The Inland Revenue Board of Malaysia (IRBM) has recently updated their guidelines to include a postponement of the CTC mandate for certain small taxpayers.
Previously, all taxpayers were set to be in scope by 1 July 2025. However, two new taxpayer groups have now been introduced:
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Taxpayers with an annual turnover or revenue of more than RM500,000 (approx. 109,000 euros) and up to RM25 million (approx. 5 million euros) will remain in scope by 1 July 2025, with a relaxion period of 6 months applying until the 31st of December of 2025.
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Taxpayers with an annual turnover or revenue of up to RM500,000 will only be in scope in January 2026, with a relaxion period of 6 months applying until 30th of June of 2026.
During the relaxation period, taxpayers can report e-invoices monthly using consolidated invoices rather than issuing individual e-invoices.
