Document background
The Commercial Invoice And Tax Invoice is a fundamental business document required for all taxable transactions in Malaysia. It serves dual purposes: as a commercial document evidencing the sale of goods or services, and as an official tax document complying with Malaysian SST requirements. The document is mandatory for businesses registered under Malaysian tax legislation and must be issued for transactions exceeding specified thresholds. It contains crucial information including seller's and buyer's details, tax registration numbers, detailed description of goods or services, tax calculations, and payment terms. This document type is essential for businesses to maintain compliance with Malaysian tax authorities, facilitate business transactions, and maintain proper financial records. It's particularly important for audit trails, tax reporting, and establishing the legitimacy of business transactions under Malaysian law.
