It’s vital time for the Micro, Small, and Medium Enterprises (MSMEs) to start their e-Invoice journey! They need to determine whether to utilize the Myinvois Portal or accounting software for e-Invoice submission. MSMEs with annual revenues between RM500,000 and RM25,000,000 will enter Phase 3 on July 1, 2025. Many MSMEs have yet to digitize their invoicing processes and express concerns regarding their unfamiliarity with the system. They worried that stepping into the digital invoicing era might lead to compliance issues and potential penalties in the future.
The Lembaga Hasil Dalam Negeri Malaysia (LHDNM) has rolled out three types of e-Invoice submissions: i.e. transactional e-Invoice, consolidated e-Invoice, and self-billed e-Invoice. However, MSMEs are still scratching their heads about which type of e-Invoice to submit in different scenarios, especially since the whole process is done through a system.
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— Course Fee: RM 960.00 (Inclusive of 8% Service Tax) —
Module 1: Introduction
- Background for LHDN to develop e-Invoice system and implementation timeline
- E-invoice validation rules
- Types of e-Invoices
- Format and value of mandatory or optional fields in invoice, credit note, debit note and refund note
Module 2: Function of Myinvois Portal (Live Demo)
- e-Invoice model and workflow (MyInvois Portal and API)
- How to activate Myinvois Portal and appoint representatives
- How to issue transactional e-Invoice, credit note, debit note and refund note
- Cancellation, rejection and batch submission functions
Module 3: Practical Usage Scenarios in Myinvois Portal (Live Demo)
- Practical scenarios on issuance of self-billed e-Invoice and consolidated e-Invoice
- Search Tax Identification Number (TIN) and historical e-Invoice documents
- E-invoice notifications settings
- Shortfall of dependent only on Myinvois Portal, e.g. storage issues
Module 4: Function of Accounting Software and the Practical Usage Scenarios (Live Demo)
- Software readiness assessment
- How to add intermediaries/ register ERP
- Basic functions of e-Invoice submissions
- Practical e-Invoice issues when using accounting software
- Advance functions to ease e-Invoice submissions
Module 5: Latest e-Invoice Updates and implementation
- Latest updates in e-Invoice guidelines and frequent asked questions
- Step by step approach using KAC’s copyright implementation kit
- Q&A session