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Malaysia delays e-invoicing for small businesses until Jan. 1, 2027, citing costs and readiness.
Malaysia has delayed mandatory e-invoicing for SMEs with annual sales between RM1 million and RM5 million to January 1, 2027, citing high costs and lack of readiness.
Prime Minister Anwar Ibrahim announced the extension, following a prior postponement, and also exempted businesses with revenue below RM1 million.
The government raised the service tax threshold for rental services from RM1 million to RM1.5 million to ease the burden on smaller firms.
The e-invoicing system, managed by the Inland Revenue Board, aims to boost tax compliance and reduce fraud through standardized digital invoices.
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Malasia retrasa la facturación electrónica para las pequeñas empresas hasta el 1 de enero de 2027, citando costos y preparación.