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Malaysia’s E-invoice: Preparing for Mandatory Implementation

HRD Corp Programme Number :10001408690 

INTRODUCTION

In order to support the growth of the digital economy, the Malaysian Madani Government intends to implement e-Invoice in stages in an effort to enhance the efficiency and betterment of the country’s tax administration management. The introduction of e-Invoice aims to enable near real-time validation and storage of transactions, covering Business-to-Business (B2B), Business-to-Consumer (B2C), and Business-to-Government (B2G) transactions. The implementation of e-Invoice is expected to improve the quality of services and thus reduce the  compliance costs to taxpayers. At the same time,  businesses operation accuracy, efficiency and productivity will see further improvement.

IMPLEMENTATION TIMELINE

As announced in the Budget 2024, E-Invoice will be implemented in phases effective 1st August 2024, based on businesses’ annual revenue or turnover thresholds. By 1st July 2025, all businesses, regardless of size, must issue e-Invoices. Thus ensuring that organisations software is compatible and ready for integration is crucial for full compliance.

 

Download Brochure and Registration From from HERE

Training Date :
29th May 2024 (Dorsett Grand Subang, Subang Jaya, Selangor, Malaysia)
27th June 2024 (Wanfah Centre, SHAH ALAM, Selangor, Malaysia)
24th July 2024 (Hotel Armada Petaling Jaya, Selangor, Malaysia)
14th August 2024 (Dorsett Grand Subang, Subang Jaya, Selangor, Malaysia)
6th September 2024 (Wanfah Centre, SHAH ALAM, Selangor, Malaysia)
2nd October 2024 (Hotel Armada Petaling Jaya, Selangor, Malaysia)
30th October 2024 (Dorsett Grand Subang, Subang Jaya, Selangor, Malaysia)
29th November 2024 (Wanfah Centre, SHAH ALAM, Selangor, Malaysia)
24th December 2024 (Hotel Armada Petaling Jaya, Selangor, Malaysia)

COURSE OBJECTIVES

After completing this course, participants will be able to understand and know the following:

  • Understand what is E-Invoice and E-Invoicing
  • The E-Invoice rules in Malaysia
  • Benefits of E-Invoicing
  • E-Invoicing process description
  • E-Invoice implementation timeline
  • E-Invoicing: Impact on strategies and operation
  • Latest Updates

WHO SHOULD ATTEND

E-Invoice is affecting every one be it businesses or consumers.  Thus, all Malaysia residents including visitors to Malaysia will need to understand Malaysia’s E-invoice. The following persons should be familiar about Malaysia’s E-Invoice as they are directly involved in the E-invoicing process :

  • Finance professionals – CFO, Finance Managers, Accountants, Tax Specialists, Financial Analysts, Finance Executives
  • Business owners – Entrepreneurs, Sole Proprietors, Directors, Company Secretary, Partners and Associates
  • Supply Chain – Procurement Managers, Logistic Managers, Procurement Officers, Sales Personnels, Administrators

METHODOLODY

Combination of lecture, presentation, group  discussion, interactive participation and Case Studies.

COURSE CONTENT

Module 1 Introduction to E-Invoicing

  • Overview of E-Invoice rules in Malaysia

  • Benefits of adopting e-invoice

  • Legal Framework, compliance requirements and timeline

  • Types of E-Invoices

  • Exempted Persons

Module 2 Implementing E-Invoicing

  • IRB E-invoice Process workflow

  • E-invoice Models

-Planning and preparation strategies

  • System requirements and integration

  • Integration with existing systems and processes

  • Case studies of transactions with different buyers

  • Consolidated E-invoices

  • Statement or Bills on a Periodic Basis

  • Disbursement and reimbursement

-Employment Perquisites and Benefits

  • Certain Expenses incurred by Employees on behalf of the Employer

Module 3 Miscellaneous

  • Self-billed E-invoice

  • Cross Border Transactions

  • Profit Distribution

  • Foreign Income

  • Currency Exchange Rate

  • E-commerce Transactions

Module 4 E-Invoicing Latest Update and Security

  • List of Required Fields for E-invoice

  • Latest guideline and update on E-Invoice

  • Data Security and Privacy

Download the course content in pdf from HERE

FACILITATOR

training provider malaysia, training programs, HRDF training provider , HRDF, training and development, employee training and development, human resource development, HR Training, train the trainer, corporate training, sales programmes, leadership programmes, effective business writing, coaching and mentoring, employee training, self improvement skills, employee development, staff training, finance for non finance managers, finance and accounting training courses in malaysia

