E-Invoicing in Malaysia
A national e-invoicing initiative to improve business efficiency and productivity. Get ahead of the curve with LinkFor - the easiest way to comply with the new mandate and streamline your invoicing process.
E-invoicing (or electronic invoicing) is the "digital approach to invoicing that simplifies the creation, submission, validation and archiving of invoices electronically" by allowing accounting software and ERP systems to send and receive e-invoices in a system-to-system manner. It's key to supporting digital tax monitoring and avoiding paper/PDF invoicing and tax leakage.
Why is E-Invoicing important in Malaysia?
How does the nationwide e-invoicing mandate impact enterprises?
Companies with annual revenue over MYR 100 million are selected to kickstart this transformative journey first. MDEC aims to increase their business efficiency, improve their cash flow and facilitate efficient tax compliance.
The latest update from the Inland Revenue Board of Malaysia (IRBM) indicates that e-invoicing implementation for this cluster of enterprises is to commence on August 1, 2024. Other turnover clusters will be mandated to adopt e-invoicing on an year-to-year approach.
Now it's more important than ever for Malaysian businesses to start preparing for the e-invoicing transition!
LinkFor E-Invoicing system benefits for Malaysian businesses
LinkFor, a leading global e-invoicing solutions provider, can help you with every step of the process, from planning and implementation to support and training.
Adhere to IRBM's guidelines
Improve visibility and control
Streamline your invoicing process
Get ahead of the curve
Enhance security and compliance
Linkfor is a trusted, award-winning e-invoicing provider for organisations of all sizes, serving customers in Singapore, Australia, New Zealand, and the United Kingdom since 2016. We are Peppol-certified in each country we operate. For more: www.linkfor.asia/my.
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