E-Invoicing in Malaysia (theory)

OVERVIEW

An e-Invoice is a digital representation of a transaction between a supplier and a buyer. It replaces paper or electronic invoices, credit notes, and debit notes, containing all essential information such as supplier & buyer details, item description, quantity, price, tax, and total amount — ensuring accurate transaction records for business operations.

Starting August 2024, LHDN has made e-invoicing compulsory for companies with annual turnover exceeding RM100 million (with subsequent rollout phases for smaller businesses). The implementation aims to improve operational efficiency and prevent tax leakage. This course equips participants with a clear understanding of e-invoicing concepts, regulatory requirements, and practical adoption strategies.

OBJECTIVES

• Understand fundamentals, concepts, and scope of e-invoicing
• Explain the benefits and requirements of e-invoicing
• Comprehend Malaysian regulatory framework for e-invoicing
• Learn different types of e-invoices
• Prepare, process, and implement e-invoicing workflows
• Understand benefits, challenges, and compliance risks
• Gain practical skills for successful adoption

WHO SHOULD ATTEND?

Business owners, entrepreneurs, accountants, tax agents, company secretaries, business analysts, and anyone responsible for compliance or finance functions.

METHODOLOGY

PowerPoint presentations, illustrations, discussions, and exercises for practical application.

COURSE OUTLINE

1. Introduction to E-Invoicing – Benefits of adoption, IRBM guidelines, 55 Required Data Fields (RDF), penalties for non-compliance, implementation timeline, exemptions.
2. E-Invoice Workflow & Tools – MyInvois portal, API integration, data security and privacy considerations.
3. Fundamentals of E-Invoicing – Required documents, Proof of Income (POI) vs Proof of Expenses (POE), types of IRBM e-invoices, accounting treatment, real-life scenarios.
4. Assessing Readiness – Evaluating personnel, data sources, IT systems, do’s & don’ts, practical tips to make e-invoicing easy for your organisation.

CERTIFICATE OF PARTICIPATION

PARTICIPATING FEE

RM972 per person (1-day course) – Inclusive of course notes, digital certificate of participation, and 8% SST.
HRD Corp Claimable under SBL-Khas