Mandated by the Inland Revenue Board (LHDN) of Malaysia, eInvoicing aims to boost business efficiency and deter tax evasion. Implementation will take place incrementally, commencing in August 2024.
The eInvoicing process initiates with a sale or transaction. Suppliers generate eInvoices via the MyInvois Portal or API. Validated eInvoices are archived in the IRBM’s database, enabling taxpayers to access their historical eInvoices. This system streamlines the invoicing procedure, ensuring efficiency and accessibility for businesses across various scales.