eInvoice

Cross-border transaction involves a transaction between a Malaysian buyer and a foreign supplier and vice versa. Foreign supplier refers to any supplier operating outside of Malaysia / not established in Malaysia, including non-Malaysian individual. Conversely, foreign buyer refers to any foreign person whom acquires goods and/or services from Malaysia. Cross-border transactions consists of the following: […]

Employment Benefits An individual under a contract of service (i.e., employment) may be provided with employee benefits by his / her employer. Employee benefits may include benefits in cash or in kind that are received by an employee from the employer or third parties in respect of having or exercising the employment, such as: Employees’

Currently, businesses (Suppliers) will issue a receipt / bill / invoice in hardcopy and/or softcopy (e.g., via e-mail) to customers (Buyers) to record a transaction (e.g., sale of products or provision of services to Buyers for personal consumption). Upon implementation of e-Invoice, Suppliers are required to issue e-Invoice for all of its transactions. However, certain

When a sale or transaction is concluded, an e-Invoice is issued by Supplier to recognise income of the Supplier (proof of income) and as a record for purchases made / spending by Buyer (proof of expense). However, there are certain circumstances where another party (other than the Supplier) will be required to issue a self-billed

Upon implementation of e-Invoice, Suppliers are required to issue e-Invoice for all of its transactions. However, certain Buyers, particularly customers and certain businesses, may not require an e-Invoice as proof of expense. In facilitating the issuance of e-Invoice, there are various options for Suppliers to allow Buyers to request for e-Invoice at Buyer’s convenience. Buyers’

To support the growth of the digital economy, Malaysia will implement e-Invoice in stages in an effort to enhance the efficiency of Malaysia’s tax administration management. The focus is on strengthening the digital services infrastructure and digitalising the tax administration. The e-Invoice will enable near real-time validation and storage of transactions, catering to Business-to-Business (B2B), Business-to-Consumer