SHR-115 Comprehensive Guide of E-Invoicing Practices for Malaysia Businesses
Transitioning to e-invoicing in Malaysia poses numerous challenges for businesses. Understanding the regulatory framework and ensuring compliance can be intricate and time-consuming. Assessing the impact on existing processes and gauging readiness for implementation are formidable tasks for many organizations. Moreover, the diverse transaction types and exemption criteria further complicate the adoption process. Many businesses struggle to comprehend the nuances of e-invoicing workflows, leading to uncertainty and potential non-compliance issues. Ensuring data security and privacy monitoring, as mandated by IRBM, adds another layer of concern for businesses seeking successful e-invoicing adoption.
This comprehensive course seeks to address the pressing need for Malaysian businesses to master e-invoicing. By offering a detailed understanding of the regulatory landscape and compliance requirements, participants can navigate the transition with confidence. The course prioritizes compliance assurance, enabling participants to evaluate readiness and adhere to regulatory standards effectively. Proficiency in various transaction scenarios, including interactions with buyers, disbursements, and cross-border transactions, empowers businesses to streamline e-invoicing processes. Ultimately, the course aims to mitigate the risks associated with non-compliance and facilitate a seamless transition to e-invoicing for businesses across Malaysia.
This comprehensive course seeks to address the pressing need for Malaysian businesses to master e-invoicing. By offering a detailed understanding of the regulatory landscape and compliance requirements, participants can navigate the transition with confidence. The course prioritizes compliance assurance, enabling participants to evaluate readiness and adhere to regulatory standards effectively. Proficiency in various transaction scenarios, including interactions with buyers, disbursements, and cross-border transactions, empowers businesses to streamline e-invoicing processes. Ultimately, the course aims to mitigate the risks associated with non-compliance and facilitate a seamless transition to e-invoicing for businesses across Malaysia.
- Explain the fundamental concepts and significance of e-invoicing, including its impact on current business processes and the benefits it offers.
- Navigate the regulatory framework and compliance requirements for e- invoicing in Malaysia, including transaction types, affected parties,
- Familiarize themselves with different e-invoicing models, such as MyInvois portals , including the creation, submission, validation, and sharing of e- and API, and confidently navigate the e-invoicing process through both invoices, while adhering to mandatory fields and file formats.
- Assess their readiness for e-invoicing implementation, including data security and privacy monitoring, and identify the required fields for e- invoices.
- Effectively manage transactions with buyers, including scenarios where buyers require or do not require e-invoices, and handle statements or bills on a periodic basis.
- Illustrate and relate real-life scenarios, demonstrating how E-Invoice requirements can be applied in different business circumstances.
- Get the latest update regarding e-Invoice
- Module 1: Overview of E-Invoicing
- Module 2: Getting Ready for E-Invoicing
- Module 3: Transactions with Buyers
- Module 4: Statements or Bills on a Periodic Basis
- Module 5: Disbursement or Reimbursement
- Module 6: Staff claim - Employment Perquisites and Benefits
- Module 7: Staff claim - Expenses Incurred by Employee on behalf of the Employer
- Module 8: Self-billed e-Invoice: Interest Payment
- Module 9: Self-billed e-Invoice: Payment to Agents, Dealers, Distributors
- Module 10: Self-billed e-Invoice: Transactions with individuals (who are not conducting a business)
- Module 11: Cross Border Transactions (Import & Export)
- Module 12: E-Commerce Transactions
- Module 13: Profit Distribution (eg: Dividend Distribution)
- Module 14: Foreign Income
- Module 15: 6 months Interim Relaxation Period
- Module 16: Latest Frequently Asked Questions (FAQ) published by IRBM
- Module 17: LHDN Latest Update Highlights
- Module 18: Practical Exercise (Individual/Group Hands On Scenario Discussion)
- Finance Department
- Accounting Department
- Taxation Department
- Compliance Officers
- IT Department
- E-Invoice Service Provider
- Software Developer and Organization
- Business Owners
- Procurement Department
- Supply Chain Department
- Auditors
- Legal Counsel
This is a 2-days programme.
This course runs from 9:00am – 5:00pm with an hour for lunch and periodic short breaks.
This is an intensive session designed to include as much discussion as possible. Lunch and breaks provide an opportunity for further questioning and discussion with the instructors.
This course runs from 9:00am – 5:00pm with an hour for lunch and periodic short breaks.
This is an intensive session designed to include as much discussion as possible. Lunch and breaks provide an opportunity for further questioning and discussion with the instructors.
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