E-Invoicing Questionnaire

What does IRBM stand for?

• Inland Resources Board Malaysia

• Income Replacement Board Malaysia

• Inland Revenue Board Malaysia

• Invoice Revenue Board Malaysia

What is e-invoicing?

•    Sending paper invoices by mail

• Digital and automated invoicing

• Writing invoices by hand

• Avoiding invoices altogether

What is one benefit of e-invoicing for large corporations?

• Slower processing time

• Improved efficiency and cost savings

• Increased paper usage

• More manual errors

How does digitalization benefit the tax administration?

• Increases paperwork

• Enhances data accuracy and processing speed

• Reduces the number of employees needed

• Makes the system more complicated

What role does validation play in the e-invoice workflow?

• Increases errors

• Ensures the invoice is accurate and complete

• Delays the process

• Reduces transparency

What is a common challenge in implementing e-invoicing?

• Lack of interest

• High implementation cost

• Easy to understand

• No training required

How has e-commerce influenced e-invoicing?

• Increased demand for automation

• Decreased need for invoicing

• Reduced transaction speed

• Eliminated invoices

How does e-invoicing help in reducing tax evasion?

• By hiding transactions

• By providing a clear audit trail

• By increasing the complexity of transactions

• By reducing the number of audits

Why is a timeline important for e-invoicing?

• To delay the process

• To ensure smooth transition

• To increase costs

• To confuse employees

How should businesses handle e-invoices for international transactions?

• Ignore them

• Use only local currency

• Follow specific regulations

• Use paper invoices