted the e-invoice system in Phase 1, which began on August 1 last year. Phase 2 saw about 13,000 taxpayers join the system starting January this year. To date, 352 million e-invoices have been submitted.

The fourth and fifth phases of the rollout will target businesses with annual income between 1 - 5 million MYR starting January 1, 2026, and those earning up to 1 million MYR beginning July 1, 2026.

Earlier, IRB also launched the MyInvoice e-POS System, a free digital Point-of-sale (POS) platform designed specifically for micro, small, and medium enterprises (MSMEs) with annual revenue below 750,000 MYR./.

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