In the domain of Document AI, parsing semi-structured image form is a crucial Key Information Extraction (KIE) task. The advent of pre-trained multimodal models significantly empowers Document AI frameworks to extract key information from form documents in different formats such as PDF, Word, and images. Nonetheless, form parsing is still encumbered by notable challenges like subpar capabilities in multilingual parsing and diminished recall in industrial contexts in rich text and rich visuals. In this work, we introduce a simple but effective Multimodal and Multilingual semi-structured FORM PARSER (XFormParser), which is anchored on a comprehensive Transformer-based pre-trained language model and innovatively amalgamates semantic entity recognition (SER) and relation extraction (RE) into a unified framework. Combined with Bi-LSTM, the performance of multilingual parsing is significantly improved. Furthermore, we develop InDFormSFT, a pioneering supervised fine-tuning (SFT) industrial dataset that specifically addresses the parsing needs of forms in a variety of industrial contexts. Through rigorous testing on established benchmarks, XFormParser has demonstrated its unparalleled effectiveness and robustness. Compared to existing state-of-the-art (SOTA) models, XFormParser notably achieves up to 1.79% F1 score improvement on RE tasks in language-specific settings. It also exhibits exceptional improvements in cross-task performance in both multilingual and zero-shot settings.