Now Hiring: Are you a driven and motivated IT Support Engineer? Contact Us!

Office Hours: Mon – Fri : 10AM – 7PM

 
Email Us for Inquiries
Office Address

Malaysia’s Mandatory E-Invoice Implementation: Is Your Business Ready?

The Inland Revenue Board of Malaysia (LHDN) is officially rolling out mandatory e-Invoice implementation starting in 2024. This marks a significant shift in how businesses issue and manage invoices, aiming to enhance transparency, simplify tax reporting, and support Malaysia’s digital transformation. The rollout will happen in phases based on annual turnover, giving businesses time to adapt. Staying informed and prepared is crucial to ensure compliance and maintain competitiveness in this new digital landscape.

“Empower your business with seamless e-Invoicing solutions — be future-ready.”

Let’s take a quick look at what e-invoicing is, why it’s essential for your business, and how we can assist you.

Use HTML Justify the content

What is an E-Invoice?

An e-Invoice, or electronic invoice, is a digital document that is structured in a machine-readable format and submitted directly to the Inland Revenue Board of Malaysia (LHDN) for tax compliance purposes. Unlike traditional invoice formats such as PDF, Excel, or Word, which are considered digital invoices and used mainly for human viewing or internal records, an e-Invoice must be generated in XML or JSON format. These formats allow for automated data processing and validation by LHDN’s system, ensuring accuracy and compliance. To be officially recognized as an e-Invoice in Malaysia, businesses must use XML or JSON—other formats will not be accepted for submission under the e-Invoicing framework.

Upcoming Info:

Explain what is e invoice including:

Process flow

and Type of e invoice

Will add on more if I can think tiok more haha

Who Needs to Comply?

LHDN has announced a phased implementation, starting with companies that have an annual revenue above RM100 million, and eventually covering all businesses across all industries. The timeline is tight, and non-compliance could lead to penalties and disruptions in business operations.

PhaseTargeted TaxpayersImplementation Date
1Taxpayers with an annual turnover or revenue of more than RM100 million1 August 2024
2Taxpayers with an annual turnover or revenue of more than RM25 million and up to RM100 million1 January 2025
3Taxpayers with an annual turnover or revenue of more than RM500,000 and up to RM25 million1 July 2025
4Taxpayers with an annual turnover or revenue of up to RM500,0001 January 2026

New Company Time

Tech-Driven, Fully Equipped to Support Your Transition

At Genesis Tech Solution, we go beyond just offering software consultation. We provide complete tech solutions to ensure your business is fully ready for e-Invoice compliance.

Our Services

We offer a wide range of services to assist businesses with the implementation of e-Invoice:

We provide seamless integration between your existing systems, such as POS, ERP, or accounting software, and the LHDN MyInvois portal, ensuring that your invoicing process is automated and fully compliant with the new requirements.

As an official collaborator of SQL Accounting, we specialize in providing full support for e-Invoice readiness, including system setup, testing, and training. This collaboration ensures that your business can integrate smoothly with the MyInvois system.

We also supply the necessary PCs and servers to host your SQL Accounting system and ensure your infrastructure is robust enough to handle the demands of digital invoicing. Our hardware solutions are specifically tailored to support seamless accounting operations.

To help your team fully understand and implement the e-Invoice system, we offer custom workflow design and comprehensive staff training. We ensure that your team is well-equipped to handle the transition and use the system efficiently.

Before your business goes live with e-Invoicing, we conduct extensive testing to ensure that your system is fully compatible with the MyInvois platform and complies with LHDN’s requirements. We also provide ongoing technical support to help you resolve any issues that may arise post-deployment.

Additionally, our team offers expert consulting services to help you plan your transition to e-Invoice and ensure that your solution is scalable for future growth. We work closely with you to create a customized plan that meets the specific needs of your business.

Why Choose Us?

Our team at Genesis Tech Solution is committed to providing the best solutions for your business. We understand both backend system architecture and LHDN requirements, ensuring that your transition to e-Invoicing is as smooth and efficient as possible.

We offer full-stack support, covering everything from the technical side of hardware supply to the software integration and user training. We make sure that you have everything you need to meet the new e-Invoice requirements.

Our collaboration with SQL Accounting gives us an edge in ensuring that your system is fully integrated and works seamlessly with the MyInvois platform. You can rely on us to provide timely support and ensure a smooth implementation process.

Our solutions are designed for fast deployment and secure integration, following best practices for data security and system performance.

Ready to Go Digital?

Don’t wait until the last minute. Future-proof your invoicing process today. Let us help you with the transition — from system setup to ongoing support.

Let’s talk about how we can help.
WhatsApp / Call: +6016-402 8208
Email: genesis-tech@hotmail.com
Website: https://genesistech.com.my

Get A Quick and Easy Understanding from our social media post:

Leave A Comment

Your email address will not be published. Required fields are marked *