Malaysia Regulatory Updates-2 July 2024

Updates from Malaysia: New e-Invoice Guidelines and Implementation Relaxation

The Inland Revenue Board of Malaysia (LHDN) has issued several important updates regarding e-Invoicing:

• Updated Guidelines: LHDN has released the e-Invoice Guideline Version 3.2 and e-Invoice Specific Guideline Version 3.0 These updates include crucial changes and detailed instructions for compliance with the latest e-invoicing standards. Please review these latest guidelines to ensure compliance.

• Implementation Relaxation: LHDN announced a six-month relaxation period for the mandatory implementation of e-Invoicing. This extension allows businesses additional time to consolidate all transactions into a consolidated e-Invoice format.

Please review these updates to ensure your business is prepared and compliant with the new guidelines and timeline.