How is the under-declared import value managed in the e-invoicing era?
In the past, some local businesses in Malaysia have been under-declaring the true value of imported goods to save on customs duties. However, when it comes to bookkeeping, they have been recording the transactions at their actual values, which are relatively higher, to take advantage of tax deductions. With the introduction of the e-invoicing era, […]
Do sub-contractors and sole proprietors need to issue e-invoices?
Yes, sub-contractors and sole proprietors are required to issue e-invoices if they are undertaking commercial activities in Malaysia. This requirement applies to all individuals and legal entities, including sole proprietors and sub-contractors, as part of the broader mandate to comply with the e-invoicing requirement for commercial transactions. 1
Direct Approach: Refund Note E-Invoice vs. Credit Note in Handling Returns
Based on the guidelines and the scenario provided (Example 1), it appears that issuing a refund note e-Invoice by Mr. Jamal to document the refunded amount for the faulty chairs directly addresses the situation without the need for a separate credit note. The refund note e-Invoice serves the dual purpose of documenting the refund and […]
Exploring Consolidation of Self-Billed E-Invoices: Understanding the Potential Flexibility
This question about e-invoices is one that many people want to know: Can self-billed e-invoices be consolidated? The E-INVOICE SPECIFIC GUIDELINE (VERSION 2.1) answers but needs to say how to do it. I believe the SDK will explain it. My view is, the primary reason for permitting consolidation in these specific circumstances could be to […]
Grateful Acknowledgement: CCS’ Participation in Prima Group’s Corporate Hari Raya Open House 2024
The Honourable Tan Sri Dato’ Sri HJ. M. ARIFFIN YUSUF D.P.T.J., D.I.B., M.B.I.M., M.M.I.D., Managing Director, Prima Group: We extend our sincere thanks for the esteemed invitation to CCS for your Corporate Hari Raya Open House 2024. It was a truly honourable opportunity to celebrate this special occasion with you and the Prima Group team. […]
Access to the MyInvois Sandbox Test Environment is Accessible via API
The Inland Revenue Board of Malaysia (IRBM) informed that the MyInvois Testing Environment (Sandbox) is now accessible to enable taxpayers and service providers to conduct integration testing between systems developed by taxpayers or service providers with MyInvois via Application Programming Interface (API). Access to the MyInvois Sandbox will be available: To access this sandbox, taxpayers […]
New Releases: Stay Up-to-Date with LHDN’s e-Invoice Guidelines and SDK
π We are thrilled to announce the release of LHDN’s latest updates on e-Invoice Guidelines and Software Development Kit (SDK)! π Here’s what’s new: π Want to dive deeper into these updates? Get all the details by downloading the attachments below! Just click to access and stay ahead of the curve. π Download Here: 6
Use of the Billing Number as a Payment Reference for Labuan Business Activity Tax (CAPL) from 1 April 2024
The Inland Revenue Board of Malaysia (IRBM) has informed that payments for Labuan Business Activity Tax (CAPL) can be made using the Billing Number as the payment reference starting from 1 April 2024. The Billing Number can be obtained by applying the Labuan International Section, IRBM Sabah. This can be done through the following methods: […]
Impact of E-Invoicing on Customs Declarations: Key Considerations for Local Businesses
In the past, some local businesses in Malaysia have been under-declaring the true value of imported goods to save on customs duties. However, when it comes to bookkeeping, they have been recording the transactions at their actual values, which are relatively higher, to take advantage of tax deductions. With the introduction of the e-invoicing era, […]
PR No. 1/2024 β Investment Tax Allowance β Promoted Product Under The Manufacturing Sector dated 24 January 2024
This Public Ruling issued by the Inland Revenue Board of Malaysia (IRBM) provides guidance on the investment tax allowance available to companies participating in manufacturing promoted products in Malaysia. It covers the ITA for promoted products under the general list, high technology companies, small scale companies, selected industries, and for reinvestment. The ruling explains the […]
