Count Down To Full Implementation of E-Invoice in Malaysia
Getting Started For E-Invoicing !
E-invoicing in Malaysia is a key component of the government’s push toward digital transformation, with the goal of improving tax compliance, reducing fraud, and increasing transparency in business transactions. Starting in August 2024, e-invoicing had been introduced in phases, becoming mandatory for businesses across various sectors.
Are you subjected to e-invoicing?
E-Invoice applies to ALL PERSONS in Malaysia.
Implementation Timeline
Penalties for
non-compliance
Fine
A fine ranging from RM200 to RM20,000
Imprisonment
Imprisonment for a period not exceeding six months
Both
A combination of both a fine and imprisonment.
How CCS can help you?
Impact Assessment
Recommended Action Plan & Implementation
In-house Training
Post-Implementation Support
- Review the Covered Entity’ Management Account.
- Interview the key personnel of the Covered Entity;
- Review current operation process flows; and
- Identify the challenges in adopting e-invoice.
- Propose strategies to close the gap identified during impact assessment.
- Propose Company policies related to e-invoice.
- Propose new SOPs or amendment to existing SOPs for e-invoice requirement
- Communicate e-invoice requirements to staff in the Company.
- Communicate the roles and responsibilities across various department to ensure smooth.
- Ensure smooth transition to e-invoice.
- Ensures continuous access to professional assistance.
- Stay informed about new updates or best practices.
- Minimizing downtime and disruption to business operations.
Why choose CCS?
Completed E-Invoice Public Seminar
Completed In-house Trainings
Completed Seminar Participants
On-going E-Invoice Public Seminar
Written E-Invoice Articles
Invited Guest Speaker for listed Company’s e-invoice awareness forum
OUR CUSTOMER REVIEW
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to kick start your e-invoicing !
FAQ
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What is an e-Invoice?
An e-Invoice is a digital representation of a transaction between a supplier and a buyer, formatted in a structured, machine-readable manner. It is a file created in the format specified by the IRBM (i.e., in XML or JSON file format) and not in the form of PDF, JPG and etc.
What are the transmission mechanisms available to transmit e-Invoices?
IRBM has provided two (2) e-Invoice transmission mechanisms:
1. Through the MyInvois Portal provided by IRBM; and
2. Application Programming Interface (API).
Taxpayers may use either or both transmission mechanisms to transmit e-Invoices, as long as there is no duplication of e-Invoices.
Is e-Invoice applicable to transactions in Malaysia only?
No, the issuance of e-Invoice is not limited to only transactions within Malaysia. It is also applicable for cross-border transactions.
Are all industries included in the e-Invoice implementation? Are there any industries exempted?
Currently, there are no industries that are exempted from the e-Invoice implementation.
How can we start preparing for the e-Invoice implementation?
Human resources: Businesses are encouraged to create a dedicated team with the essential expertise and skills to get ready for implementation.
Business processes: Carry out an in-depth assessment of the current processes and procedures for issuing invoice transaction documents.
Technology and systems: Confirm the availability of resources, data structures, and IT capabilities to ensure compliance with e-Invoice requirements.
