E-Invoice : Awareness, Compliance And Implementation Strategy

Course Objectives:

• To provide participants with a comprehensive understanding of the Malaysia's e-invoicing system, its features, functionalities scope and its implications for businesses and taxpayers
• To educate participants about the legal and regulatory frame- works governing e-invoicing to ensure complianceTo understand how the e-invoice system integrates with other organizational systems, such as accounting software
• To develop an action plan for the implementation of the e-invoicing system

Who Should Attend:

• Directors/management
• Managers
• Employees
• Self-employed
• Business owners/partners
• Taxpayers
• Who are interested in understanding and implementing of Malaysia's e-invoice system, its scope and its implications for businesses.

Course Outline:

• Module 1 - Introduction of E-Invoicing in Malaysia
• Malaysian Income Tax Reporting
• Definition of e-invoicing
• Objectives and benefits
• Scenarios and Types of e-Invoices 
• Implementation Time-line
• Exemption from implementing
• Module 2 - Getting Ready & Compliance Strategy
• Understand Regulations and Standards 
• Choose an E-Invoicing Solution
• Integration with Existing Systems
• Staff Training and Support
• Customer and Supplier Onboarding
• Module 3 - Implementation Strategy
• Pre-Submission
• Digital Certificate
•  Taxpayer Identification Number (TIN)
• Creation/Issuance & Submission ? Invoice
• Credit/Debit Note
• Refund
• Validation & Notification 
• Rejection Cancellation
• Storing & Reporting
• Module 4 - Creation / Issuance of e-Invoice Relating to the Various Scenario
• Transactions with buyers
• Statements/Bills on a periodic basis
• Disbursement and reimbursement
• Employment perquisites and benefits
• Expenses incurred by employee on behalf of the employer
• Self-billed e-Invoice
• Payments to agents, dealers or distributor
• Cross-border transactions