Implementation of e-Invoicing in Malaysia

INTRODUCTION

The Malaysian government has implemented e-invoicing for taxpayers with an annual turnover of more than RM100m on 1 August 2024; for taxpayers with turnover of more than RM25 million until RM100 million will be from 1 January 2025; and from 1 July 2025 there will be mandatory implementation for all other taxpayers. To ensure the smooth implementation of e-Invoicing, the government has agreed to provide a relaxation period for taxpayers for six (6) months from the mandatory implementation date of e-Invoicing to issue consolidated e-Invoices for all transactions This course will help the participants gain a good understanding of the e-invoicing system, the guidelines on e-invoicing and the processes involved in e-invoicing.

COURSE OUTLINE

• What is meant by e-invoicing

• Information required on the e-invoice

• Scenarios that require e-invoicing to be issued – Proof of income and payment

• Circumstances where the buyer issues a self-billed e- invoice on behalf of the supplier – What is meant by “self – billed” e-invoice and why is there a need to issue the self-billed e-invoice

• Determination of annual sales value to determine date of implementation of e-invoicing

• Types of e-invoices

• Overview of e-invoice workflow

• What is meant by “validation” of e-invoice

• MyInvois Portal of the Inland Revenue Board and APIs (application programming interface) – Direct integration / Integration through middleware

• Issuance of consolidated e-invoice