The Inland Revenue Board reports over one billion e-invoice transactions from 200,000 taxpayers, with strong compliance and benefits for SMEs.
KUALA LUMPUR: Malaysia’s electronic invoice system has surpassed one billion transactions since its implementation. The Inland Revenue Board (IRB) confirmed participation from over 200,000 taxpayers nationwide.
IRB chief executive officer Datuk Abu Tariq Jamaluddin stated that more than 135,000 taxpayers have begun submitting e-invoices. This group includes phase four taxpayers and new registrants.
“Overall, the level of compliance and acceptance regarding the implementation of the e-invoice system is very good,” he said during an appearance on Bernama TV. He noted that over 90% of companies from phases one to three have complied with the timeline.
Abu Tariq emphasised that e-invoicing is not a new tax, clarifying a common misconception. He explained it is a digital transformation of business documentation processes.
The implementation benefits the entire business ecosystem, including micro, small, and medium enterprises (MSMEs). It helps digitalise operations and increases trust and transparency.
He dismissed the myth that the system leads to higher tax payments for businesses. Companies with annual sales below RM1 million are exempt from mandatory implementation but are encouraged to adopt it voluntarily.
To facilitate adoption, the IRB provides free platforms like the MyInvois Portal and mobile app. The agency also offers extensive support through guidelines, webinars, and advisory services.
Abu Tariq said the IRB will continue engagement activities with companies yet to implement the system. This includes issuing reminders and providing on-site assistance.
