Exemptions from Implementing e-Invoice
Exemptions from Implementing e-Invoice According to paragraph 1.6.1 of the e-Invoice Guideline Version 4.0, certain persons are currently exempt from issuing e-invoices (including self-billed e-invoices). 1. Foreign Diplomatic Offices Exemption: Foreign diplomatic offices are not required to issue e-invoices. Example: The Embassy of Japan in Kuala Lumpur is not required to issue e-invoices for any services or goods […]
E-Invoice Treatment for Advance Payments
E-Invoice Treatment for Advance Payments: 1. Initial Advance Payment: When a supplier receives an advance payment, they should issue an e-invoice at the time of receiving the payment. This e-invoice should clearly indicate that it’s for an advance payment. 2. Subsequent Delivery or Service Provision: When the goods are delivered or services are rendered, the […]
Malaysian Institute of Accountants (MIA) Public Consultation Paper (No. 01/2024)
This document is a public consultation paper (No. 01/2024) issued by the Malaysian Institute of Accountants (MIA) regarding the registration of body corporates as public practice entities. Here’s a summary of what it’s about and what you’re being asked to do: 1. Purpose:The MIA is reviewing the Accountants Act 1967 to address inconsistencies between the Act and MIA By-Laws, […]
