A revision to the new e-Invoice implementation timeline for businesses has been announced during the Malaysian Budget 2024, with an update of the postponement of the start date and a shorter target timeframe for full implementation for every taxpayer.

The updated detailed timeline is as follows:

• 1 August 2024: Implement on taxpayers with an annual turnover of RM100 million and above.
• 1 January 2025: Implementation towards taxpayers with an annual turnover of RM25 million to RM100 million.
• 1 July 2025: To achieve full and comprehensive implementation on other remaining taxpayers.