E-invoicing Implementation : A Practical Guide for Malaysian Companies

Course Objectives

• Understand what is e-Invoicing
• Be aware of the timeline set by the Government
• Evaluate their current situation and take appropriate steps to get ready for e-Invoicing
• Generate and obtain LHDN validation of e-invoices using MyInvois Portal
• Understand how e-invoicing will impact each staff’s job functions
• Understanding the role of staff members especially in Accounting and IT in ensuring the smooth implementation of e-Invoicing

Target Audience

This course is suitable for all staff and management who require a good understanding of e-invoicing. Business owners are also encouraged to attend this course.

Methodology

• Lectures
• Discussions
• Q & A and review questions

Course Modules

MODULE 1 : Introduction

• What is e-Invoicing?
• Why implement e-Invoicing?
• Benefits to companies
• Implementation timeline
• Challenges to companies
• E-Invoicing catalogue
• Types of transactions that are covered
• Who must implement e-Invoicing?
• Who is exempted?
• Types of e-Invoices
• Situations that do not require an e-Invoice
• E-Invoicing overview and workflow
• Items from LHDN that must be on a validated e-invoice
• Centralized pre-clearance model

MODULE 2 : Transmission mechanism for e-invoice to LHDN for validation

• 55 fields in an e-Invoice
• Mandatory and optional fields
• Buyer information required
• Formats required for transmission
• What does LHD check after submission of e-invoices
• Steps from submission to validation of an e-invoice
• Using MyInvois Portal to generate and validate E-Invoices

Q & A and review questions

MODULE 3 : Transactions with consumers (B2C) – 2 scenarios

• Consolidated e-Invoice and information requirements
• Methods of consolidation that are allowed
• Avenues for issuing E-invoices for B2C transactions
• E-invoice size limitations placed on LHDN’s MyInvois System
• When is consolidated e-invoice not allowed?
• E-invoice for periodic statements or bills
• Disbursement and reimbursement
• Employment prerequisite and benefits and concessions
• What is Self-billed Invoice and when is it Required?
• Cross border transactions
• Foreign income
• E-invoicing for e-commerce transactions
• Getting Prepared now

Q & A and review questions