(Tax Update) A Complete Guide on E-Invoice

Are You Prepared for the Upcoming Changes?

As Malaysia moves towards a more digital economy, the implementation of the e-invoicing system marks a significant step. This change, aimed at improving efficiency, transparency, and compliance in business transactions, is something all businesses must prepare for.

Here’s an overview to help you understand what’s coming and how you can get ready on E-Invoice.

Internal Training on E-Invoice (30-Apr-24)

Stay updated and informed through our active learning sessions and knowledge-sharing articles. Join the learning. https://www.ktp.com.my/blog/active-learning-on-sharing-of-knowledge-e-invoice/30apr2024

E-Invoice Webinar

For those new to e-invoicing, our webinar series on the basics provides a comprehensive overview.

Part 1: Everything You Need to Know (23-Apr-24) :

Watch now https://www.ktp.com.my/blog/e-invoice-basics-everything-you-need-to-know/23apr2024

Part 2: Consolidated and Self-Billed Invoices (29-Apr-24) :

Watch now https://www.ktp.com.my/blog/e-invoice-basic-consolidated-and-self-billed/29apr202

Latest E-Invoice Guidelines

Keeping up-to-date with the latest guidelines is essential. We provide summaries and links to the most recent e-invoice guidelines released by the authorities :

IRBM e-invoice Guideline Version 2.30 (09-Apr-24) :

Read more https://www.ktp.com.my/blog/irbm-e-invoice-guideline-version-230-6april2024/09apr2024

e-Invoice Guideline 2.1 (01-Nov-23) :

Read more https://www.ktp.com.my/blog/tax-update-e-invoice-guideline-2-1/01nov22

e-Invoice Guideline 2.0 (12-Oct-23) :

Read more https://www.ktp.com.my/blog/tax-update-e-invoice-guideline-2/12oct23

Industry-Specific FAQs (24-Nov-23)

Different industries may face unique challenges. Our FAQ for the Healthcare Industry addresses specific concerns and provides tailored advice.

Read the FAQs. https://www.ktp.com.my/blog/e-invoice-faq-for-healthcare-industry/24nov22

Transition Challenges and Strategies (17-Aug-23)

Transitioning to e-invoicing may present several challenges. Our article discusses common issues and offers strategies to overcome them effectively.

Explore transition strategies. https://www.ktp.com.my/blog/e-invoicing-malaysia-transition-challenges-and-strategies/17aug23

Are You Ready? (10-Aug-23)

Preparation is key to a smooth transition. Our guide on readiness checks and essential steps will help your business gear up for the upcoming changes.

Find out if you are ready. https://www.ktp.com.my/blog/e-invoicing-malaysia-are-you-ready/10aug23

Coverage and Scope (03-Aug-23)

Which businesses are required to adopt e-invoicing? Our coverage article explains the scope and the types of transactions that will be affected.

Learn about the coverage.https://www.ktp.com.my/blog/e-invoicing-malaysia-coverage/3aug23

Timeline for Implementation (02-Aug-23)

Understanding the timeline for the e-invoicing rollout is crucial for businesses to plan and transition smoothly. We have outlined the key dates and phases of implementation to keep you informed and prepared.

Check the timeline. https://www.ktp.com.my/blog/e-invoicing-malaysia-timeline/2aug23

The Workflow of E-Invoicing (31-Jul-23)

The e-invoicing workflow involves several key steps to ensure that invoices are issued, received, and processed digitally. Our detailed article on the e-invoicing workflow provides insights into each stage, from creation to approval and archiving.

Read more.https://www.ktp.com.my/blog/e-invoicing-malaysia-the-workflow/31jul23

We encourage all our clients to stay informed and proactive in their preparation for the upcoming e-invoicing system.

For further details, please refer to the linked articles and feel free to contact us for any specific queries.

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