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Implementing E Invoicing Including Latest Updates and Strategies

15 Aug, 2024, Remote Online Training - Public

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Venue Details

Remote Online Training - Public


Contact us

FOR COURSE DETAILS

Juliany,

Office: 03 2283 6109

Mobile: +60 122281247

juliany@ipa.com.my

Phoebe,

Office: 03 2283 6100

Mobile: +60 193637822

phoebe@ipa.com.my

Bee Teng,

Office: 03 2282 6112

Mobile: +60 172566121

beeteng@ipa.com.my

FOR CUSTOMISED IN-HOUSE TRAINING

Jane,

Office: 03 2283 6101

Mobile: +60 129418251

jane@ipa.com.my

Keith,

Office: 03 2283 0000

Mobile: +60 162272735

keith@ipa.com.my

ADDRESS

A-28-5, 28th Floor, Menara UOA Bangsar,
No.5, Jalan Bangsar Utama 1,
59000 Kuala Lumpur

FOCUSING ON
  • Module 1: Overview of the E-Invoice Model
  • Module 2: E-Invoice Implementation
  • Module 3: Discussion on E-Invoicing
  • Module 4: Issues Raised (Part 1)
  • Module 5: Issues Raised (Part 2)
  • Module 6: Specific Application
  • Module 7: Strategies Implementation
OBJECTIVES

The primary goal of this course is to help professionals in developing sound financial knowledge to understand the latest E Invoicing.

To support growth of the digital economy, the government intends to implement e-Invoicing in stages in effort to enhance the efficiency of the country’s tax administration management.

The implementation of E-Invoicing will improve the quality of services and reduce compliance costs to taxpayers, while increasing the efficiency of business operations, as was announced by the Ministry of Finance.

AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Understanding Overview of the E-Invoice Model.
  2. Understand E-Invoice Implementation Timeline.
  3. Knowing the Latest updates on E-Invoicing.
WHO SHOULD ATTEND
Accounts Executives, Senior Account Executives, Supervisors, Account Assistants and All Professionals who are interested in “ E Invoicing “
METHODOLOGY

Interactive Lectures, Case Study & Group Discussion.

Special Feature: Participants Will Receive a Set of Practical Templates suitable for all sectors. These templates:
• Ease in planning, reporting & decision-making process
• Snapshot of overall issues & problem

COURSE CONTENT
9:00

MODULE 1: OVERVIEW OF THE E-INVOICE MODEL

  • Introduction E- Invoicing
  • Benefits of E-Invoice
  • Overview of the E-Invoice Model
 

MODULE 2: E-INVOICE IMPLEMENTATION

  • E-Invoice Implementation Timeline
  • E-Invoice Guideline and Catalogue
10.45

MODULE 3: DISCUSSION ON E-INVOICING

  • Is E-Invoice Applicable to Transactions in Malaysia Only?
  • What Are the Thresholds For
    E-Invoice Implementation to Be Applicable to Taxpayers?
  • Are All Industries Included in the E-Invoice Implementation? Are There
    Any Industries Exempted?
  • Will All Businesses Be Required to Issue E-Invoice?
  • Is There Any Adjustment Window Allowed to The Supplier to Cancel an
    Invoice Submitted to IRBM?
  • How Do Taxpayers Issue An E-Invoice to A Non-Tin Holder Such as Foreign
    (Non-Malaysian) Buyers?
  • What Is the Timeframe to Issue E-Invoice Adjustments (i.e., Debit Note
    and Credit Note) After The 72-Hours Validation Period?
  • Prior To Full Implementation, There
    May Be Suppliers Who Do Not Issue E-Invoice as They Have Not Reached
    the Mandatory Implementation Phase / Date. In This Situation, Will IRBM Accept
    Normal Invoices Issued by These Suppliers?
  • Does The MyInvois Portal Allow For E-Invoice to Be Created and Stored in
    Draft Form Prior To Finalisation and Issuance?
  • What Does IRBM Validate in the E-Invoice?
  • Will The Supplier’s Invoice Number Remain in The Invoice Document or Will a Different Invoice Number Be Assigned by IRBM Upon the Return of The
    Validated E-Invoice to The Supplier?
  • In Relation to Acquisition of Goods from Foreign Suppliers, When Will the
    Malaysian Buyers Be Required to Issue a Self-Billed E-Invoice?
12.00

MODULE 4: ISSUES RAISED (PART 1)

  • Disbursement or Reimbursement
  • Employment Perquisites and benefits
  • Certain Expenses incurred by Employee on behalf of the Employer
  • Self – Billed e-Invoice
  • Parties of Self-Billed E-Invoice
  • Transactions which involve payments
    in Monetary Form to Agents, Dealers or Distributors.
  • Cross Border Transactions
  • Profit Distribution (E.g. Dividend Distribution)
  • Consolidated e-invoice
  • Buyer’s Details in Consolidated E-Invoice
1:00 Lunch
2:00

MODULE 5: ISSUES RAISED (PART 2)

  • Proforma deposit
  • 72 hrs dateline
  • Collecting Information from Suppliers & Customers
  • CN, Trade Discount, free sample
  • Transition period
  • P&L Reconciliation
  • Refund Note
  • Delivery vs Billing
  • Bad debts
  • Intercompany Transactions
  • Construction
  • Migrant workers
  • Directors
3:45

MODULE 6: SPECIFIC APPLICATION

  • Cybersecurity
  • List of General Tin
  • Buyer’s Details for Transaction with Individuals
  • Data Security and Privacy Monitoring by IRBM
4:00

MODULE 7: STRATEGIES IMPLEMENTATION

  • Checklist For E Invoicing System
  • Trial Run Environment
5:00 End of Course