E-INVOICING SYSTEM IN MALAYSIA

WHAT IS E-INVOICING?

e-Invoicing is a digital system for exchanging invoices, credit notes, and debit notes in Malaysia. Instead of using paper or simple electronic documents like PDFs, businesses use a system that generates invoices in formats like XML or JSON, as specified by the Inland Revenue Board (IRB). This allows for automated processing and real-time reporting of transactions to the IRB.

WHO SHOULD USE E-INVOICE?

e-Invoicing is for all taxpayers in Malaysia involved in commercial activities, including:

Business-to-Business (B2B) Transactions Transactions between companies.
Business-to-Consumer (B2C) Transactions Transactions between companies and individual customers.
Business-to-Government (B2G) Transactions Transactions between companies and government entities.

All individuals and legal entities engaged in these types of transactions must comply with e-Invoice requirements.

E-INVOICE OVERVIEW WORKFLOW: HOW DOES IT WORK?

In the era of e-Invoicing, there is a transformative shift in how invoices are created, shared, and stored. Below is a workflow diagram outlining the steps of the entire e-invoicing process:

e-Invoice Overview Workflow

e-Invoice overview workflow

If you would like to find out more about e-Invoicing in Malaysia, please click on this article to know more.

HOW CAN YYC HELP?

E-LEARNING PLATFORM TAXPOD

YYC offers clients access to a robust, user-friendly tax platform designed for self-learning e invoice in Malaysia. This allows clients to manage their e-invoicing at their own pace, with comprehensive resources and tools available on-demand.

CUSTOMISED WORKSHOPS

YYC provides tailored workshops that address specific needs and challenges faced by clients in implementing e invoice in Malaysia. These sessions can be conducted by experts from your firm and are ideal for organizations looking to train their staff in-house with the support of experienced professionals.

FULL-SCALE PROJECT IMPLEMENTATION

YYC offers project implementation for e invoice Malaysia, from gap assessment to post-implementation support. This option is suitable for clients who prefer a comprehensive, smooth integration and compliance with minimal disruption to their existing processes.

OUR TEAM

Chew Wai Hoor

Chew Wai Hoor
Chief Operating Officer

** We have a dedicated team of staff providing quick response and excellent customer service. Feel free to contact us to find out more.


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