For businesses with RM25m to RM100m annual turnover, e-Invoicing is applicable from 1st Jan 2025. If there is failure to issue e-Invoice for any transaction in January, there is final chance to close the compliance gap by submitting a consolidated e-Invoice to the Inland Revenue Board of Malaysia (IRBM / LHDN) by 7th Feb 2025.

e-Invoicing requirements are not confined to sales transactions, but also there are requirements to issue a Self-Billed e-Invoice (SBeI) on various Accounts Payable transactions. For this too, consolidated SBeI is permitted by 7th Feb (in some cases 7th March).

In the article published on the StarBiz, the business section of a reputable mainstream newspaper in Malaysia, Thenesh Kannaa of TRATAX gives a final reminder to businesses on the opportunities to close compliance gaps without penalty by 7 Feb.