E-Invoice Implementation Deadline:
Sales >RM100m per year : 1st AUG 2024
Sales >RM25m per year: 1st JAN 2025
Mandatory for all businesses: 1st JULY 2025
**Section 120(1) of the ITA 1967: Offences of NOT complying with E-Invoicing PER TRANSACTION can subject to a fine of not more than RM20,000, imprisonment not exceeding 6 months, or both!
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Program Objectives:
Upon completion of this program, participants will acquire these:
The simplified e-Invoice concepts by presenting them in a clear and accessible manner for taxpayers to easily understand and implement.
Step-by-step guidance on key aspects of e-Invoice, including implementation, compliance, and recordkeeping, to ensure taxpayers can follow a structured approach in meeting their obligations.
Practical examples to illustrate real-life scenarios, demonstrating how e-Invoice requirements can be applied in different business contexts.
Guidance to assist taxpayers in assessing their readiness for e-Invoice implementation and monitor compliance.
Common questions and concerns that taxpayers may have regarding e-Invoice, offering clear explanations and solutions to common challenges. Additional guidance may be issued periodically on certain issues or industry matters. In addition, additional support documentation such as Software Development Kit (SDK), training materials and assistance from Inland Revenue Board of Malaysia (IRBM) to further aid stakeholders in understanding and implementing e-Invoice will be made available.