PREPARING YOUR BUSINESS FOR E-INVOICING IN MALAYSIA: A COMPREHENSIVE GUIDE (1 DAY PROGRAMME)

COURSE OBJECTIVE

At the end of this course, participants shall be able to：

  • Differentiate between traditional invoicing methods and e-invoicing models, identifying the advantages and challenges associated with each.
  • Navigate the regulatory framework governing e-invoicing in Malaysia, ensuring compliance with IRBM requirements and regulations.
  • Implement e-invoicing procedures effectively, including the creation, submission, validation, and sharing of e-invoices, while adhering to mandatory fields and file formats.
  • Assess their organization’s readiness for e-invoicing adoption, identifying areas for improvement and implementing necessary measures for smooth transition.
  • Utilize reporting and dashboard services provided for taxpayers to monitor and analyze e-invoicing transactions, ensuring accurate tax reporting and compliance.
  • Address common concerns and queries regarding e-invoicing through an understanding of the latest FAQs published by IRBM, enhancing confidence and proficiency in e-invoicing practices.

COURSE CONTENT

Session 1: Introduction to E-Invoicing

  • Overview of traditional vs. e-Invoice Model
  • Benefits of e-invoicing for businesses in Malaysia
  • E-Invoice Implementation Timeline
  • Regulatory framework and compliance requirements for e-invoicing in Malaysia

Session 2: Getting Ready for E-Invoicing

  • Transaction Types
  • Scenarios and Types of E-Invoice
  • Exemptions from implementation E-Invoice
  • E-Invoice Model (MyInvois vs API）
  • E-Invoice Procedures and Workflow (Step by Step Guidance)

➔ Creation & Submission of E-Invoice

➔ Validation of E-Invoice

➔ Notification of validated E-Invoice

➔ Sharing of E-Invoice

➔ Rejection or cancellation of E-Invoice

➔ Storing of E-Invoice

➔ Reporting and Dashboard Services for Taxpayers

  • Data Security and Privacy Monitory by IRBM
  • Assessing Readiness of E-Invoice
  • List of Required Fields for E-Invoice
  • List of Mandatory and Optional Fields for E-Invoice
  • Important Application Scenarios and Examples

Session 3: Latest Frequently Asked Questions (FAQ) published by IRBM

TIMETABLE

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