Upcoming Events:
RM54 nett
per participant
Registration: With immediately effect, registration for this sharing session will be STRICTLY VIA ONLINE REGISTRATION ONLY
* Fee includes service tax.
17 April 2025 (9.30am – 12pm)
Wezmart International Berhad – bpoSA360 Digital Workspace
25, Jln Puteri 7/15, Bandar Puteri, 47100 Puchong, Selangor, Malaysia
E-INVOICING INITIATIVE AND TAX IMPLICATION – IMPACT ON BUSINESSES (ENGLISH SPEAKING)
24 April 2025 (9.30am – 12pm)
Wezmart International Berhad – bpoSA360 Digital Workspace
25, Jln Puteri 7/15, Bandar Puteri, 47100 Puchong, Selangor, Malaysia
E-INVOICING INITIATIVE AND TAX IMPLICATION – IMPACT ON BUSINESSES (MANDARIN SPEAKING)
WHAT’S e-INVOICE?
An electronic invoice refers to a payment voucher issued, received, and stored electronically in the process of purchasing and selling goods, providing or accepting services, and conducting other business activities. In the near future, the government will fully implement the electronic invoice system, replacing forms such as paper or electronic documents, such as invoices, return vouchers, and additional expense vouchers.
The implementation of electronic invoices will also have a profound impact on tax management. Through the electronic invoice system, the government can more efficiently supervise the transaction process, reducing the possibility of tax evasion and avoidance. The digital nature of electronic invoice records also enables tax authorities to more easily conduct data analysis and audits to ensure that taxpayers’ tax payments comply with legal requirements.
THE SOLUTIONS
From assessment to implementation
Readiness Assessment
We evaluate your current processes and systems to determine your readiness for e-invoicing and ensure a smooth transition.
Advisory & Process Review
Our experts guide you through e-invoicing regulations and help optimize your processes for compliance and efficiency.
Software & Technologies
We provide the e-invoicing software, technology solutions, and middleware integration tailored to your business needs.
Training & Workshops
We offer hands-on training and workshops to equip your team with the knowledge and skills needed to implement and manage e-invoicing effectively.
Accounting Software
Suitable For: suitable for SMEs that require basic functions, e-commerce integration, or minimal stock management
Suitable For: Larger companies with complex stock management needs, offering advanced features and customization options.
Accounting Software
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A powerful and scalable tool for companies of all sizes. Its modular design lets you add features as you grow, from accounting and inventory to advanced payroll solutions. Handle multi-currency transactions, SST compliance, and customize every aspect to suit your needs.
FAQ e-invoice in Malaysia
What are the scenarios that require an e-invoice to be issued?
Proof of Income
Document is issued whenever a sale or other transaction is made to recognise income of taxpayers
Proof of Expense
Purchases made or other spending by taxpayers.
Includes returns, discounts, and income receipt correction.
Certain circumstances that requires taxpayers to self issue an e-Invoice to document an expense, such as foreign transactions
Exceptions
Employment income, Pension, Alimony, Distribution of dividend in specific circumstances, Zakat, Scholarship
What if Buyer doesn’t need E-Invoice?
The Supplier will issue a normal receipt/ bill/ invoice to the Buyer. Not required for IRBM’s validation as these documents are not e-Invoices.
IRBM allows the Suppliers to consolidate the transactions with Buyers (who do not require an e-Invoice as proof of expenses
What if Supplier didn’t prepare E-Invoice?
Certain circumstances where another party (other than the Supplier) will be allowed to issue a self-billed e-Invoice on behalf of Supplier.
Where a Buyer is required to issue a self-billed e-Invoice, the Buyer will assume the role of the Supplier to be the issuer of e-Invoice and submits it to IRBM for validation. Upon validation, Buyer would be able to use the validated e-Invoice as a proof of expense for tax purposes.
What are the consequences for failure to issue e-Invoice?
Failure to issue e-Invoice is an offence under Section 120(1)(d) of the Income Tax Act 1967
not exceeding 6 months or both, for each non-compliance.
Are Malaysian buyers required to include the import duty and/or sales tax levied by the RMCD upon customs clearance on imported goods when issuing self-billed e-Invoice?
No, Malaysian buyers are not required to include the duties and/or taxes levied by the RMCD in
the self-billed e-Invoice.
Are taxpayers allowed to continue claiming for tax deduction / personal tax relief without an e-Invoice?
Yes, taxpayers can continue to claim tax deductions or personal tax relief using existing
documentation until such time the legislation has been amended.
Streamline Your E-Invoice With Us
E-Invoicing Readiness Assessment + Advisory
Our E-Invoicing Readiness Assessment & Advisory service ensures a seamless shift by evaluating your current processes, people, and technology to determine e-Invoice compatibility. We begin with a comprehensive checklist to assess your readiness, followed by a personalized briefing covering key aspects such as e-Invoicing fundamentals, tax implications, and a dedicated Q&A session to address your concerns. Let us simplify your transition with expert guidance—ensuring compliance while optimizing your workflow. Get in touch today to future-proof your business!
Accounting Software
To further simplify e-Invoicing submission, we provide AutoCount Accounting Software and SQL Accounting Software, both fully integrated with LHDN’s e-Invoicing system to ensure seamless compliance. These powerful solutions automate invoicing, eliminate manual errors, and streamline financial management—giving you peace of mind that your e-Invoices are submitted without issues. Let us help you transition smoothly with expert guidance and the right technology. Get in touch today to future-proof your business!
CONTACT US
Get in touch with us
A Quick Comparison
Digital Invoice vs E-Invoice
Digital Invoice
A digital invoice is any invoice in electronic format, such as PDFs, Excel files, or scanned copies. It is manually sent via email or other channels and does not require real-time validation. While convenient, it often requires manual processing, making it prone to errors and compliance issues.
E-Invoice
An e-invoice follows a structured format (XML/JSON) and is electronically transmitted through a government-approved system. It requires validation by tax authorities, ensuring compliance with legal standards. E-invoices integrate with accounting systems, enabling automation, security, and accuracy, making them mandatory in many countries for tax reporting.
Implementation Period
When it starts?
Workflow Overview
How does it work?
Model Overview
Overview of e-Invoice Model
Myinvois Portal
- A portal hosted by IRBM
- Accessible to all taxpayers at no cost
- Also accessible to taxpayers who need to issue e-Invoice where Application Programming Interface (API) connection is unavailable
Application Programming Interface (API)
- An API is a set of programming code that enables direct data transmission between the taxpayers’ system and MyInvois system
- Requires upfront investment in technology and adjustments to taxpayers’ existing systems
- Ideal for large taxpayers or businesses with substantial transaction volumes
- The figure below demonstrates an overview of the e-Invoice workflow from the point a sale is made or transaction is undertaken, and an e-Invoice is issued by the supplier via MyInvois Portal or API, up to the point of storing validated e-Invoices on IRBM’s database for taxpayers to view their respective historical e-Invoices.
- Automates the e-Invoice submission process, reducing manual work.
- Suitable for businesses of all sizes, from SMEs to large corporations.
- Stores validated e-Invoices for future reference and audit purposes.
