(Tax Update) Consolidated Self-Billed for Import of Goods or Services

According to the Inland Revenue Board of Malaysia (IRBM) letter dated 12 August 2024, addressed to the Chartered Tax Institute of Malaysia (CTIM), the following key issues were clarified regarding the implementation of consolidated self-billed e-invoices for the import of goods or services:

Timing During Relaxation Period

Even during the six-month interim relaxation period, taxpayers must issue consolidated self-billed e-invoices monthly, within seven days after the end of the month.

Importation of Goods

For goods cleared by customs in August 2024, self-billed e-invoices must be issued as follows:

Individual e-invoice: By 30 September 2024.
Consolidated e-invoice: By 7 October 2024.

Importation of Services:

For services either paid for or invoiced in August 2024:

Individual e-invoice: By 30 September 2024.
Consolidated e-invoice: By 7 October 2024.

Clarifications

No e-invoice is required if goods/services were paid for or invoiced before the mandatory implementation date.

Further Action

IRBM will provide more details in upcoming FAQs to clarify the e-invoice requirements.

This should provide a clear and concise understanding of the recent e-invoicing updates.

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