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Overview
LHDNM agreed webinar
HRD Corp Claimable Course (T&C applies*)
Download flyer and registration form
Webinar sessions:
Session 1: 9:00am 12:00pm;
Session 2: 2:00pm 5:00pm
The Malaysian government has implemented e-invoicing for taxpayers with an annual turnover of more than RM100m on 1 August 2024; for taxpayers with turnover of more than RM25 million until RM100 million from 1 January 2025. Phase 3 involves taxpayers with turnover of more than RM5 million to RM25 million and will implement in July 2025. Taxpayers with an annual turnover or revenue of more than RM1 million and up to RM5 million will start from 1 January 2026 and finally, taxpayers with an annual turnover or revenue of up to RM1 million will start from 1 July 2026.
Taxpayers with annual revenue of below RM500,000 are exempted from issuing e-invoices.
To ensure the smooth implementation of e-Invoicing, the government has agreed to provide a relaxation period for taxpayers for six (6) months from the mandatory implementation date of e-Invoicing to issue consolidated e-Invoices for all transactions
This webinar will help learners gain a clear understanding of the e-invoicing system, its guidelines and the processes involved.
Key topics covered:
- What is meant by e-invoicing?
- Information required on the e-invoice
- Scenarios that require e-invoicing to be issued - Proof of income and payment
- Circumstances where the buyer issues a self-billed e-invoice on behalf of the supplier - What is meant by self-billed e-invoice and why is there a need to issue the self-billed e-invoice?
- Determination of annual sales value to determine the date of implementation of e-invoicing
- Types of e-invoices
- Overview of e-invoice workflow
- Submissions through MyInvois Portal of the Inland Revenue Board (IRB) and APIs (application programming interface) - Direct integration / Integration through middleware
- Issuance of consolidated e-invoice
- Industry specific e-invoicing issues
- Examples and case studies
Presenter:
Harvindar Singh A/L Chanan Singh
Harvindar was attached to the firms of PwC and EY as a tax consultant and is currently the Managing Partner of Harvey & Associates, a boutique firm that specialises in taxation consulting services as well as the Tax Partner in SCS Global Consulting (M) Sdn Bhd. He has more than 32 years of experience in the field of taxation. He is currently serving as the Chairman of the Editorial Board of the Budget Commentary and Tax Information Booklet. Harvindar has extensive experience in taxation advisory, transfer pricing documentation preparation, tax planning as well as tax audits and investigations and he serves as a Tax Specialist to numerous corporate entities.
