[Online, NEW] E-Invoicing, Tax Implications And Planning (2025)
Course Information
  • 20-Feb-2025
  • Online
  • Norashikin Soin
  • BM/English
  • RM 780
  • 9:00am - 5:00pm

[01] COURSE INTRODUCTION

This training on E-Invoicing Implementation in Malaysia helps businesses understand and prepare for the move towards digital tax compliance, as required by the Inland Revenue Board (IRB).

With e-invoicing becoming mandatory in stages from June 2024, and for Phase II companies starting 1 January 2025, businesses need to adopt systems for real-time invoice validation and improved tax transparency. Participants will learn what e-invoicing is, the types of invoices involved, and how to submit them using the MyInvois portal or API integration.

The course covers important tax-related impacts and provides step-by-step guidance on using the MyInvois Portal, ensuring attendees are ready to handle different types of transactions. It also highlights available tax incentives and grants to ease the cost of implementation. Real-time access to e-invoice data enables the IRB to monitor business activity, detect errors, and improve tax audits. This training is ideal for finance teams, business owners, and managers aiming for smooth complianceand operational efficiency.

 

[02] COURSE OUTCOMES

• Grasping Latest Updates (2025): Be aware of the latest updates, guidelines, and issues commonly faced by Phase I companies

• Understand E-Invoicing Requirements: Attendees will grasp key compliance obligations, including the timeline & types of e-invoices

• Hands-on Use of MyInvois Portal and API: Learn to set up profiles, submit e-invoices, and integrate using MyInvois API and SDK

• Know the Tax Implications: Gain insights on tax treatments for various business transactions to reduce compliance risks

• Prepare E-Invoices for Different Scenarios: Acquire skills to handle individual, consolidated, and self-billed invoices

• Leverage Tax Incentives and Grants: Understand available grants, allowances, and deductions for e-invoicing costs

 

[03] PRE-REQUISITES

• Attendees to have a MyInvois Account, with ID and Password

• Laptop & charger

• Preferably has basic knowledge on E-Invoice

 

[04] METHODOLOGY

Lecture, case Studies of which some are drawn from trainer’s own experiences, group discussion. Hands-On training provided.

 

[05] DATE/ TIME/ FEE

Date:           20 Feb 2025 (Thu)
Time:           9.00am - 5.00pm
Mode:          Online/ Interactive

 

Fee:  [HRD Corp Claimable]

   - Early Bird Offer (before 4 Feb 2025) – RM 700
   - Special Offer (before 16 Feb 2025) – RM 740
   - Normal Fee – RM 780

 

- Fee includes Course Notes, Certificate of Completion and 8% Service Tax

 

** OFFER **

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

 

HRDCorp Claimable Course:
Trainer MyCoiD: 429594X
Course Scheme: HRDCorp Claimable Course
Course Type: Remote Online Training (Public)
Course Code: 10001507519

 

[06] COURSE OUTLINE

Module 1: E-Invoicing Quick Recap

• E-Invoicing Basics

• Process & Steps

• Difference between E-Invoice and Conventional Process

• Exemptions: Situations where e-Invoicing may not apply

• Types of E-Invoices:

 o Credit vs. Debit Notes

 o Refund Notes 

 o Handling Rejected E-Invoices:

   ▪ Failure to accept e-Invoice within the specified timeline

   ▪ Rejection of supplier’s e-Invoice

o Point-of-Sale (POS) System Integration

o Individual Transaction E-Invoice vs. Consolidated Transactions E-Invoice

o Self-Billed E-Invoice for specific situations (e.g., commission payments, interest payments, e-commerce, imports)

o Invoices from Overseas (excluding imports)

 

Module 2: E-Invoicing Model and Workflow

• Workflow Overview: End-to-end process

• Submission Methods:

 o MyInvois Portal

 o API Integration

 o Software Development Kit (SDK) for MyInvois System

 

Module 3: Setting Up MyInvois System

• System Configuration:

 o Understanding the use of MyInvois System vs. API (Accounting Software Integration)

 o Setting up MyInvois System with the Director’s Profile

 o Editing and managing the company profile

 o Managing default email and notifications

 o Explanation of Classification Codes

• Tips for Using MyInvois System:

 o Preparing E-Invoices:

  ▪ Grace Period vs. Relaxation Period

  ▪ Transactional E-Invoice vs. Consolidated E-Invoice: Choosing the best option

  ▪ Required fields for preparing e-Invoices:

   ‣ Supplier and Buyer information

   ‣ Currency rates

   ‣ Item descriptions

   ‣ SST and applicable taxes

   ‣ Additional information

  ▪ Different scenarios for preparing various types of e-Invoices

 o Who Should Prepare E-Invoices?

