Latest Updates 2024

[01] Introduction

On 22 May 2023, the Malaysian Inland Revenue Board (IRB) formally announced that they are targeting 4,000 businesses for the first stage of the new electronic invoicing (e-invoice) system. This is a mandatory enforcement for businesses that reach a sales threshold of RM100m per year. Implementa- tion is slated to commence in June 2024. While we await the IRB's guidelines, we share our understanding of what will potentially be required for Malaysia’s e-invoicing platform and the implementation plans based on our interactions with IRB. We will also share some points to consider in your preparation for your e-invoicing journey.

This training course will provide you valuable insights into pivotal shift in business operations. we are presenting a comprehensive training course that delves into the latest updates in tax administration, directly impacting businesses and taxpayers.

[02] METHODOLOGY

Interactive lectures, practical exercises & discussion on all relevant aspects and implementation of e-invoicing to ensure participants grasp clearly aspects presented.

[03] COURSE OBJECTIVES

• To provide participants with a foundational understanding of Malaysia's e-invoice system, its scope and its implications for businesses and taxpayers

• To recognize the potential accounting, IT and tax issues that businesses may encounter before and during the implementation of the e-invoice system

• Develop an action plan for the implementation of the e-invoicing system

[04] WHO SHOULD ATTEND

This course is designed for employees, managers, self-employed or business partners who are interested understanding of Malaysia's e-invoice system, its scope and its implications for businesses and taxpayers.

[05] DATE, TIME & FEE

Date:    20 July 2024 (Sat)
Time:    9.00am - 5.00pm
Mode:    Online/ Interactive

FEE:

[ HRD Corp Claimable ]

     - Special Offer (before 14 Jul 2024)         -         RM 670
     - Normal Fee - RM 700

>> Fee includes Meals, Course Notes & Certificate of Completion and 8% Service Tax

** OFFER **

- 10% Cashback for SST2u Learner Card+ (SLC+) members. T&Cs applied.

[06] COURSE OUTLINE

Module 1 - Introduction of e-Invoicing

• About e-Invoice

• Recent Developments and Key Trends 

• Benefits of Adopting e-Invoice

• Transaction Types

• Scenarios and Types of e-Invoices

• E-Invoice Implementation Timeline

• E-Invoice Overview Workflow

• E-Invoice Modelling

Module 2 - e-Invoice Model via MYINVOIS Portal

• Pre-Submission – e-Invoice Submission Requirements

• Step 1 – Creation and Submission

• Step 2 – e-Invoice Validation

• Step 3 – Notification

• Step 4 – Sharing of e-Invoice

• Step 5, 6 and 7 – Rejection or Cancellation

• Step 8 – Storing e-Invoices

• Step 9 – Reporting & Dashboard Services for Taxpayers

Module 3 - e-Invoice Model via API

• Pre-Submission – e-Invoice Submission Requirements 

• Step 1 – Submission

• Step 2 – e-Invoice Validation

• Step 3 – Notification

• Step 4 – Sharing of e-Invoice

• Step 5, 6 and 7 – Rejection and Cancellation

• Step 8 – Storing e-Invoices

• Step 9 – Reporting and Dashboards Services for Taxpayer

• Software Development Kit (SDK)

Module 4 - Managing Risk, Tax Audits, Data Security & Privacy Monitoring of e-Invoicing

• E- Invoicing: Preparing for digital reporting

• Managing risk and tax audits

• What are the big risks businesses will need to consider when implementing e Invoicing

• Which parts of business operations need to work together to ensure the seamless administration of e Invoicing?

• What is the expanded/new set of internal controls that need to be in place to reduce organizational compliance risks?

• How can technology be leveraged to be able to manage and comply with the new requirements, and anticipate tax risks deriving from e Invoices

Module 5 - Assessing Readiness of e-Invoice

• The impacts of personnel, resources and process

• E Invoicing: Impact on strategies and operations

• Examples of e-Invoicing strategies

• Key considerations when implementing e Invoicing

• Pre & post of the implementation of the e-invoicing system

End of Day One

[07] DR WENDY TEE

HRD Corp Certified Trainer

Dr Wendy has over fifteen years of experience in senior management and human resources positions for diversified industrial and business environments. Graduated with a Doctor of Business Administration (UUM), Master of Business Administration (UM), Master of Information Technology (UM), Certified Financial Planner (CFP), Certified Business coach (UM), Registered Financial Planner (RFP), Certified Trainer (PSMB) and Certified Advance Human Resource Practitioner (MIHRM), she has undergone intensive academic training in various human development and knowledge improvement.

She is actively involved in management consultancy, management training and research. Her latest responsibility involves the business coaching, financial training, management consultancy, Accounting and Financial lecturing of Degree programs for Kolej Universiti Tunku Abdul Rahman. She has experience managing training programs cover from local universities, in house training and public seminar training.

Dr Wendy is also a Human Resource consultant and certified trainer now appointed from Harrison Assessment Talent solutions (HATS), Pembangunan Sumber Manuasia Berhad (PSMB) and National Human Resources Centre (NHRC), providing comprehensive and independent Human Resource advisory to clients. In addition to consulting with and servicing clients, she is responsible for HR assessment, HR training, coaching & advisory for the company. In the area of Human Resource Management, Wendy focuses on Strategic Talent Management, Training and Development Management, Performance Management, Payroll Management and Setting Departmental & Inter Departmental Key performance Indicators (KPIs).

Dr Wendy completed and passed her GST and SST exams organized by Chartered Tax Institute of Malaysia (CTIM) with the cooperation and support from the Royal Malaysian Customs Department (RMC). She has trained more than 75 SME companies in Malaysia for getting prepare on the post implementation of GST and SST, mainly dealing with the tax authorities over various indirect tax issues, elements and scope of indirect tax, cycle and operations, rulings, registration, administration, audit and investigations on behalf of her clients.

[08] ENQUIRY & REGISTRATION

Enquiry: yes@sst2u.com

Contact:

- General - (03 - 8604 7270)

- Teo (011 - 3178 9203)

- Logesh (012 - 503 0346)

- Siti (012 - 383 8603)

- Han (019 - 323 0507)