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E-Invoicing Masterclass

18-19 Dec, 2024, Wyndham Grand Bangsar Kuala Lumpur

IPA Training is Registered with

Venue Details

Wyndham Grand Bangsar Kuala Lumpur
No 1, Jalan Pantai Jaya, Tower 3, 59200 Kuala Lumpur, - 59200

https://wyndhamgrand bangsarkl.com.my/


Phone : (603) 2298 1888
Fax : (603) 2298 1999

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
  • Introduction
  • The E-Invoicing Process
  • E- Invoicing Documentation
  • Required Fields
  • Codes Used In E-Invoicing
  • Application For Accounting & Other Business Transactions
  • Overview Of The E Invoice Portal And Registration
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- INVOICING DOCUMENTATION

  • Types Of Invoices
  • Credit Notes
  • Debit Notes
  • Refund Notes
  • Adjustments
  • Correction Of Errors
5:00 End of Day 1
DAY 2
9:00

E- INVOICING DOCUMENTATION (cont.)

  • a) Transactional E-Invoices
    • Industries where transactional E-Invoices are compulsory
    • Situations where E-Invoices must be issued
    b) Consolidated E-Invoices
    • When consolidate e invoices can be issued
    • Types of documentation that can be consolidated
    c) Self-billed E-Invoices
    • Situations when self- billed E-Invoices are allowed.


10.45

REQUIRED FIELDS

  • a) List Of Required Fields For E-Invoice
    • Compulsory Fields
    • Optional Fields
    b) Buyers Details In A Consolidate E-Invoice
    c) Buyer’s Details For Transaction With Individuals
 

CODES USED IN E-INVOICING

  • Classification codes
  • Country codes
  • Currency codes
  • E- Invoice codes
  • MSIC Codes
  • Payment codes
  • State codes
  • Tax type codes
  • Unit of measurement codes
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
  OVERVIEW OF THE E-INVOICE PORTAL AND REGISTRATION
5:00 End of Course