Malaysia is entering a new phase of digital tax compliance, and banks are taking the lead. Beginning 1 January 2026, the Inland Revenue Board of Malaysia (LHDN) requires businesses with annual revenue above RM1 million to issue e-Invoices for all transactions.
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Key Rule: Any single transaction exceeding RM10,000 must be issued as a standalone e-Invoice.
π¦ Bank Announcements & Requirements
Several major banks have already announced their adoption of this requirement:
- Standalone e-Invoices for transactions above RM10,000 starting January 2026.
- Customers must provide their Tax Identification Number (TIN) and SST registration number.
View Announcement π
- Will begin issuing individual e-Invoices for transactions exceeding RM10,000 in January 2026.
- Customers should update their information, including the new NRIC number for individuals, via CIMB’s e-Invoicing Information Update Form.
View Announcement π
- From January 1, 2026, e-Invoices will be issued for transactions above RM10,000 (including fees, charges, and interest).
- For transactions at or below RM10,000, e-Invoices will only be issued if the customer opts in.
View Announcement π
- Announced on December 23, 2025, that standalone e-Invoices will be issued for transactions exceeding RM10,000 effective January 1, 2026.
View Announcement π
π Scope of Enforcement
- • The rule applies only to transactions conducted between banks.
- • It does not cover fund transfers or payment of principal amounts.
- • The enforcement is limited to fees, charges, and interest-related transactions.
π‘ Implications
- • Customers engaging in high-value banking transactions involving fees, charges, or interest will receive a separate e-Invoice for each qualifying transaction.
- • This measure is expected to enhance transparency, compliance, and record-keeping within the banking sector.
πOther banks are expected to follow soon, ensuring nationwide compliance with LHDN’s framework.
Background: LHDN’s Nationwide Rollout
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Mandatory from 1 January 2026
All businesses with annual revenue above RM1 million must issue e-Invoices.
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RM10,000 threshold
Any single transaction above this value requires a standalone e-Invoice.
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Objective
Improve transparency, efficiency, and digital tax compliance across industries.
π SQL Account System: Built-In Compliance for RM10,000+ Transactions
With banks and businesses preparing for mandatory e-Invoicing, SQL Account System offers smart features to keep you compliant:
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Automatic Detection
Identifies transactions above RM10,000 instantly.
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Alert Reminder
An alert reminds users to issue a standalone e-Invoice, ensuring no compliance steps are missed.
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One-Click Submission
Direct submission of e-Invoices to LHDN via API, ensuring full compliance
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Audit-Friendly Dashboard
Simplifies monitoring, tracking, and reporting of e-Invoices.
π Why This Matters
With banks already adopting LHDN’s requirements and the nationwide rollout beginning in January 2026, businesses must act now. SQL Account’s reminder for RM10,000+ transactions acts like a built-in compliance assistant, helping you stay ahead of regulations while focusing on growth.
π Contact us today to learn more about our e-Invoice solutions and ensure your business is fully prepared for Malaysia’s digital tax mandate.
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