TraTax | Answering Questions on IRBM’s Statement on e-Invoicing

1. Following the Inland Revenue Board of Malaysia (IRBM)’s media statement on 26 July 2024, our member, TraTax shared their take and responses for the following 6 questions.
2. Is the implementation of e-invoicing deferred by 6 months?
3. My company’s annual turnover is between RM25 million and RM100 million. What should I do?
4. My company’s annual turnover is above RM100 million, and we are somewhat prepared to implement e-invoicing as per the original guidelines. What should we do?
5. What is a consolidated e-invoice?
6. What are the particulars required for consolidated e-invoice for sale transactions during the initial 6-month period?
7. Why should I act on e-Invoicing requirements given there is a 6-month penalty-free period?

Access their answers to these questions here