Mastering E-Invoicing

17 May, 2024, CONCORDE HOTEL KUALA LUMPUR

IPA Training is Registered with

Learn from the Best

T.THARMASEELAN

Chartered Accountant (M)

Fellow Of The Association Of Chartered Certified Accountant (UK)

MBA (Wales) in Marketing

HRDF certified Trainer

Certificate IV in Training and Assessment (AIM)

 

Tharmaseelan C.A (M), F.C.C.A, MIAE has vast experience in the field of Accounting, Taxation, Internal Control Systems and Finance for almost 25 years in an international accounting firm and local consultancy firms.

 

His career spanned across wide working experience and exposure in Accounting, Taxation, implementing Internal Control Systems and Finance in consultancy firms, a leading hotel in Langkawi and in a leading hotel training college. He has also developed Business, Accountancy and IT Programs with various colleges, and these programs are validated by foreign universities and professional Bodies.

 

He was attached to a medium size audit firm as a Senior Audit Assistant before he moved over to an established international tax company where he held the position as a Tax Senior.He then joined an established professional firm as the Tax Manager where he oversaw the computation, submission and resolving tax issues for clients.

 

His tenure with an established Consultancy as a Senior Consultant gave him the opportunity to designed internal control systems & implemented it.He also advised his clients on compliance with accounting standards and tax regulations.His last position prior to going into practice was as the Associate Director of The Business School where he was responsible for restructuring the Business School and identifying suitable courses and obtaining accreditation from various bodies and universities.

 

He is currently in practice offering his expertise and knowledge to corporate and professional clients, locally and worldwide.His specializations are in designing and setting up of Accounting, Taxation, Finance, Internal Control and Operational Systems as well as in performing Operational Audits.His well-esteemed clients include those in the hospitality, education, manufacturing and service-based industries.

 

As a qualified Accountant, he is actively involved in conducting audit and financial courses. His experience brings him to faraway countries such as Vietnam, Brunei, Singapore, Nepal, Uganda and Rwanda to train Accounting and Financial Professionals. He is currently the principal consultant of his own consultancyfirm and a director of a growing tax and secretarial firm.

 

He is also a regular training facilitator for

1. Malaysian Institute of Accountants

2. Certified Public Accountants of Australia

Venue Details

CONCORDE HOTEL KUALA LUMPUR
2 Jalan Sultan Ismail, 50250 Kuala Lumpur,
Phone : 03 2144 2200

https://kualalumpur.concordehotels resorts.com/

Contact us

Juliany,
03 2283 6109
juliany@ipa.com.my

Phoebe,
03 2283 6100
phoebe@ipa.com.my 

FOR CUSTOMISED IN-HOUSE TRAINING
Jane,
03 2283 6101
Jane@ipa.com.my

ADDRESS 
A-28-5, 28th Floor, Menara UOA Bangsar, 
No.5, Jalan Bangsar Utama 1, 
59000 Kuala Lumpur
www.ipa.com.my

FOCUSING ON
  • Introduction
  • The E-Invoicing Process.
  • E-Invoice models
  • Getting ready
  • Application for Accounting & Other Business Transactions
OVERVIEW

In Malaysia, E-Invoicing is not currently mandatory, but has been possible since 2015. However, written consent or authorization is required to receive electronic invoices. The E-Invoicing initiative is supported by the use of TIN (Tax Identification Number), which was introduced in Malaysia in 2022.

As a next step, Malaysia decided in March 2023 to implement mandatory E-Invoicing to improve service quality and reduce compliance costs for taxpayers while increasing the efficiency of business operations. The Malaysian Tax Office (IRB) has presented a plan for the phased implementation of electronic invoicing, which will be initiated by the launch of a pilot program in 2024 for selected companies. The mandatory exchange of electronic invoices will cover B2G, B2B, and B2C transactions, both domestic and domestic and cross-border, and the model planned by the Malaysian government will be based on CTC connected to the Peppol network.

After the changes made in October 2023, it was finally agreed that the gradual implementation of the obligation would start in August 2024.

AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Getting ready for the evolution of E-Invoicing.
  2. Mastering what E-Invoicing is all about.
  3. Understanding the benefits of E-Invoicing.
  4. Implementing E-Invoicing in your company.
WHO SHOULD ATTEND
  • Directors, CEO, COO and CFOs,
  • Financial Controllers, Accountants & Those Heading the Financial Functions,
  • Company Secretaries, Operational Departmental
    Managers,
  • Executives, Officers and those who wish to
    develop their understanding on financial analysis
  • Any other person who wish to grasp the
    managerial aspects of accounting & finance for corporate financial effectiveness.
METHODOLOGY
Interactive learning session with Course Leader-led facilitation, live Q&As, with Case Studies
COURSE CONTENT
9:00

Introduction

  • Who must comply with E-Invoicing?
  • Types of transactions that E-Invoicing will be applicable.
  • Exemptions from implementing E-Invoice
10.00

The E-Invoicing Process.

  • The different E-Invoicing mechanism.
  • How the E-Invoicing system will work.
  • Types of documentation that is to be digitalised.
  • E-Invoicing submission requirement.
  • Creation and submission of an E-Invoice
  • Reporting and Dashboard Services for Taxpayer
12.00

E-Invoice Models

  • A portal (MyInvois Portal)
  • Application Programming Interface
1:00 Lunch
2:00

Getting Ready

  • Digital certificates
  • Steps involved for issuance of an E-Invoice to Buyer
  • Details to be provided by the individual Buyers for the issuance of E-Invoice.
  • Submission of e invoice and validation process
  • Rejection and cancellation of E-Invoice
  • Correction of errors
4:00

Application For Accounting & Other Business Transactions

  • E-Invoice treatment for:
    a. Reimbursement
    b. Penalties
  • Reimbursement and Disbursements,
  • Penalties
  • Employment Perquisites and Benefits
  • Importation of goods and services
  • Rental or Expenditure incurred from parties exempted from E-Invoice.
  • Commission payments to Agents, Dealers, Distributors (ADD)
  • Interest received from Financial Institutions
5:00 End of Course