Malaysia’s new e-Invoicing regulations: What Malaysian Rezerv users should know
For businesses using Rezerv, this transition will be seamless. Our platform is evolving to support Malaysia’s e-Invoicing requirements, helping business owners navigate these changes with ease.
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e-Invoice submission via Rezerv business portal will be available from 26 June 2025.
The Malaysian government is taking a bold step toward modernizing its tax system with the introduction of mandatory e-Invoicing. This initiative is part of the broader MyInvois program led by the Inland Revenue Board of Malaysia (IRBM) to enhance tax compliance, streamline business processes, and ensure greater transparency in financial reporting.
e-Invoicing will be rolled out in phases, beginning with larger businesses on August 1, 2024, before expanding to include all businesses with an annual turnover above RM150,000 by July 1, 2025. This means businesses across Malaysia need to gear up and integrate their operations with the new system to stay compliant.
For businesses using Rezerv, this transition will be seamless. Our platform is evolving to support Malaysia’s e-Invoicing requirements, helping business owners navigate these changes with ease. This article will cover everything you need to know about e-Invoicing in Malaysia and the updates coming to Rezerv’s business portal to ensure compliance.
What is e-Invoicing?
e-Invoicing, or electronic invoicing, is a system where invoices are created, shared, and validated in a digital format, ensuring compliance with standardized government regulations. Unlike traditional invoices, e-invoices are transmitted in real-time to the Malaysian government’s MyInvois portal for validation and recordkeeping. This makes e-Invoicing a more transparent and efficient approach to managing transactions.
An e-Invoice serves as a digital record of a transaction between a seller (supplier) and a buyer (purchaser). It contains essential information such as seller and buyer details, item descriptions, quantities, prices, tax breakdowns, payment details, and the total amount. Once validated through the MyInvois portal, the e-Invoice is assigned a Unique Identification Number (UIN) and a QR Code, making it easy to verify online.
Key features of e-Invoicing in Malaysia:
- Real-time submission and validation through the MyInvois portal.
- Inclusion of a UIN and QR Code for secure and instant verification.
Key dates to remember:
- August 1, 2024: Businesses with an annual turnover exceeding RM100 million must begin issuing e-Invoices.
- January 1, 2025: e-Invoicing extends to businesses with an annual turnover of more than RM25 million.
- July 1, 2025: All businesses with a turnover above RM150,000 are required to comply.
This phased rollout aims to help businesses adapt gradually to the new system. At Rezerv, we’re committed to making this transition simple and effective by integrating e-Invoicing features directly into our platform.
The e-Invoice features outlined above will be launched on Rezerv by June 2025, ensuring all businesses comply with the new regulations by July 2025.
For more details on Malaysia’s e-invoicing requirements and how Rezerv supports these changes, refer to the provided PDF document (pages 104–106). These pages outline additional guidelines, including categorizing Rezerv as an e-commerce platform under the new regulations.
If you have any questions or need further clarification, our team is always ready to assist.
