E-INVOICING TRAINING_CMAA JULY 2024

Who are not exempted from implementing E-Invoice?

• Zakat

• Hawker

• Employment income

• Government & related

IMPORTANT THINGS TO TAKE NOTE FOR B2B E-INVOICING

• VALIDATION : QR CODE

• CREATION : TIN NUMBER, DIGITAL CERT & DIGITAL SIGNATURE

• ISSUANCE : 55 MANDATORY FIELDS

• REJECTION/CANCELLATION : GOLDEN 72 HOURS

YOUR DIGITAL CERTIFICATE IS LIKE A STAMP ON YOUR PASSPORT. HOW LONG IS THE VALIDITY?

• 3 YEARS

• 5 YEARS

• 2 YEARS

• 1 YEAR

E-INVOICE SUBMISSION MECHANISM IN MALAYSIA ARE

• APPLICATION PROGRAMMING INTERFACE (API)

• CANVA

• LHDN E-FILING SYSTEM

• MYINVOIS PORTAL

THE SIMPLIFIED VERSION OF E-INVOICE WORKFLOW ARE

• CREATION, NOTIFICATION, SHARING, REJECTION

• CREATION, SUBMISSION, PAYMENT

• CALL BUYER, VALIDATION, NOTIFICATION, SHARING, PAYMENT, STORAGE

• CREATION, SUBMISSION, VALIDATION, NOTIFICATION, SHARING, REJECTION/CANCELLATION, STORAGE

ON SUBMISSION, THE E-INVOICE MUST BE EITHER ON THESE FORMATS

• PDF

• JSON

• JPG

• XML

WHAT ARE THE CONSEQUENCES OF NON-COMPLIANCE WITH E-INVOICING REQUIREMENT?

• Imprisonment not exceeding 6 months

• A fine of not less than RM200 & not more than RM20,000

• Business is rejected to use myInvois system

• RM50,000

WHAT ARE THE RULES ON REJECTION/ CANCELLATION OF E-INVOICE

• To cancel after payment

• Justification for rejection/ cancellation is needed

• To do it within 72 hours

• Just email to LHDN to cancel

ON SHARING THE E-INVOICE TO BUYER, THIS IS NEEDED

• UNIQUE IDENTIFIER NUMBER

• E-INVOICE WITH QR CODE

• PURCHASE ORDER

• VALIDATION LINK

ON THE BRIGHT SIDE, THE BENEFIT OF IMPLEMENTING E-INVOICING ARE...

• STREAMLINED PROCESSES

• ENHANCE TAX COMPLIANCE

• TAX AVOIDANCE

• REAL TIME TRACKING AND REPORTING