E-Invoice Implementation in Malaysia

26 Sep, 2024, Remote Online Training - Public

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Dr Wendy Tee has over fifteen years of experience in senior management and human resources positions

for diversified industrial and business environments. Graduated with a Doctor of Business Administration

(UUM), Master of Business Administration (UM), Master of Information Technology (UM), Certified Financial

Planner (CFP), Certified Business Coach (UM), Registered Financial Planner (RFP), Certified Trainer (PSMB)

and Certified Advance Human Resource Practitioner (MIHRM), she has undergone intensive academic

training in various human development and knowledge improvement.

 

As a trainer, speaker and consultant, Dr Wendy had spent hundreds of hours in training, speaking and

conducting training related to personal development and performance management over the years.

Her training sessions are enhanced with trainees getting exposure to personal development, improve

service productivity and performance toward productivity. She commits herself towards creating results

in personal excellence and inspiring people to do their best at whatever they do. Her vast experience and

exposure in different industry has given her an in depth understanding training and development needs

which she delivers with passion, performance, positive, integrity and energetic .

 

Dr Wendy is actively involved in management consultancy, management training and research. Her

latest responsibility involves the business coaching, financial training, management consultancy,

Accounting and Financial lecturing of Degree programs for Kolej Universiti Tunku Abdul Rahman . She

has experience managing training programs covering from local universities, in house training and public

seminar training, from designing training needs assessment, developing training materials, monitoring

and tracking of training programs successfulness and implementing training evaluation. Having been

trained as a qualified trainer, her skill and knowledge has been enhanced in operations effectives, fitness

analysis, gap analysis and needs assessments.

 

Dr Wendy is also a Human Resource consultant and certified trainer now appointed from Harrison

Assessment Talent solutions (HATS), Pembangunan Sumber Manuasia Berhad (PSMB) and National

Human Resources Centre (NHRC), providing comprehensive and independent Human Resource advisory

to clients. In addition to consulting with and servicing clients, she is responsible for HR assessment, HR

training, coaching & advisory for the company.

 

Dr Wendy completed and passed her GST and SST exams organized by Chartered Tax Institute of Malaysia

(CTIM) with the cooperation and support from the Royal Malaysian Customs Department (RMC). She has

trained more than 75 SME companies in Malaysia for getting prepared on the post implementation of GST

and SST, mainly dealing with the tax authorities over various indirect tax issues, elements and scope of

indirect tax, cycle and operations, rulings, registration, administration, audit and investigations on behalf

of her clients.

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: Introduction of E-Invoicing
  • Module 2: E-Invoice Model via MyInvois Portal
  • Module 3: E-Invoice Model via API
  • Module 4: Managing Risk, Tax Audits, Data Security and Privacy Monitoring of E-Invoicing
  • Module 5: Assessing Readiness of E-Invoice
OBJECTIVE

On 22 May 2023, the Malaysian Inland Revenue Board (IRB) formally announced that they are targeting 4,000 businesses for the first stage of the new electronic invoicing (e-invoice) system. This is a mandatory enforcement for businesses that reach a sales threshold of RM100m per year. Implementation is slated to commence in June 2024. While we await the IRB's guidelines, we share our understanding of what will potentially be required for Malaysia’s e-invoicing platform and the implementation plans based on our interactions with IRB. We will also share some points to consider in your preparation for your e-invoicing journey.

This course will provide you valuable insights into pivotal shift in business operations. We are presenting a comprehensive course that delves into the latest updates in tax administration, directly impacting businesses and taxpayers.

AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Providing participants with a foundational understanding of Malaysia's e-invoice system, its scope and its implications for businesses and taxpayers.
  2. Recognizing the potential accounting, IT and tax issues that businesses may encounter before and during the implementation of the e-invoice system.
  3. Developing an action plan for the implementation of the e-invoicing system.
WHO SHOULD ATTEND

This course is designed for Employees, Managers, Self-Employed or Business Partners who are interested understanding of Malaysia's e-invoice system, its scope and its implications for businesses and taxpayers.

METHODOLOGY

Interactive lectures, practical exercises & discussion on all relevant aspects and implementation of e-invoicing to ensure participants grasp clearly aspects presented.

COURSE CONTENT
9:00

Module 1: INTRODUCTION of E-invoicing

  • About e-Invoice
  • Recent Developments and Key Trends
  • Benefits of Adopting e-Invoice
  • Transaction Types
  • Scenarios and Types of e-Invoices
  • E-Invoice Implementation Timeline
  • E-Invoice Overview Workflow
  • E-Invoice Modelling


10.45 Module 2:  E-Invoice model via MyInvois Portal
  • Pre-Submission – e-Invoice Submission Requirements
  • Step 1 – Creation and Submission
  • Step 2 – e-Invoice Validation
  • Step 3 – Notification
  • Step 4 – Sharing of e-Invoice
  • Step 5, 6 and 7 – Rejection or Cancellation
  • Step 8 – Storing e-Invoices
  • Step 9 – Reporting and Dashboard Services for Taxpayers 

 

12.00

MODULE 3: E-Invoice model via API

  • Pre-Submission – e-Invoice Submission Requirements
  • Step 1 – Submission
  • Step 2 – e-Invoice Validation
  • Step 3 – Notification
  • Step 4 – Sharing of e-Invoice
  • Step 5, 6 and 7 – Rejection and Cancellation
  • Step 8 – Storing e-Invoices
  • Step 9 – Reporting and Dashboards Services for Taxpayer
  • Software Development Kit (SDK)
1:00 Lunch
2:00

MODULE 4: MANAGING RISK, TAX AUDITS,
                    DATA SECURITY AND PRIVACY

                    MONITORING OF E-INVOCING

  • E- Invoicing: Preparing for digital reporting
  • Managing risk and tax audits
  • What are the big risks businesses will need to consider when implementing e-Invoicing
  • Which parts of business operations need to work together to ensure the seamless administration of e-Invoicing?
  • What is the expanded/new set of internal controls that need to be in place to reduce organizational compliance risks?
  • How can technology be leveraged to be able to manage and comply with the new requirements, and anticipate tax risks deriving from e-Invoices
3:45 Module 5: ASSESSING READINESS OF E-INVOICE
  • The impacts of personnel, resources and  process
  • E-Invoicing: Impact on strategies and operations
  • Examples of e-Invoicing strategies
  • Key considerations when implementing e-Invoicing
  • Pre and post of the implementation of the e-Invoicing system

 

5:00 End of Course