To support the growth of the digital economy, the Government intends to implement e-invoice in stages to enhance the efficiency of Malaysia’s tax administration management. This aligns with the Twelfth Malaysia Plan, where one key focus is strengthening the digital services infrastructure and digitalizing the tax administration. All businesses will be required to issue e-invoices by the phased mandatory implementation timeline based on the business’s annual turnover or revenue threshold.
Course Objectives
Understand the framework of E-invoicing in Malaysia
Understand the implementation of E-invoicing into the business
Understand the integration and process flows in E-invoicing implementation
Learning Outcomes
Upon completion of this program, participant will be able to implement the knowledge of E-Invoicing into their accounting system and businesses.
Course Highlights and Key Takeaways
Concept and process of E-invoicing
E-invoicing guideline – Self-billed E-invoice
Malaysia’s E-invoicing standards and formats
E-invoicing guideline – Transaction with buyers
Case studies relevant to the Hotels and Resort sector
E-invoice guidelines by Inland Revenue Board Malaysia (IRBM)
Legal framework, compliance requirements and timeliness
The Human Resources department: Employment perquisites & benefits, staff claims
Implementation of E-invoice (Planning and preparation strategies, system requirements and integration, design thinking – The challenges with E-invoice implementation.)
Methodology
Lectures with trainer/speaker-led facilitation
Q & A Session, quick polls/surveys
Participant’s feedback on learning outcomes achievement
Course Outline
Module 1 – Introduction to E-invoicing
Overview of E-invoicing in Malaysia
Malaysia’s E-invoicing Standards and formats
Legal Framework, compliance requirements and timeliness
