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Malaysia's Inland Revenue Board has opened a special voluntary disclosure programme for e-Invoice compliance until December 31, 2027, offering penalty-free corrections for businesses and accelerated tax incentives for digital infrastructure investments.
Malaysia's anti-corruption and customs authorities are launching a coordinated task force to combat revenue leakages at ports through enhanced enforcement and transparency, addressing industry concerns over compliance gaps.
The Cabinet has acknowledged Barisan Nasional's business-focused proposals, signalling a potential review of e-invoicing systems and mandatory 2% EPF contributions affecting foreign workers.
Malaysia's e-Invoicing system has driven significant tax compliance improvements, with over 52,000 taxpayers voluntarily declaring RM4.07 billion in income since the August 2024 rollout.