Income Tax (Issuance of Electronic Invoice) Rules 2024 : Implementation Dates
The Income Tax (Issuance of Electronic Invoice) Rules 2024, as outlined in P.U. (A) 265, provide the legal framework for the implementation of electronic invoices (e-invoices) in Malaysia. These rules, which come into effect on 1 October 2024, establish the requirements and timelines for businesses to adopt e-invoicing. It’s important to note that there is a discrepancy between […]
E-Invoice Guideline: Example based on Illustration 23
Example based on Illustration 23: Malay Tech Gadgets Sdn Bhd, a Malaysian electronics retailer, imports smartphones from Tech Giant Co., Ltd., a manufacturer based in China. The details of the transaction are: – Product: 1,000 units of Smart Phone X – Unit price: USD 200 (approximately RM900) – Total invoice value: USD 200,000 (approximately RM900,000) […]
MyInvois Portal: New Look, Enhanced Features
The MyInvois Portal has been refreshed, offering users a more intuitive and efficient experience. While retaining its core functionality, the portal now boasts a sleek new outlook and several exciting features: 1. Visual Templates: Using new visual templates, create professional-looking e-invoices with ease. You may now customise your invoices to reflect your brand while ensuring […]
