Foreign e-commerce platforms to face e-invoicing, must open local offices
KUALA LUMPUR: The Finance Ministry will impose e-invoicing on foreign e-commerce platforms and their vendors, which will have to open offices in Malaysia.
The Finance Ministry in Malaysia plans to enforce e-invoicing on foreign e-commerce platforms and their vendors, compelling them to establish local offices. This move aims to enhance oversight of these foreign entities. Armizan Mohd Ali, the Domestic Trade and Cost of Living Minister, announced this step as a proactive measure during the 2027 Supply Bill discussion in the Dewan Rakyat.
Syed Saddiq Syed Abdul Rahman also inquired about a potential investigation by the Competition Commission into fee hikes by platforms like TikTok Shop, which increased prices following Shopee's actions. The Competition Commission had already reviewed the digital economy, receiving approval from the National Digital Economy and Fourth Industrial Revolution Council after presenting its findings to the Prime Minister.
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