Mr. Tan Chee Wan CA(M), FCMA, CGMA, CTM

PSMB Train-The-Trainer certificate no: TTT/6518

Click HERE to download Tan Chee Wan profile in PDF format

Tan Chee Wan is a Senior Member (FCMA) of the Chartered Institute of Management Accountants, CIMA and a member of Malaysian Institute of Accountants, MIA since 1992. He has been a Council Member of the CIMA Malaysia Divisional Council since 1998 until the Divisional Council dissolved in May 2012. Chee Wan is also a duly certified Competent Toastmaster of Toastmaster International.
Chee Wan has had a long and distinguished career as a Management Accountant in a number of well-known Malaysian and International Companies. He started his career in Finance as an Auditor. In 2000, he joined KNM Berhad as Group Financial Controller and played a pivotal role in KNM’s listing submission. In December 2005, Chee Wan returned to his hometown, Melaka and worked for Coats Thread (Malaysia) Sdn. Bhd. as Finance Manager / Director and retired in March 2012 to form Wanfah Prosper Training & Consultancy.
As the pioneer CIMA Membership Assessor from Malaysia, Chee Wan is actively involved in giving talks and doing workshops for potential members who wanted to apply for CIMA membership locally as well as in Singapore and has conducted in house training as well as public training programmes on Finance both locally as well as in Cambodia. With the expansion of more oversea Membership Assessors, Chee Wan has been mentoring two new Assessors in Malaysia.

After started his own business, Chee Wan has keep up todate of the current technology.  Among some of the achievement are created his own business websites, developed mobile apps and ventured into E-commerce.

All in, Chee Wan has more than twenty-five years of hands-on experience in different areas of management and functions in diverse industries such as in auditing, printing, construction, manufacturing, consultancy, engineering and trading. Other than the Finance, Accounting, Auditing, Taxation, Corporate Finance and Credit Control, some of the other functions include: general management, business development, business strategic planning, performance improvement, quality assurance, human resource management, information technology and management, budgeting and strategic cost management.
Chee Wan has attended the Train The Trainer Training conducted by PSMB and is a certified trainer under PSMB (Certificate No. TTT/6518).  Chee Wan is also a Certified GST Consultant / Trainer having attended the Royal Malaysia Custom GST training and passed its examination.

Course Fees & Registration

FEE PAYABLE PER PARTICIPANT :

Normal Price                                          : RM1,198

Early Bird (15 days before event)       : RM1,068

Group Fee (>2 participants)                : RM938

Fee includes course materials, lunch, 2 tea breaks per day and Certificate of Attendance (upon completion of the training).

Download Brochure and Registration Form HERE and sent it to us by

Email : sales@wanfahprosper.com

WhatsApp : +60162634929

CANCELLATION / TRANSFER

Upon registering, participant(s) are considered successfully enrolled in the event.  Written cancellations / transfer notice (substitution or to later dates) received :

  • More than ten (10) working days before the event, a refund (less administrative charge of 15%) will be made.
  • Ten (10) working days or less before the event, no refund will be made.
  • For no show on the day of the event, full payment is required. If you cannot attend the event, you can nominate a substitute at any time without payment of an administration fee.
  • A full (100%) refund may be granted if the course is cancelled by Wanfah Prosper PLT (WFP). WFP reserves the right to postpone or cancel the event and / or change facilitator at any time should circumstances beyond its control arises. WFP also reserve the right to make alternative arrangements without prior notice should it be necessary to do so.

Payment

Please make cheque payable / direct credit to : WANFAH PROSPER PLT

Accounts Number : 3812930508

Bank : Public Islamic Bank Berhad

DATA PROTECTION

Personal Data is gathered in accordance with the Personal Data Protection Act 2010 (Act 709)