E-invoice unit 1.0 FLASHCARD

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E-invoice vs. Traditional Invoice

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E-invoice is digital, while traditional invoices are often paper-based.

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Digitizes tax and financial reporting

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E-Invoicing digitizes tax and financial reporting.

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Image showing benefits of E-Invoice

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Visual representation of E-Invoice benefits: reducing errors, facilitating tax form submission, improving efficiency, and digitizing reporting.

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Mandatory Implementation Timeline

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Timeline showing mandatory implementation dates based on sales thresholds.

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Mandatory if sales exceed RM50 million per year

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Implementation date: 1 January 2025

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New update for sales more than RM25 million up to RM100 million

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Implementation date: 1 January 2025

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New business commencement from 2023

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Implementation date: 1 July 2025

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Tax return for the year of assessment 2022

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Used to determine annual sales value and date implementation of e invoice

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Early Adoption (volunteer implement early)

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Choosing to implement a system or process before it becomes mandatory.

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IT Department

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The department that handles technology and information systems.