The Lembaga Hasil Dalam Negeri (LHDN) Malaysia has made Malaysia e-Invoice mandatory to be implemented by all businesses, even hawkers are required to implement e-Invoice (except for businesses with annual revenue less than RM150,000).
Businesses with revenue more than RM100 million in the year 2022 will be the first wave to implement the e-Invoice on 1st August 2024. Businesses are required to upgrade their accounting software, infrastructure, change of certain SOPs, such as the sales process, purchase process and staff claims process. LHDN has issued the Software Development Kit (SDK) on 9 February 2024 and there were many amendments since April 2024 to make the kit more comprehensive. In August 2024, many accounting softwares mentioned that their system is ready for e-Invoice validation testing. From 15 May 2024 onwards, LHDN has allowed the pilot projects participants to access the MyInvoice production API environment to submit and manage e-Invoice directly to LHDN using real data to ensure accurate information transmisison. It is different from the Sandbox API environment given by LHDN to the non-pilot comapies, which is just testing (dummy) data only.e-invoice-implementation-strategies-for-the-6-months-relaxation-period
Brochure
Registration Form
— Course Fee: RM 490.00 (Inclusive of 8% Service Tax) —
Module 1: Introduction of e-Invoice
- Background for LHDN to develop e-Invoice system
- Who need to issue e-Invoice and submit to LHDN for validation?
- Transactions and persons exempted from e-Invoice
- Implementation timeline, types of e-Invoice and types of TIN available
- Legislation provision and potential penalty for noncompliance
- Potential sharing of information with other authorities, what will be the impact to business?
Module 2 : e-Invoice Technical and Software Corner
- Highlight on LHDN’s guidelines latest updates
- e-Invoice model and workflow (MyInvois Portal and API)
- How business request for client’s ID and password for validation testing purposes
- Basic technics to assess the accounting software readiness
- Live validation process exercise (subject to participants’ accounting software API readiness)
- Digital Signature
- How to make use of IT to ease the burden in obtaining buyers’ information
Module 3: e-Invoice Specific Scenarios and the Impact to Business Operation Processes
- Consolidated e-Invoice (B2C), its data size limitation and maximum number of e-Invoice per submission
- Self-billed e-Invoice, e.g. mandatory when purchases from overseas or payments made to agents
- Employees claims and employment perquisites and benefits, what are HR’s additional responsibilities?
- Identify the disbursement or reimbursement for validation purposes
- Diferrential between security deposits (refundable) with prepayment for validation purposes
- How to treat the statements or bills on a periodic basis
- Intercompany and intracompany transaction (Transfer pricing)
- Import, export and overseas transactions
- What are consider as foreign income? when to issue eInvoice?
Module 4: Fulfill e-Invoice Required Data Field Information (a simplified implementation kit will be provided)
- Select the classification code for each billing and certain purchases/expenses
- Mandatory or optional field in e-Invoice, credit note, debit note and refund note
- Fill up self-billed e-Invoice data field exercise
Module 5: Simplified e-Invoice Implementation Project Plan
- Group exercise to draft a simplified e-Invoice Implementation project plan
- Discuss on industry specific issues which foreseen during the implementation process
- Segregation of duty among various departments for a success e-Invoice implementation