July 2023
Esker Asia
Unlocking Positive-Sum Growth with AI-Driven Business Solutions for #S2P & #O2C Cycles
Welcome to Esker Asia Scoops! Stay up-to-date on new product releases, upcoming events, industry insights, and more. From exciting announcements to educational resources, we've got you covered. So, let's dive right in and explore what we have in store for you in this issue! ??
Malaysia’s E-Invoice Pilot Project and Proposed Rollout Timeline
In early March 2023, the Inland Revenue Board (IRB) of Malaysia unveiled a proposed timetable for the gradual implementation of an electronic invoicing system, known as e-invoicing. This initiative aims to improve tax administration management while simplifying financial record-keeping for taxpayers. The plan entails a phased rollout, commencing in 2023 for selected companies, followed by a subsequent implementation based on annual sales. The initial group to adopt the new electronic invoicing (e-invoice) system will consist of 4,000 companies with revenue exceeding RM100 million, starting from June 1 next year.
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