Mastering E-Invoice:Practical and Implementation Strategy

24 Jan, 2025, CONCORDE HOTEL KUALA LUMPUR

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Dr Wendy Tee has over twenty 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), HRD CORP Accredited Trainer (HRD Corporation) and Certified Advance Human Resource Practitioner (MIHRM). She has undergone intensive academic training in various human development and knowledge improvement.

 

Dr Wendy is actively involved in management training and lecture. Her latest responsibility involves the lecturing of Executive Master Business Administration (EMBA) for Universiti Teknologi (SPACE) and Financial and Investment Degree programs for Tunku Abdul Rahman University of Management & Technology. She has experience managing training programs from local universities, in house training and public seminar training.

 

Dr Wendy is a licenced financial planner currently registered with Malaysian Financial Planning Council (MFPC). Her responsibility involves the corporate training, financial training, management and human resource consultancy, management and financial advisory. Work with individuals to meet short and long-term financial goals, advise clients to have a good command of investments and security planning, estate planning, tax planning, employee benefits planning and insurance planning.

 

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 80 SME companies in Malaysia to get prepared for 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.

 

Dr Wendy now focuses on electronic invoicing corporate training and advisory for Multinational companies and small medium enterprises. She reviews and evaluates current invoicing procedures, process workflow (including internal controls) and related system mechanisms to identify changes and improvements required. She also reviews Standard Operating Procedure (SOP) for e-invoice issuance as well as provide tax advisory and recommendation in relation to e-invoice architecture.

 

Venue Details

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

https://kualalumpur.concorde hotelsresorts.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
  • Module 1: General and Latest Frequently asked questions
  • Module 2: Income Tax (Issuance of Electronic Invoice) Rules
    2024
  • Module 3: Managing Risk, Tax Audits, Data Security and
    Privacy Monitoring of E-Invoicing
  • Module 4: Assessing Readiness of E-Invoice
  • Module 5: Gap Assessment for E-Invoice Implementation
OBJECTIVE

As businesses and taxpayers in Malaysia adopt E-Invoicing starting 1 August 2024, many questions and challenges are emerging. Depending on the nature, size, and complexity of the business, transitioning to new invoicing processes can be complex. Understanding the far-reaching implications of E-Invoicing early on is crucial.

Our comprehensive and up-to-date course provides valuable insights for adopting and implementing E-Invoicing. This course is uniquely designed for a swift rollout, helping you avoid unnecessary complications and pitfalls. Successful implementation of an E-Invoicing system in Malaysia requires a strategic approach, and businesses must gear themselves up for a smooth transition to the new E-Invoicing system. It is crucial for all aspects of implementation issues to be identified and solutions provided in a timely manner.

AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Providing participants with a comprehensive understanding of the Malaysia’s E-Invoicing system, its features, functionalities scope and its
    implications for businesses and taxpayers.
  2. Educating participants about the legal and regulatory frameworks governing E-Invoicing to ensure compliance.
  3. Understanding on how the E-Invoice system integrates with other organizational systems, such as accounting software.
  4. Developing an action plan for the implementation of the E-Invoicing system.
  5. Understanding the role of E-Invoicing in Malaysia’s digital transformation journey.
  6. Getting practical tips for overcoming challenges in E-Invoicing implementation.
WHO SHOULD ATTEND
This course is designed for employees, IT Managers, Account Managers, Directors, 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 training, 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: GENERAL AND LATEST FREQUENTLY ASKED QUESTIONS

  • Scope and process
  • Issues of E-Invoices
  • Validation of E-Invoices
  • Sharing of E-Invoices
  • Adjustments to E-Invoices
  • E-Invoice treatment for certain transactions
  • Transitional period
  • Import and export of goods and services
  • E-Invoice for MSME
  • E-Invoice treatment during interim relaxation points
  • Systems, data security and privacy
10.45

MODULE 2: INCOME TAX (ISSUANCE OF ELECTRONIC INVOICE)
RULES 2024

  • Citation and commencement
  • Issuance of Electronic Invoice
    Particulars in Electronic Invoice
12.00

MODULE 3: 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
1:00 Lunch
2:00

MODULE 4: ASSESSING READINESS OF E-INVOICE

  • The impacts of personnel, resources and process
  • E-Invoicing: Impact on management and operations
  • Preparing for the E-Invoice
  • Best practices for E-Invoicing in Malaysia
3:45

MODULE 5: GAP ASSESSMENT FOR E-INVOICE IMPLEMENTATION

  • Examples of E-Invoicing strategies
  • Key considerations when implementing E-Invoicing
  • Pre and post of the implementation of the E-Invoicing issues
  • Mastering of E-Invoice implementation: Major steps approach made easy
  • Capital allowance benefits
  • Summary of tax incentives / grant in relation to implementation of E-Invoice
5:00 End of Course