CPD EVENTS
INTRODUCTION
The Income Tax Act 1967 had introduced the mandatory requirement by all business entities to implement the e-Invoice. The implementation of e-Invoicing is intended to support Malaysia’s digital economy growth and aims to improve the efficiency of business operation and government tax administration.
Understanding the scope of e-Invoice, the technological transmission mechanism will help taxpayer to implement the e-Invoice process more effectively. This event covers both general operational transactions and specific industries transactions for property developers, contractors and related industries.
COURSE OUTLINE
Module 1: Scope of e-Invoice
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What is e-Invoice?
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Benefits to taxpayers
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Type of transactions
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Implementation timeline
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Revenue determinant
Module 2: Type of Exemptions
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Ruler and ruling chief, consort of a ruler, and consular offices and diplomatic
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Government, state government and local authority
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Individual not doing business
Module 3: Transmission Mechanism
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MyInvois Portal
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API-Taxpayer’s system, Peppol and Middleware
Module 4: Type of e-Invoice Transactions
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Invoice
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Credit note, Debit note and Refund Note
Module 5: Required Field
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Party and contact details
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Invoice details & unique ID No.
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Product & service details
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Payment information & additional field
Module 6: General Operational Transactions
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Disbursement & reimbursement
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Perquisites and benefits
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Profit distribution and dividend
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Currency exchange rate
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Cross border transaction
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Foreign income
Module 7: Specific Industries Transactions
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Property Developers
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Contractors
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JMB/MC
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Property Investors and Agents