  ▪ Scenarios applied in different accounting functions

 

Module 4: Business and Tax Implications of E-Invoicing

• Data Security and Privacy: Ensuring compliance

• Assessing Business Readiness: Steps for successful implementation

• Impact on Business Operations:

 o Changes in workflow

 o Cost and time implications

• Tax-Related Implications:

 o Application of E-Invoices for Accounting and Business Transactions

  ▪ Handling business transactions on a periodic basis

 o E-Invoice Treatment for Various Scenarios:

  ▪ Reimbursements and Disbursements

  ▪ Penalty Charges

  ▪ Employment Perquisites and Benefits (e.g., mileage, entertainment, hotel, tolls, parking, travel expenses, medical expenses)

  ▪ Employee Claims (e.g., telephone, Grab Car, overseas expenses)

  ▪ Salary in Lieu of Notice

  ▪ Import and Export Transactions

  ▪ Commission Payments (agents, dealers, distributors)

  ▪ Loyalty and Volume Rebates/Discounts

  ▪ Interest Income (banks, loans)

  ▪ Interest Charges to Employees (loans/advances)

  ▪ Interest Payments (banks, hire purchase, insurance loans)

  ▪ Sales with Trade-Ins (e.g., cars, gold)

  ▪ Profit Distribution

  ▪ Foreign Income Remitted Back to Malaysia

  ▪ Rental or Expenditure from Exempted Parties

  ▪ E-Commerce Transactions

  ▪ Utility Bills Under Landlord’s Name

  ▪ Consignment Sales (domestic and overseas)

  ▪ Overseas Warehouse Storage

  ▪ Sales of Cash Vouchers

  ▪ Issuance of Cash Vouchers for Target Purchases

  ▪ Payments to Foreign Non-Employees

  ▪ Sponsorship for Corporate Events (e.g., annual dinner)

  ▪ Training Payments and Allowances for Customer Staff

  ▪ Inter-Branch Sales

  ▪ Money Lending Transactions

  ▪ Advance Payments to Suppliers

  ▪ Insurance Compensation Received

  ▪ Disposal of Damaged Goods After Insurance Compensation

  ▪ Recouping Insurance Claims from Fault Party’s Insurance

 

Module 5: Hands-On Session with MyInvois Portal

• Issue Invoice Document

• Issue Credit Note Document

• Issue Debit Note Document

• Issue Refund Note Document

• Issue Self-Billed Invoice Document

• Issue Self-Billed Credit Note

• Issue Self-Billed Debit Note

• Issue Self-Billed Refund Note

• Issue Consolidated e-Invoice

• Issue Consolidated Self-Billed e invoice

 

Module 6: Tax Incentives and Grants for E-Invoicing Implementation

• Digitalization Grant: Eligibility criteria & application process

• Capital Allowance: Claimable expenses & applicable rates

• Tax Deductions: Identifying allowable deductions for system upgrades

 

Question & Answer Session

Interactive session to address participants' questions and provide clarifications on real-world scenarios.

 

End of Training

 

[07] TRAINER PROFILE 

NORASHIKIN SOIN 

Chartered Accountant, Principal, HRDCorp Accredited Trainer

Norashikin has over 20 years of experience in the areas of accountancy, tax, company secretarial and advisory. She started off her career with a Big 4, and worked her way up to the Tax Manager of a local mid-sized tax firm. She was responsible for manag- ing tax audit, advisory and investigation of local and oversea clients. It was there her works crossed paths with Ministry of Finance (“MoF”), Lembaga Hasil Dalam Negeri (“LHDN”), and other government authorities. 

In 2010, she established her own firm offering taxation and company secretarial services to a wide range of clients. Her years of practical experience and personal connection makes her training so much more relevant and practical. 

Qualification: 

•  2008 Associate Member of Malaysian Association of Tax Accountants (MATA) 

•  2006 Chartered Accountant, Member of Malaysian Institute of Accountants (MIA) 

•  2002 Bachelor of Accountancy –(Hons) Northern University of Malaysia, Malaysia 

 

[08] ENQUIRY/ REGISTRATION

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