Mastering E-Invoicing: Comprehensive Understanding and Practical Implementation

25-26 Nov, 2024, CONCORDE HOTEL KUALA LUMPUR

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Learn from the Best

MR. POOBALAN TANA SHINGAM brings over 21 years of extensive experience in accounting, auditing, taxation, and financial management. He holds a Master’s in Finance from the University of Sarawak, Malaysia (UNIMAS), and a Bachelor’s in Accountancy (Hons) from the University of Malaya (UM). As a Chartered Accountant (CA) accredited by the Malaysian Institute of Accountants (MIA), Mr. Balan is also a licensed Company Secretary and a certified HRDF Trainer for the “Train the Trainer” (TTT) program.

 

Starting his career as an Audit Assistant at B.L Tan & Co., Mr. Balan quickly advanced to become an Audit and Tax Manager. His passion for education led him to Inti International College, Subang Jaya, where he excelled as a lecturer in Accounting, Auditing, and Finance, later becoming the Head of Programs for multiple degree and diploma courses. Currently, he serves as the Group Financial Controller at Pets Corner Sdn. Bhd., under the Medivet Group of Companies.

 

Mr Balan rich background in the training industry includes developing and conducting a wide range of training programmes across Malaysia on Accounting, Auditing, Management Accounting, Taxation, Finance and Financial Management, Effective Way For Hardcore Debt Collection, Budgeting and Cost Control , Project Risk & Supervisory in Malaysia. He also collaborates with Authorities such as Lembaga Hasil Dalam Negeri (LHDN), Royal Malaysian Customs Department (RMCD) and others.

 

Apart from Malaysia, he has also conducted training programmes in Asia such as India and Taiwan and also ASEAN region such as Singapore & Thailand (Globalization), (Introduction of Accounting for simple understanding) and (Introduction to Auditing).

 

In addition to his training endeavours, Mr. Balan has contributed significantly to academia, notably with his PhD research proposal on the Shadow Economy. He has also successfully implemented and led several specialized training sessions on Computerized Accounting Software.

 

Join our E-Invoice course to gain insights from Mr. Balan’s vast knowledge and practical experience and stay ahead in the fast-evolving world of digital finance.

Venue Details

CONCORDE HOTEL KUALA LUMPUR
2 Jalan Sultan Ismail, 50250, Kuala Lumpur, Malaysia,
Phone : +603 2144 2200

https://kualalumpur.concordehotelsresorts.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
  • Preparing For E-Invoicing
  • MyInvois Portal (Testing Environment (User Guide)

ALERT: NON-COMPLIANCE WITH E-INVOICING REGULATIONS CAN RESULT IN PENALTIES OF UP TO RM 20,000 OR 6-MONTHS IMPRISONMENT (OR BOTH)!

OVERVIEW

ALERT: NON-COMPLIANCE WITH E-INVOICING REGULATIONS CAN RESULT IN PENALTIES OF UP TO RM 20,000 OR 6-MONTHS IMPRISONMENT (OR BOTH)!

To support growth of the digital economy, the Malaysian Government intends to implement E-Invoicing in stages in effort to enhance the efficiency and betterment of the country’s tax administration management.

The implementation of E-Invoicing is to 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. Mastering what E-Invoicing is all about.
  2. Learning The E-Invoicing rules in Malaysia.
  3. Obtaining the benefits of E-Invoicing.
  4. Mastering the E-Invoicing process description.
  5. Knowing E-Invoice implementation timeline.
  6. Learning the Impact of E-Invoicing on strategies and operations.
  7. Obtaining the Latest Updates on E-Invoicing.
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

  • Introduction of E-Invoicing (Overview)
  • E-Invoicing Rules in Malaysia
    - Benefits of E-Invoicing
10.45

THE E-INVOICING PROCESS

  • E-Invoice New Implementation Timeline
  • E-Invoicing: Impact on Strategies and Operations
  • Updated: Required Fields for E-Invoice
    - Updated: Transactions with Buyers (3 Scenarios)
  • What Is the impact on your business and how to manage the conversion
  • Process when moving to E-Invoice conversion? Together with API
  • How E-Invoicing affects your accounting and tax compliance
1:00 Lunch
2:00
  • Updated: 4 Key Scenarios to Demonstrate
    the Application
  • Updated: Disbursement or Reimbursement
    - Update: Employment Pre-requisites and Benefits
3:45
  • Updated: Self Billed E-Invoice
  • Updated: Cross-border Transactions
    - Digitalised Your Accounts
  • Preview of E-Invoicing and invoice workflow
5:00 End of Day 1
DAY 2
9:00

PREPARING FOR E-INVOICING (Q&A partially)

  • Is your business ready for the new E-Invoicing regulations?
  • What is E-Invoicing?
  • Discuss E-Invoicing requirements based on IRB’s e-invoicing guidelines
10.45

PREPARING FOR E-INVOICING (cont.)

  • Concept and procedure of E-Invoicing and invoice workflow
  • Issuance of E-Invoice
  • Validation of E-Invoice
  • Notification of validated E-Invoice
  • Sharing of E-Invoice
  • Rejection or cancellation of E-Invoice
12:30 Lunch
1:30

PREPARING FOR E-INVOICING (CONT)

  • Check E-Invoice via Mylnvois Portal (preview)
  • What Is the impact on your business
    and how to manage the conversion
  • Process when moving to E-Invoice conversion?
  • How E-Invoicing affects your accounting and tax compliance
  • MyTax (Director) and appointment of Company Representative
  • MyInvois Portal (Testing Environment (User Guide)
    - Concept and procedure of E-Invoicing and invoice workflow
    - Issuance of E-Invoice
    - Validation of E-Invoice
    - Notification of validated E-Invoice
    - Sharing of E-Invoice
    - Rejection or cancellation of E-Invoice
3:45

MYINVOIS PORTAL (TESTING ENVIRONMENT (USER GUIDE))

  • Check E-Invoice via Mylnvois Portal (preview)
    (User and Taxpayer Management, User
    Representative Management, View and
    Manage ERP, Intermediary Representative
    Permissions, View and Register ERP, Manage ERP, Add and Manage Intermediary)
  • Issue Document (Issue e-Invoice
    Document, E-CN, E-DN, E-Refund Note,
    Self-Billed E-Invoice, Self-Billed E-CN, Self- Billed E-RN, Issue of Consolidated E-Invoice
  • View Documents (View Recent Documents, View Documents Details, View Recent
    Submissions, View Submission Details, and
    Share Documents to Anonymous User via Public Link)
  • Reject Documents
  • Cancel Documents
  • Print Documents
5:00 End of Course