e-Invoice Post Implementation Review

About Course

E-Invoice was implemented on 1^st August 2024 for businesses with revenue above RM100 million and 1^st January 2025 for businesses with revenue ranging from RM25 million to RM 100 million. e-Invoice is a transaction base and self-compliance tax system, i.e. e-Invoice may need to be issued for each transaction or monthly consolidated method.

Hence, the impact on businesses can be major if you are not well prepared to ensure your e-Invoices issued and validated are compliant.

Companies should start to review their e-Invoice processes, check the timing of issuance and validation and relook the data submitted to LHDN. Heavy penalties are imposed upon failure to comply with the e-Invoice rules and regulations.

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— Course Fee: RM 1,290.00 (Inclusive of 8% Service Tax) —

Understand the e-Invoice review methodology
Determine the correct types of e-Invoices being issued and validated.
Identified the expenses or transactions in the Company that required self-billed e-Invoice
Checking the timing for issuance of self-billed e-Invoice
Going through the mandatory data field and optional data field which have been submitted to LHDN
Accounting adjustments that may have impacted e-Invoice
Possible wrong treatment of transitional issues, e.g. the six-month interim relaxation period
Staff claims and employee benefits treatment, review of company policy
Analyse the disbursement and reimbursement claim
Deposits, prepayments and other payment arrangements
Assign roles and responsibilities to company employees to continue e-Invoice compliance in the company

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