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Mastering E-Invoicing

12 Feb, 2025, CONCORDE HOTEL KUALA LUMPUR

IPA Training is Registered with

Venue Details

CONCORDE HOTEL KUALA LUMPUR
2, Jalan Sultan Ismail,, 50250 Kuala Lumpur, - 50250

https://kualalumpur.concorde hotelsresorts.com/


Phone : (603) 2144 2200

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

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-Invoice models
  • 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 by the use of 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. Getting ready for the evolution of E-Invoicing.
  2. Mastering what E-Invoicing is all about.
  3. Understanding the benefits of E-Invoicing.
  4. Implementing E-Invoicing in your company.
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 wish 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
COURSE CONTENT
9:00

Introduction

  • Who must comply with E-Invoicing?
  • Types of transactions that E-Invoicing will be applicable.
  • Exemptions from implementing E-Invoice
10.00

The E-Invoicing Process.

  • The different E-Invoicing mechanism.
  • How the E-Invoicing system will work.
  • Types of documentation that is to be digitalised.
  • E-Invoicing submission requirement.
  • Creation and submission of an E-Invoice
  • Reporting and Dashboard Services for Taxpayer
12.00

E-Invoice Models

  • A portal (MyInvois Portal)
  • Application Programming Interface
1:00 Lunch
2:00

Getting Ready

  • Digital certificates
  • Steps involved for issuance of an E-Invoice to Buyer
  • Details to be provided by the individual Buyers for the issuance of E-Invoice.
  • Submission of e invoice and validation process
  • Rejection and cancellation of E-Invoice
  • Correction of errors
4:00

Application For Accounting & Other Business Transactions

  • E-Invoice treatment for:
    a. Reimbursement
    b. Penalties
  • 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