Melasoft’s Webinar on Mandatory e-Invoice Implementation in Malaysia
In Malaysia, B2B e-invoicing will become mandatory from 1 August 2024. This significant development will introduce new requirements and opportunities for businesses operating in Malaysia. Whether rightly or wrongly, there are members of the business community, large and small, that have concerns and worries about e-invoicing.
Given that e-invoicing is not just about sending invoices digitally, but adds a new layer to processing a transaction which requires real-time validation from LHDN’s system, there’s been some pushback and criticism on potential added cost, complexity, and friction that this potentially brings to businesses, with particular concern around MSMEs and even SMEs.
To address these concerns and to help you prepare for these changes, Melasoft organized a comprehensive webinar, providing essential information and guidance on navigating the new e-invoicing landscape.
In our webinar, we covered several crucial aspects:
- Details of E-Invoicing Regulations in Malaysia: We discussed the specific requirements outlined by the Malaysian government, including compliance deadlines, necessary documentation, and the technical standards businesses need to adopt.
- Melasoft’s Tax Compliance Solutions: We showcased our innovative e-invoicing solutions designed to meet the 2024 guidelines. Our tools ensure seamless integration with existing systems, providing an efficient and compliant invoicing process.
- Steps to Ensure Business Compliance: We provided actionable insights and steps businesses should take to align with the new regulations. This includes system upgrades, employee training, and strategic planning to ensure a smooth transition.
Watch this video to gain a comprehensive understanding of the e-invoicing mandate in Malaysia and learn how to position your business for success in this new regulatory environment.
You will also find some frequently asked questions in this video:
- Is the application of e-Invoice limited to transactions within Malaysia?
- Are all industries subject to e-Invoice implementation, or are there exceptions?
- How do taxpayers issue an e-Invoice to a non-TIN holder, such as foreign buyers?
- What is the timeframe for issuing e-Invoice adjustments after the 72-hour validation period?
- Does the MyInvois Portal allow for editing information after the e-Invoice has been verified by IRBM?
Contact us for more details without delay! Take action now to be one step ahead in the business world of the future! Request a demo.
About Melasoft: Melasoft is a leading software solutions provider specializing in digital transformation, process automation, and business optimization. We focus on delivering innovative technologies and exceptional customer service, empowering businesses to enhance efficiency, streamline operations, and drive growth.