Malaysia

Electronic invoicing requirements and mandates in Malaysia

#E-Invoicing in Malaysia

Malaysia mandates e-invoicing through MyInvois platform starting August 2024 for certain business segments, with phased rollout.

Mandatory
B2G Status
Phased
B2B Status

#E-Invoicing Status

B2G and B2B electronic invoicing requirements

B2G (Business to Government)

Mandatory
Effective: August 1, 2024

Electronic invoicing requirements for transactions with government entities.

B2B (Business to Business)

Phased Rollout
Effective: August 1, 2024

Electronic invoicing requirements for transactions between private businesses.

#Platform & Formats

Official Platform

MyInvois
Visit Official Portal

Supported Formats

UBL 2.1XML

Additional Notes

Phased implementation based on annual turnover thresholds.

Open Banking + E-Invoicing in Malaysia

Combining e-invoicing with Open Banking creates powerful automation opportunities. Open Banking APIs enable real-time bank transaction access for automated invoice reconciliation, while Payment Initiation Services (PIS) allow instant payments directly from e-invoices.

๐Ÿ”„
Auto-Reconciliation
Match bank transactions with e-invoices automatically
๐Ÿ’ธ
Instant Payments
Pay invoices with one click via PIS
๐Ÿ“Š
Cash Flow Visibility
Combine invoice & bank data for forecasting
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