E-Invoicing Malaysia: Stay Compliant with New Feature in BASSnet Financials
Malaysia’s Inland Revenue Board (‘IRBM’) has introduced mandatory e-invoicing to digitalise and streamline tax reporting. Under this framework, businesses must submit e-invoices for all sales and transactions through the IRBM’s MyInvois Portal for validation—posing a significant operational change, especially for companies managing high transaction volumes.
To help our Malaysian customers meet this requirement with ease, we’re pleased to announce that BASSnet Financials now supports full compliance with Malaysia’s e-invoicing mandate via a dedicated E-Invoicing Malaysia feature.
This new feature integrates directly with IRBM’s MyInvois Portal via API, enabling real-time e-invoice generation, submission, validation, and tracking—all from within BASSnet Financials. This eliminates manual steps, reduces risk of errors, and ensures a smooth transition to Malaysia’s new tax compliance process.
Key benefits of the new E-Invoicing Malaysia feature:
- Full compliance with Malaysia’s new e-invoicing framework.
- Real-time API integration with the MyInvois Portal for seamless processing.
- Smooth e-invoice validation, including provision of IRBM-provided Unique Identifier Number (UIN) and QR code.
- Built-in workflows to manage invoicing cycle from invoice processing to e-invoicing submission.
- Streamlined reporting and e-invoice traceability.
This enhancement drives substantial improvements in operational efficiency for e-invoicing, while automated compliance mechanisms offer stakeholders greater assurance and peace of mind.
Designed with global scalability in mind, this new feature establishes a foundational framework for BASSnet’s future expansion of e-invoicing capabilities to other countries.
Stay compliant, stay efficient—with BASSnet.
*Note: The new E-Invoicing Malaysia feature is available in BASSnet Financials 3.2 Service Pack 2. To enable this feature or get support, Malaysian customers are kindly advised to contact their BASS Account Manager or the BASS Support Team here.