- Malaysia, 31 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.
- Malaysia, 10 July 2024
Latest Updates on E-invoice Guidelines and SDK for MyInvois System (API)
The Malaysian Inland Revenue Board (IRBM) has announced updates to the Software Development Kit (SDK) version 1.0 and the e-invoicing guidelines. These updates aim to assist taxpayers in preparing for the upcoming nationwide e-invoicing mandate.
Key Updates (28 June 2024)
Guidelines and SDK:
Updated e-invoice Guideline version 3.0
Updated e-invoice Specific Guideline version 2.2
Updates to the Guidelines
The following changes have been made in the updated e-invoice Guideline 3.0 and e-invoice Specific Guideline 2.2:
New Abbreviation: Added “SSM” for Companies Commission of Malaysia.
Scope Clarification: Mandate applies to all individuals and legal entities.
New Transaction Types: Added to the list of transactions not required under the e-invoicing mandate.
Government Involvement: IRBM initiated discussions with various government bodies to implement e-invoices.
Supplier Exemption: Suppliers (or buyers in self-billed scenarios) are exempt from sharing validated e-invoices or their visual representations with the buyer.
Clearance Process: Detailed process provided, including e-invoice statuses and document validation rules.
Information Sharing: Clarifications on sharing e-invoice information between IRBM and RMCD.
BRN Clarification: Clarification on new and older versions of Business Registration Number (BRN).
Self-billed Transactions: New self-billed transactions added for consolidated e-invoices.
Insurance Transactions: “Claim, compensation or benefit payments from the insurance business of an insurer” added to the mandatory self-billed transactions list.
Editorial Changes: Rephrasing and removal of certain provisions for clarity.
Updates to SDK 1.0
The SDK 1.0 update includes:
API Response Alignment: Updates to align API Response and Standard Error Response.
Document Type Examples: Specified as “v1.1”.
Search Documents API: Removal of ‘Continuation Token’.
Signatures Updates: Updates and new additions including signature page, type page, and sample payload for each document type.
API Responses: Updates to the responses for Get All Document Types, Reject Document, and Get Recent Documents APIs.
Contacts Page: Updates included.