1. Stay informed
I use technical posts to stay updated on the latest developments in our field.

2. Knowledge sharing with colleagues
Sharing these key developments with our colleagues is essential to foster collaboration and learning.

3. Client communication
Through these posts, we also keep our clients informed about important industry updates.

I understand that not all of our clients or colleagues may read this information, but at least I make an effort to disseminate it in a timely manner.

This was my recent post from yesterday. Enjoy reading!

{Tax Update} e-Invoice Guideline 2.1

The Inland Revenue Board (IRB) has issued updated e-Invoice Guidelines, including:

✅1. Key updates in the guidelines: e-Invoice Guideline (version 2.1):
1.1 Removed references to non-business transactions between individuals.

1.2 Revised implementation timeline:

1 August 2024 – Mandatory for taxpayers with an annual turnover/income exceeding RM100 million.
1 January 2025 – Mandatory for taxpayers with an annual turnover/income between RM25 million and RM100 million.
1 July 2025 – Mandatory for all other taxpayer categories.

✅2. Key updates e-Invoice Specific Guideline (version 1.1):
2.1 Requires service tax amount inclusion in self-billed e-Invoices for imported taxable services.

2.2 Extends the deadline for issuing e-Invoices for foreign income received in Malaysia from the same month to the end of the following month.

✅3. Source

Guidelines are accessible on IRB’s website: www.hasil.gov.my (Home > e-Invoice)

IRB e-Invoice version 2.0 https://lnkd.in/dDFqBACE