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The e-Invoicing rollout in Malaysia has been ongoing for over a year since Phase 1 began on 1 August 2024, with Phase 4 set to be implemented on 1 January 2026. In this instance, the e-Invoice Compliance Framework (e-Invoice Compliance Review Framework) was released by the Inland Revenue Board of Malaysia (IRBM) on 15 December 2025 detailing how the IRBM will be conducting review of taxpayers’ compliance towards e-invoice in a fair, transparent and equitable manner.

The Malaysian Accounting Standards Board (MASB) has issued a revised ‘Practice Statement on management commentary’ (the Practice Statement). The objective of the revision is to provide a global benchmark for the preparation of management commentary accompanying financial statements including sustainability-related financial disclosures.

Get valuable tax insights announced from the Malaysia Budget 2026 in our updated Budget Adviser 2026.

The Budget 2026, tabled earlier in October, sets a reformist tone with measures that expand individual tax reliefs, tighten indirect-tax compliance and extend Sales and Service Tax (SST) coverage — signalling the government’s bid to balance social support with fiscal sustainability.