E-Invoicing Masterclass

21-22 Oct, 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 consultancy firm 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, Malaysia,
Phone : +603 2144 2200

https://kualalumpur.concorde hotelsresorts.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
  • The E-Invoicing Workflow Detailed
  • 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 using 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. Mastering what E-Invoicing is all about.
  2. Learning the benefits of E-Invoicing.
  3. Getting ready for the evolution of E-Invoicing.
  4. Implementing E-Invoicing in your company.
  5. Being able to manage exceptions.
  6. Getting a feel of the My Invoice Portal
  7. Applying the benefits of the 6 months moratorium
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 wishes 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.
DAY 1
9:00

INTRODUCTION

  • What is an E-Invoicing?
  • Who must comply with E-Invoicing?
  • When will your company be impacted?
  • Benefits of E-Invoicing
  • Types of transactions that E-Invoicing will be applicable
  • When will E-Invoicing be required
  • When will E-Invoicing is not required
  • Exemptions from implementing E-Invoice
  • Impact of E-Invoicing 6 months moratorium


10.45

THE E-INVOICING PROCESS

  • The different E-Invoicing mechanism.
  • How the E-Invoicing system will work.
  • Types of documentation that is to be digitalized.
  • E-Invoicing submission requirement.
  • Creation and submission of an E-Invoice
  • E-Invoice validation
  • Reporting and Dashboard Services for Taxpayer
  • Transactional E-Invoice
  • Consolidated E-Invoices
1:00 Lunch
2:00

E-INVOICE MODELS

  • A portal (MyInvois Portal)
  • Overview of My Invoice Portal
  • Application Programming Interface
5:00 End of Day 1
DAY 2
9:00

THE E-INVOICING WORKFLOW DETAILED

  • Issuing and Validating E-Invoices
  • Handling E-Invoice Exceptions
  • E-Invoice Management


10.45

GETTING READY

  • Digital certificates
  • Tax identification number
  • Steps involved for issuance of an E-Invoice to Buyer
  • Details to be provided by the individual Buyers for the issuance of E-Invoice
  • Where the Buyer does not require an E-Invoice
  • Submission of E-Invoice and validation process
  • Rejection and cancellation of E-Invoice
  • Correction of errors
1:00 Lunch
2:00

APPLICATION FOR ACCOUNTING & OTHER BUSINESS TRANSACTIONS

  • E-Invoice treatment for:
  • 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