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FACE-TO-FACE PUBLIC PROGRAM

E-INVOICING

5 CPD Points Awarded by MBOT

Venue : Dorsett Grand Subang Hotel, Selangor                     (SBL Khas / HRD Corp Claimable Course)

Date : 9 Dec  2024 (Mon)  |  9am – 5pm           By Poobalan

                                                            10 Dec 2024 (Tue)  |  9am – 5pm                                                                                  .

                       .

OVERVIEW:

To support growth of the digital economy, the Malaysian Government intends to implement e-Invoicing in stages in effort to enhance the efficiency and betterment of the country's tax administration management. The implementation of e-Invoicing to improve the quality of services and reduce compliance costs to taxpayers, while increasing the efficiency of business operations, as was announced by the Ministry of Finance.

Implementation timeline

The 2024 Finance Bill includes provisions modifying the timeline for introducing the e-invoicing mandate in Malaysia.

Malaysia’s Inland Revenue Board (IRB) has issued guidance notes on the launch of its B2B e-invoicing via a new MyInvois Portal or API interface, and B2C e-Receipt regimes, due to launch on 1 Aug 2024.

Although the first stage of implementation begins in Aug 2024 and is mandatory for business with a sales threshold of RM100m per year, the IRB welcomes organisations who are ready to undertake the programme to volunteer themselves for the pilot project.

e-Invoicing will become mandatory for all taxpayers regardless of sales threshold from July 2025. We should get ourselves ready and to gain an understanding and preparation of Malaysian e-invoicing, identify the impacts and operations.

E-invoicing process description

Issuers of invoices will be required to deliver them to government entities for verification and approval before sending them to recipients. Each invoice at this stage will be provided with a certificate with its serial number, which will be proof for both the issuer and the recipient that it has been issued correctly. An additional invoice verification method will require a QR code. Invoices will be exchanged mainly through the PEPPOL channel. The myTax portal will also be made available, which will enable manual issuing and receiving of e-invoices.

We are the first Training Provider, provide guidelines successfully after testing by our trainer. Live example will be shown together with the steps.

COURSE OUTCOMES:

After completing this course, participants will be able to understand and know the following:

-    Understanding what is E-Invoicing

-    The E-Invoicing rules in Malaysia

-    Benefits of E-Invoicing

-    E-Invoicing process description

-    E-Invoice implementation timeline

-    E-Invoicing: Impact on strategies and operations

-    (And, with Latest Updates, including MyInvois Portal access using Director’s MyTax)

OUTLINE OF WORKSHOP

** Digital Certificate of attendance will be awarded for those who completed the course

ABOUT THE FACILITATOR

Mr. Poobalan holds a Masters in Finance from University Sarawak Malaysia (UNIMAS) and a B.Acc. (Hons) in Accountancy from University Malaya (UM), Malaysia. He had also obtained a Chartered Accountant (CA) from Malaysian Institute of Accountants (MIA). Besides, he had obtained Company Secretarial license from Malaysian Institute of Accountants (MIA). He also become a certified Human Resources Development Fund (HRDF) Trainer for HRDF “Train The Trainer” (TTT), an Accredited certification program, since 2015. In year 2021 and 2022, he start to explore on new ventures into Traditional Siddha Practice to enhance his Varma practitioner experience since 2011, and he completed his Diploma with Bharat Sevak Samaj, India.

He started his career after graduation as an Audit Assistant at B.L Tan & Co., Subang Jaya branch, Selangor. After several years with Audit and Tax Manager Experience, he furthers his career at Inti International College, Subang Jaya as a Lecturer in Accounting, Auditing, Management Accounting, Costing, Taxation and Finance. He also promoted to be Head of Programs (HoP) for 4 Degrees, 2 Diplomas, and 2 Professional courses. Then, he has been appointed as a Chartered Accountant at SCI Tanzania. After several months with SCI Tanzania, he was later then employed by Pets Corner Sdn. Bhd. as a Group Financial Controller (under Medivet Group of Companies), till now.

He has more than 10 year experiences in training industries. He has develops and conducts training programmes on the topics of Accounting, Auditing, Management Accounting, Taxation, Team Building, Team Dynamic, Coaching & Counselling, Leadership, Communication, Project Risk & Supervisory and Stress Management, and also in Varma, SuJok and Mudra for holistic lifestyle in Malaysia. He also work together with Authority such as Lembaga Hasil Dalam Negeri (LHDN), Royal Malaysian Customs Department (RMCD) and others. Apart from Malaysia, he has also conducted seminars, talks and courses in Asia such as India and Taiwan and also ASEAN region such as Singapore & Thailand (Globalization), (Introduction of Accounting for simple understanding) and (Introduction to Auditing).

He had developed and presented proposal in Taxation and Accounting with local university (for his PhD proposal defence) and as Treasurer for Malaysian National Animal Welfare Foundation since 2010. He also had developed and conducted several Computerised Accounting software, soft and specialist trainings successfully.

(SBL Khas / HRD Corp Claimable Course)

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