INTRODUCTION: 

E-Invoicing: Transforming Business Operations for Enhanced Transparency. The Malaysian government is implementing an e-invoicing system to ensure transparency in business transactions and accurate reporting of revenue and expenses. E Invoice system accelerate digitalization of the economic ecosystem, will revolutionize accounting operations, enhance overall business efficiency.  The e-invoicing system allows the Inland Revenue Board (IRB) to collect real-time data from companies and utilize big data analysis to accurately identify tax issues. With the deadline for e-invoicing and going cashless by 2025, the landscape of tax audits is irreversibly changing. Understanding the necessary accounting changes is crucial for preparation, requiring businesses not only to be aware of the changes but also to have a well-defined action plan. The implementation, starting in 2024, underscores the urgency for businesses to comprehend the impact of e-invoicing and strategize effective solutions now.

OBJECTIVES: 

• Understand the National E-Invoicing Initiative and LHDN's requirements 
• Understand the concept of E-Invoicing, types of e-Invoices, mechanism, criteria for issuing and the exemptions 
• Get ready with all the information to plan for the E-Invoicing implementation 
• Understand the impact to businesses and claiming of expenses for income tax purposes
• Discuss the impact to the E Commerce Industry

WHO SHOULD ATTEND 

• Business Owner and Director 
• CFO & Finance Personnel, COO 
• Business Managers impacted by e-invoicing implementation
• E Commerce operators 
  
  

Agenda