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Mastering E-Invoicing: Comprehensive Understanding and Practical Implementation

20-21 Feb, 2025, CAPRI BY FRASER, BUKIT BINTANG

IPA Training is Registered with

Venue Details

CAPRI BY FRASER, BUKIT BINTANG
No 160 Jalan Imbi,Bukit Bintang, 55100 Kuala Lumpur,

https://www.frasershospitality.com/en/malaysia/ kualalumpur/capri-by-fraser- bukit-bintang/


Phone : +603 238 16888

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
  • 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
  • Heads of Department from Human Resources, Administration & IT
  • 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