e-InvoicingHub
News & Insights
What is e-Invoicing?
E-invoicing is a digital representation of the transaction between the seller and the buyer. E-invoicing replaces the use of paper or electronic documents such as in PDF, JPEG, DOC and other formats. According to the Malaysian Inland Revenue Board (LHDN), e-invoicing will be implemented in stages starting in August 2024.
When e-Invoicing Need to be Implemented?
E-invoicing will be implemented in phases according to the mandatory e-invoicing implementation timeline as follows:
Targeted Taxpayers |
Implementation Date |
| Taxpayers with an annual turnover or revenue of more than RM100 million | 1 August 2024 |
| Taxpayers with an annual turnover or revenue of more than RM25 million and up to RM100 million | 1 January 2025 |
| All taxpayers | 1 July 2025 |
What Are The Benefits of e-Invoicing?
- Unified invoicing process through creation and submission of transaction document and data electronicaly.
- Seamless system integration for efficient and accurate tax reporting.
- Enhanced efficiency and significant time and cost savings.
- Aligns financial reporting and processes to be digitalised with industry standards.
The e-Invoice Workflow
The figure demonstrates an overview of the e-Invoice workflow from the point a sale is made or transaction is undertaken, and an e-Invoice is issued by the supplier via MyInvois Portal or API, up to the point of storing validated e-Invoices on IRBM’s database for taxpayers to view their respective historical e-Invoices.