No matter where your business is located in the world, if you sell goods or services in Malaysia, you must be familiar with Malaysia’s GST system. It’s important to comply with the invoicing requirements set out by the Malaysian authorities to avoid any rejection or delays in payment. In this guide, we’ll cover everything you need to know about the Malaysian invoicing process.
What is a Tax Invoice in Malaysia?
In Malaysia, a tax invoice is the standard invoice format required under the GST system. It serves as proof of payment for the supply of goods and service and is essential evidence to support to Input Tax Credit claim.
Requirements for a Tax Invoice in Malaysia
In order to comply with regulations, you must include the following information on invoices to all your clients in Malaysia:
- Your company’s name and address
- Your company’s GST number
- Invoice date
- Invoice number
- Customer’s name and address
- Customer’s GST number
- GST rate and total amount applied to each article (6%)
- Final subtotal before GST
Let us take care of your invoicing needs
As Asia’s leading professional services provider, INS Global offer an invoicing outsourcing service for companies with or without an entity in Malaysia to invoice clients in the local currency. We play an intermediary role between your company and your client, allowing us to issue GST invoices that are fully complaint with local regulations.
Our team can assist with:
- Invoice preparation;
- Verification for compliance;
- Processing the payment of your client; and
- Issuing the proof of payment and necessary tax receipts.
We charge a standard management fee based on the total invoice amount, without any extra hidden or withholding costs.
INS Global: Your invoicing partner in Malaysia
With over 10 years’ experience in the Asia-Pacific market, our teams are able to assist your company with any invoicing, HR, payroll and tax query you may have. We simplify the invoicing process to ensure your company operate in Malaysia without any hassle. Contact our team today to learn more about how we can help your business.