Malaysia’s electronic invoicing (e-invoice) system has hit a major milestone, recording over one billion transactions since its rollout, the Inland Revenue Board (IRB) confirmed. Participation now includes more than 200,000 taxpayers nationwide, highlighting strong adoption across the country.
IRB Chief Executive Officer Datuk Abu Tariq Jamaluddin revealed that over 135,000 taxpayers, including phase four participants and new registrants, have started submitting e-invoices. He praised the compliance rate, noting that over 90% of companies from phases one to three have met the mandated timeline.
Abu Tariq clarified that e-invoicing is not a new tax but rather a digital transformation of business documentation, aimed at streamlining operations and enhancing transparency. The system benefits the broader business ecosystem, particularly micro, small, and medium enterprises (MSMEs), by improving operational efficiency and fostering trust.
He also addressed concerns that the e-invoice system increases tax payments, confirming that companies with annual sales below RM1 million are exempt from mandatory implementation, though voluntary adoption is encouraged.
To support businesses, the IRB offers free digital tools, including the MyInvois Portal and mobile app, alongside comprehensive guidance, webinars, and advisory services. Abu Tariq assured that the IRB will continue engaging companies yet to adopt the system, providing reminders and on-site assistance to ensure smooth implementation.
This milestone marks a significant step in Malaysia’s digital tax transformation, reinforcing efficiency, compliance, and transparency across the nation’s business sector.
