Implementing E Invoicing Including Latest Updates and Strategies

29 Oct, 2024, Remote Online Training - Public

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Dr Steven Liew is a fellow member of the Chartered Institute of Management Accountants, UK and is a Chartered Accountant by profession. He has an Asia Pacific Executive MBA (for senior executives) from the National University of Singapore and a PhD in international finance with Rushmore University of USA.

 

Dr Liew had worked in private sector companies, ranging from family-run businesses to professionally managing multi-national corporations in South Asia and the ASEAN region. He has accumulated more than 30 years’ working experience in senior financial & operational management positions spearheading the profitability and growth of companies. He has worked for the MBF Finance & its related group of companies over the 10 years period.

 

He is a registered Trainer with the Government Human Resources Development Berhad (Pembangunan Sumber Manusia Berhad). And he is a GST Tax Consultant and has successfully completed the Custom examination.

 

Dr Steven Liew had conducted various seminars for corporate clientele including Association of Credit Management Malaysia, Chartered Institute of Management Accountants, Malaysia Institute of

Management, Malaysia Institute of Accountants, Institute of Bank Bank Malaysia, Nestle, IQPC Worldwide Pte Ltd, Singapore Lexis Nexis, Proton Edar Malaysia,Brunei Investment Agency, Small Medium

Industries Development Corporation , Ministry of Development, Brunei , BICPA Asean Management,

Brunei, Risda Group Of Companies, Sales & Marketing Training Forum, Sri Lanka, Giant Retail Sdn Bhd, Telekom Brunei & Ministry of Foreign Affairs, Malaysia, Sabah Electricity Sdn Bhhd, Bank Islam

Brunei Darussalam. Continental Tyres, Sime Darby Bhd ,Sony Malaysia Sdn Bhd , Perodua Sdn Bhd & Credit Guarantee Corporation (M) Bhd; Fujixerox, UDA Holdings, SPNB, Diners Club, Elk Desa Capital Bhd, Antah Schindler, UCSI & Ministry of Finance; Seccom Sdn Bhd; Bridgestone Chemical Products (M) sdn Bhd; Dialog Group Bhd; SEDCO, KK ; Hosiden Electronics (M) Sdn Bhd; STO Maldives; Indah Water

Consortium Sdn Bhd; CPA Australia (M) Sdn Bhd

 

He is currently providing management consultancy and training specializing in Fast closing monthly, leadership, Strategic Planning, Sales Management, budgeting, accounting, finance, Cost reduction, credit management & loan recovery.

Venue Details

Remote Online Training - Public

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
  • 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