E-INVOICING STRATEGIC IMPLEMENTATION WORKSHOP

COURSE OVERVIEW

The Inland Revenue Board of Malaysia (IRB) has announced the phased implementation of e-Invoicing, set to commence in August 2024. IRB has issued comprehensive mandatory guidelines detailing key compliance requirements and a step-by-step adoption framework. E-invoicing is mandatory for all taxpayers conducting commercial activities in Malaysia, covering both domestic and international transactions. The mandate applies to business-to-business (B2B), business-to-consumer (B2C), and business-to-government (B2G) transactions, ensuring a standardised and efficient invoicing ecosystem across sectors.

The implementation timeline is structured to accommodate businesses of varying sizes. Organisations with an annual turnover exceeding RM100 million must comply by August 1, 2024. Those generating between RM25 million and RM100 million must transition by January 1, 2025, with an extended deadline until February 1, 2025. Full compliance becomes mandatory for all remaining businesses by July 1, 2025.

Beyond the technical deployment, e-invoicing introduces fundamental shifts in business operations, impacting workflows, financial reporting, and compliance structures. Organisations must address the challenges of data accuracy, system integration, and regulatory adherence while ensuring seamless adoption across their operational framework. The transition demands a strategic approach encompassing technology adaptation, process reengineering, and workforce readiness to meet compliance obligations efficiently.

This one-day workshop provides a comprehensive and practical understanding of e-invoicing implementation and its impact on business operations. Participants will gain insights into technical, procedural, and regulatory requirements, as well as strategies for integrating e-invoicing into existing accounting systems. The session covers compliance frameworks, data validation techniques, integration models, and best practices for ensuring a smooth transition.

By the end of this workshop, participants will be equipped with the knowledge, tools, and strategies necessary to implement e-invoicing effectively, minimising disruption while ensuring compliance with Malaysia’s evolving digital tax framework.

LEARNING OUTCOMES

By the end of this workshop, participants will be able to:

√ Gain a thorough understanding of Malaysia’s e-Invoicing regulations, including key compliance requirements, implementation timelines, and entities subject to the mandate.

√ Identify the objectives, benefits, and challenges of e-Invoicing while understanding its impact on business operations, financial reporting, and regulatory compliance.

√ Assess available e-Invoicing platforms, determine the most suitable option, and configure it for seamless integration with existing accounting systems.

√ Develop expertise in e-Invoice types, workflows, mandatory data fields, and step-by-step submission processes to ensure compliance and efficiency.

√ Evaluate diverse transaction scenarios, including periodic billing, self-billed invoices, cross-border transactions, profit distribution, and commerce transactions, to apply appropriate e-Invoicing practices.

√ Implement best practices for data validation and accuracy while ensuring adherence to regulatory requirements to minimize errors and avoid penalties.

√ Design a structured departmental rollout plan that facilitates a smooth transition with minimal business disruption.

√ Clarify misconceptions, troubleshoot integration challenges, and apply problem-solving strategies for effective e-Invoicing adoption.

COURSE BENEFITS

This training enhances business accounting processes by transforming e-Invoicing into a strategic asset beyond mere compliance. It strengthens accounting accuracy, ensures seamless regulatory adherence, and optimizes workflow efficiency. By streamlining implementation, it minimizes disruptions, mitigates errors, and reduces penalty risks, enabling businesses to operate smoothly while staying ahead of evolving tax regulations.

WHO SHOULD ATTEND?

This training is essential for finance, accounting, and tax personnel, as well as IT and compliance teams within organizations responsible for implementing e-Invoicing. It is crucial for decision-makers and operational staff overseeing financial reporting, compliance, and system integration to ensure a seamless transition with minimal disruption.

 TRAINING METHODOLOGY

This training uses expert-led presentations, case studies, hands-on exercises, and group discussions. Real-world scenarios, live demonstrations, and Q&A sessions enhance understanding, while guided workshops equip participants with practical strategies for seamless implementation and compliance within their organisations.

 TRAINING PREPARATION

Participants must ensure they have a laptop or computer equipped with a camera, microphone, and speakers, along with a stable internet connection for this online session conducted via Zoom.

TRAINING DURATION

Full 1 day training (9:00 am – 5:00 pm)

HRD CORP REGISTERED PROGRAM ID NOS

10001517843

PUBLIC PROGRAM COURSE FEE

Single Registration – RM 650.00 nett per participant

Group Registration – RM 500.00 nett per participant

(For 4 participants or more from the same organisation)

(The fee covers training materials, supplementary notes, a detailed training report with assessment and a Certificate of Completion)

IN-HOUSE TRAINING ENQUIRY

For more information regarding our In-House/ Public Program courses, please email us your inquiry at sales@progresslink.com.my
or to speak to our Sales Consultant at + 604- 297 6881 or 011-1289 6881.

For public program schedules, please visit our website: www.progresslink.com.my

Register with us today! Training fees are eligible for claims under the HRD Corp Claimable Courses scheme.

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