Mastering E-Invoicing : a Comprehensive Guide for Malaysian Business

4.6

Course Objectives

At the end of this course, participants shall be able to:

  • 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 einvoicing in Malaysia, including transaction types, affected parties, scenarios, and exemptions.
  • Familiarize themselves with different e-invoicing models, such as MyInvois and API, and confidently navigate the e-invoicing process through both portals , including the creation, submission, validation, and sharing of einvoices, 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 einvoices.
  • 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

Target Audience

Director, Manager, Executive, Officer

  • 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

Methodology

The training methodology for this comprehensive e-invoicing course is designed to ensure maximum engagement and effectiveness for participants. It incorporates a combination of theoretical knowledge, practical demonstrations, case studies, and hands-on exercises to cater to different learning styles and enhance retention.

Each module begins with a clear and concise overview of the topic, followed by in-depth discussions on key concepts, such as regulatory frameworks, compliance requirements, and implementation timelines. Practical demonstrations provide participants with step-by-step guidance on navigating e-invoicing workflows through both MyInvois and API portals, ensuring they gain practical experience in using these platforms.

Case scenarios and example scenarios are utilized throughout the course to illustrate real-world applications and facilitate understanding. Additionally, interactive sessions encourage active participation and allow participants to ask questions, share experiences, and discuss challenges they may encounter during e-invoicing implementation.

The course culminates in a practical exercise with LHDN E-Invoicing, providing participants with an opportunity to apply their knowledge and skills in asimulated  environment under the guidance of trainer. Overall, the training methodology prioritizes practicality, interactivity, and real-world relevance to ensure participants are well-equipped to master e-invoicing in Malaysia.

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THIS PUBLIC COURSE INCLUDES

*T&C Applies

Course Modules

Module 1

Overview of E-Invoicing

  • Introduction of E-Invoicing
  • Impacts in the current process due to mandatory of E-Invoicing
  • Benefits of E-Invoicing
  • E-Invoice Implementation Timeline
  • Regulatory framework and compliance requirements for E-Invoicing
  1. Transaction Types
  2. Who is affected by E-Invoice?
  3. Scenarios & Types of Invoices
  4. Exemptions from implementing E-Invoice
  • E-Invoice Offence

Module 2

Getting Ready for E-Invoicing

  • E-Invoice Overview Workflow
  • E-Invoice Model (MyInvois vs API)
  • E-Invoice Procedures and Workflow (Step by Step Guidance)
  1. Creation & Submission of E-Invoice
  2. Validation of E-Invoice
  3. Notification of validated E-Invoice
  4. Sharing of E-Invoice
  5. Rejection or cancellation of E-Invoice
  6. Storing of E-Invoice
  7. Reporting and Dashboard Services for Taxpayers
  • Data Security and Privacy Monitory by IRBM
  • Assessing Readiness of E-Invoice
  • List of Required Fields for E-Invoice
  • List of Mandatory and Optional Fields for E-Invoice

Module 3

Transactions with Buyers & Consolidated e-Invoice

  • For buyer requires/does not require for e-Invoice

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)

 

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FREE QUOTATION!

THIS PUBLIC COURSE INCLUDES

*T&C Applies

4.6

  • 63%
  • 31%
  • 6%
  • 0%
  • 0%
  • TW
    Tan Jia Wen
    Executive, Accounting and Finance

    5

  • TY
    TANG KA YAN
    Assistant Manager, Accounting and Finance

    5

  • YS
    Yeo Khai Seong
    Junior Executive, Accounting and Finance

    5

  • NM
    NURWAHIDA BINTI MHD MASTOR
    Junior Executive, Accounting and Finance

    5

    Nice trainer
  • LH
    Lim Lee Huang
    Assistant Manager, Accounting and Finance

    5

  • EA
    Effayushana Binti Che Abas
    Senior Executive, Accounting and Finance

    5

  • ZD
    Zuelliza Daud
    Junior Executive, Accounting and Finance

    5

    The trainer managed to deliver the topic about e-invoicing really well
  • TY
    TAN JIA YEE
    Executive, Accounting and Finance

    5

  • LS
    Latha a/p S.Kasayan
    Junior Executive, Accounting and Finance

    5

  • NA
    NURUL FATIHAH AHMAD
    Junior Executive, Accounting and Finance

    5

  • OS
    ONG KUAT SZE
    Senior Manager, Accounting and Finance

    4

  • KH
    Khoo Hooi Hiong
    Assistant Manager, Accounting and Finance

    4

  • No
    Noor Hafizah binti omar
    Junior Executive, Accounting and Finance

    4

  • NY
    NG JYR YUAN
    Executive, Accounting and Finance

    4

  • TC
    TAN POH CHING
    Junior Executive, Accounting and Finance

    4

  • PC
    Puah Yee Chwok
    Assistant Manager, Accounting and Finance

    3

    So far so good
OF 2Next

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