The application of E-invoice in documenting of commercial activities tax purpose as announced by LHDN implemented in phases from Aug, 2024 onwards, is not solely a tax matter of about how much tax to pay or when to do your tax filing. The major part of it is all about your Accounting for the Revenue and Cost of the organization and the Business Operation at large, such as Sales, Purchasing, HRM, IT and all other Business Operations. The 3rd phase implementation for organizations whose revenue is above RM5.0m is already in place w.e.f. 1/7/2025. The 4th phase is for those organizations whose revenue above RM1.0m will take place w.e.f. 1/1/2026. While they will enjoy the 6 months grace period from its mandatory date of implementation, businesses also need to know what to do during their 6 months grace period to lead them to full implementation thereafter. What happen if you forget to implement, what should you do?

HENCE IT IS ALWAYS WISE FOR TAX PAYER TO HAVE AN UNDERSTANDING OF E INVOICE TREATMENT FOR DIFFERENT BUSINESS TRANSACTIONS TO ENSURE CORRECT TREATMENT TO AVOID PITFALLS DURING AND AFTER THE GRACE PERIOD.

Hence this program is to provide the necessary content of E-Invoice mechanism and to equip all Accounting and Operational Staffs of the organization on their e-invoice compliance requirement for your business transactions.

The need to know when to issue an E-Invoice to customers to capture the revenue, when to issue self-bill invoice to capture the cost, when suppliers are not required to issue E-invoice but require to issue consolidated e-invoice, etc. etc. are all essential knowledge and skills that all staffs in the organization needs to know and possess, to avoid pitfalls. It is therefore essential that all the Accounting and other Operational function staffs, get equip with the E-Invoice mechanism in our daily Accounting and Business operation.