Malaysia’s E-Invoicing Implementation: Key Updates and Preparation Strategies
The Inland Revenue Board of Malaysia (IRBM) has recently released updates regarding Malaysia’s e-Invoicing on the 28th of January 2025. Key Updates IRBM published: These documents are accessible on the IRBM’s official website. Phased Implementation Timeline The mandatory adoption of e-Invoicing will occur in stages: Implemented on 1 August 2024 with grace period from 1 […]
MBRS 2.0 Mandatory Implementation on 1 March 2025
The Companies Commission of Malaysia (SSM) has announced Phase Two of the Malaysian Business Reporting System (MBRS) 2.0, requiring companies to submit specific documents starting 1 March 2025. This follows the initial Phase 1 rollout on 1 December 2024. Compliance is essential to avoid penalties and ensure smooth reporting. What is MBRS 2.0? MBRS 2.0 […]
2025 Tax Updates: Maximize Reliefs & Avoid Penalties
Tax season is here! Whether you’re an individual taxpayer or a business owner, staying updated on tax reliefs, filing deadlines, and compliance rules can help you maximize savings and avoid costly penalties. Key Tax Reliefs for Individuals LHDN’s EDUZONE platform makes it easier to access tax reliefs for this tax season. Here are some key […]
March 2025 Tax Audit Framework Rollout: What Malaysian Businesses Need to Know
The Inland Revenue Board of Malaysia (IRBM) has taken a bold step toward tax transparency and compliance with the introduction of a new consolidated audit framework, effective 15 March 2025. The new guideline, titled Rangka Kerja Audit Cukai dan Cukai Potongan Majikan (RKA CPM), isn’t just a minor update. It’s a full integration of five […]