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Boost Efficiency with Automated Invoicing


Datuk Dr. Mohd. Nizom announced Malaysia's progress in implementing e-invoicing for businesses, aiming to boost tax compliance and modernize operations.
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highlighted e-invoicing's crucial role in combating tax evasion in the informal economy, announcing the launch of a pilot project in January 2024. Businesses with annual revenue exceeding RM 100 million will be required to adopt e-invoicing by August 1, 2024.

Steven Sim

Deputy Finance Minister
What is Electronic invoicing?

Billions of invoices are exchanged daily, a process traditionally plagued by manual labor and errors.
E-invoicing, a digital revolution, automates the entire invoice lifecycle—from creation to archiving.
By leveraging technology and standards, it streamlines processes, saves time, reduces errors, and improves cash flow.
As governments worldwide mandate e-invoicing to enhance tax compliance and combat fraud, its adoption is rapidly accelerating.

e-Invoice Hub

Malaysia e-Invoice Guidelines

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Streamlined e-invoicing workflow

01

Issuance of e-invoice

When a sale of transaction is made(including e-invoices adjustment), the supplier creates and share it to IRBM via MyInvois Portal or API for validation.

Issuance of e-invoice

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02

Validation of e-invoice

IRBM Validation is performed in near real-time, ensuring that the e-invoice meets the necessary standards and criteria. Once validated the supplier will recevie a Unique Identifier Number from IRBM via MyInvois Portal or API

The Unique Identifier Number will allow traceability by IRBM an will reduce instances of tampering with the e-invoice.

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03

e-Invoice Confirmation

IRBM will inform both the supplier and buyer once e-Invoice has been validated via MyInvois Portal or APIs.


e-Invoice Confirmation

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04

Sharing of e-Invoice

Upon validation, the supplier is obliged to share the (embedded with a QR code) with buyer.

The QR Code can be used to validate the existence and status of the e-Invoice via MyInvois Portal.

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05

Rejection or Cancellation of e-Invoice

Upon issuance of e-Invoice,a stipulated period of time is given to: * Buyer to request for rejection of the e-invoice.
* Suppier to perform cancellation of e-invoice Rejection request or cancellation must be accompanied by justifications.

Rejection or Cancellation of e-Invoice

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06

MyInvois Portal

Supplier and buyer will be able to obtain a summary of the e-invoice transactions via MyInvois Portal.

MyInvois Portal

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E-Invoicing Advantages

01

Minimized Errors

Boost accuracy and efficiency by eliminating manual data entry.

02

Faster Payments

Receive faster payments and boost your cash flow with e-invoicing.

03

Better Visibility

Stay informed and make better business choices with real-time invoicing insights.

04

Greater Efficiency

Let automation handle routine tasks so your team can focus on strategic work.

05

Reduced Costs

Save money and the environment by switching to e-invoicing.

06

Easy Compliance

Avoid penalties and stay compliant with ease using our e-invoicing solution.

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