Are you tired of manual invoicing headaches? Say goodbye to paperwork and embrace the future of invoicing with our electronic invoicing solution!
In an effort to support the demanding and ever-growing digital economy, the Government has announced Malaysia is to become the latest country to introduce mandatory electronic invoicing with a targeted timeline of mandatory adoption for all businesses by January
2027.
6 Steps to follow For Implementing e-invoicing Successfully in Your Organization
1. Issuance of e-Invoice:
Issuance of e-Invoice by the supplier for sharing with MyInvois Portal
2. Real time validation of e-Invoice :
Real time validation of e-Invoice by the MyInvois Portal and a unique identifier number will be
issued to the supplier
3. Notification of validated e-Invoice :
Notification of validated e-Invoice by the IRBM to both the supplier and the buyer
4. Sharing of validated e-Invoice :
Sharing of validated e-Invoice embedded with QR code by the supplier to the buyer
5. The e-Invoice may be cancelled or rejected :
The e-Invoice may be
cancelled by the supplier or rejected by the buyer within 72 hours from the time of validation
6. The e-Invoice is stored in the MyInvois Portal:
The e-Invoice is stored in the MyInvois Portal and the records are accessible by the supplier or the buyer in the future
Adoption to e-Invoicing can be made easier, join our online Free Webinar “Tax Savvy Boss: e-invoicing Tactics Revealed” by Datin
Shin.
