Implementation of e-Invoicing
To support the growth of the digital economy, the
Government intends to implement e-Invoice in stages in an effort to
enhance the efficiency of Malaysia’s tax administration management.
We wish to inform that in line with the Government’s plan, Zurich
Malaysia* will be implementing e-Invoice effective 1 August 2024.
(*Zurich Malaysia refers to Zurich Life Insurance Malaysia Berhad,
Zurich General Insurance Malaysia Berhad, Zurich Takaful Malaysia
Berhad and Zurich General Takaful Malaysia Berhad)
Kindly be informed that the members of the Insurance Industry
Associations (i.e. LIAM, PIAM, MTA), including Zurich Malaysia, are
granted approval by Inland Revenue Board of Malaysia ("IRBM") to
issue consolidated e-Invoice for all its provision of products and
services and are
not required to issue validated e-Invoice to customers for
individual transactions during the
period of 1 August 2024 to 30 June 2025.
Zurich Malaysia will start issuing validated e-Invoices to customers
for all transactions starting 1 July 2025 onwards.
Based on the latest e-invoicing guidelines as issued by IRBM, we
would like to inform that there is NO requirement for the businesses
/ individuals to obtain validated e-invoices from Zurich Malaysia
for income tax deduction / relief purposes at this juncture.
03-79890345
as
our Principal Insurer
Zurich Financial Services Group
PIAM Reg.
No.
65822-00
