E-Invoicing FAQ: Addressing the Specific Nature of Transactions in e-Invoicing with Multiple MSIC Codes
Question: What if a company initially registered with a single MSIC Code, specifically for flour packaging, but later diversified into cake production – how should this be addressed in the E-Invoice? Reply: The e-Invoicing Guide (version 2.1) issued by the Malaysian Inland Revenue Board (IRBM) does not explicitly address the situation where a company has […]
E-Invoicing FAQ: 2024 Purchase Invoice Deduction – A Comprehensive Examination
Question: If Co A implements e-invoicing on 1/8/24 (annual turnover >RM100m). However, contractor Co Z has not implemented e-invoicing as per the Act (<RM25m) until 1/7/25. Q: Are normal purchase invoices from Co Z deductible for Co A during 2024, or was Co Z mandatory for earlier (i.e., on 1/8/2024) implementation due to Co A’s […]
