By: Mike Paul
Kuala Lumpur, Jan 1 — Malaysia’s Inland Revenue Board (HASiL) has officially launched E-Invois Phase 4 and Self-Assessment Stamp Duty System (STSDS) Phase 1, marking a new chapter in the nation’s tax digitalization drive under the 13th Malaysia Plan (RMK13).
The rollout, effective Jan 1, 2026, applies to taxpayers with annual income or sales up to RM5 million. It replaces the legacy STAMPS system, which was terminated on Dec 31, 2025.
In a statement, HASiL said: “This initiative helps improve operational efficiency, strengthen business record management, and simplify tax compliance in a transparent and systematic manner.”
The agency revealed that 843 million e-Invoices have already been recorded nationwide, involving 113,800 taxpayers, including 48,800 Phase 4 businesses that voluntarily adopted the system ahead of the mandate.
Prime Minister Anwar Ibrahim previously announced exemptions for businesses with turnover below RM1 million, ensuring micro-enterprises are not burdened by compliance costs.
The STSDS transition requires taxpayers to register for a Tax Identification Number (TIN) or obtain a Digital Certificate to access the MyTax portal. Testing for the new system began on Dec 17, 2025, but HASiL noted that some STAMPS users still lack proper registration, potentially delaying access.
Economists say the move reflects Malaysia’s commitment to fiscal modernization and SME empowerment. By digitizing invoicing and stamp duty, the government aims to enhance transparency, reduce fraud, and align Malaysia with global best practices.
As 2026 begins, SMEs are expected to benefit from streamlined compliance, while Malaysia strengthens its reputation as a digitally progressive economy.
- TNS News
