Guide on Tax Invoice in Malaysia
What is a Tax Invoice in Malaysia?
A tax invoice is a document issued by a seller to a buyer that adheres to Malaysia's Sales and Services Tax (SST) system. It essentially functions as a receipt with additional details for tax purposes.
What Needs to be Included in a Tax Invoice?
There are mandatory particulars that a tax invoice must include:
Prominent display of the words "tax invoice"
Invoice serial number
Date of issuance
Seller's information: Name (or trade name), address, and SST identification number
Buyer's information: Name and address (not required for simplified invoices)
Description of goods/services supplied
Quantity or volume of goods/services (e.g., liters, kilograms, hours)
Any discounts offered
Breakdown of charges:
Total amount payable excluding tax
SST rate
Total SST amount (shown separately)
Total amount payable including SST
Optional details can include terms and conditions of sale and payment information.
Full vs. Simplified Tax Invoices
There are two main invoice types:
Full Tax Invoice: A standard invoice used for most sales transactions and required by law for registered businesses.
Simplified Tax Invoice: An abbreviated version typically used by businesses issuing high volumes of invoices, like supermarkets or gas stations. It may omit the buyer's details and forego separate breakdowns of price and tax for each item.
Issuing Tax Invoices
By law, invoices must be issued within 21 days of the sale. While not mandatory yet, the Malaysian government is encouraging a shift towards e-invoicing for improved efficiency.
Resources for Further Information
For a more in-depth look, you can refer to the following resources from the Malaysian government:
e-Invoice: https://www.hasil.gov.my/e-invois/
Guide on Tax Invoice in Malaysia
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