Electronic Invoice Requirements
Electronic Invoice Requirements Effective Date: 1 October 2024 Implementation Timeline Phase 1: 1 October 2024 – Companies with annual sales > RM100 million Phase 2: 1 January 2025 – Companies with annual sales > RM25 million but ≤ RM100 million Phase 3: 1 July 2025 – All other businesses Annual Sales Determination – Based on […]
When should I issue a self-billed e-invoice if I engage consulting services from a Singapore company?
Q: When should I issue a self-billed e-invoice if I engage consulting services from a Singapore company? A: Let us explain with examples when you need to issue a self-billed e-invoice for foreign services: Example 1: ABC Sdn Bhd engages XYZ Singapore for IT consulting services. – Invoice received from XYZ Singapore: 10th August 2024 […]
Overview of New Regulations – Self-Employment Social Security Regulations 2024
Effective Date: 1 September 2024 Authority: Self-Employment Social Security Act 2017 [Act 789] Issued By: Minister of Human Resources, Sim Chee Keong Purpose These regulations establish mandatory social security contribution rates for self-employed hawkers and traders in Malaysia. Key Points:- 1. Applicability This applies to individuals conducting self-employment activities as hawkers or traders. . Must […]
