E-Invoicing Seminar

Dato’ Sri Dr. Mohd Nizom Sairi
Former Chief Executive Officer, Inland Revenue Board of Malaysia (LHDN)

Macro Perspectives on E-Invoicing: Implications for Businesses, Citizens, and Government

– Overview of the e-Invoicing Framework.
– How e-invoicing can streamline business operations.
– Understanding how e-invoicing affects tax compliance and transparency.
– How e-invoicing supports improved revenue collection and reduces tax evasion.
– Examination of how other countries have successfully implemented e-invoicing.
– Analyzing the potential impact of e-invoicing on Malaysia’s economic environment.
– Strategic considerations for businesses, government, and citizens in adopting e-invoicing.
– Discussion on future trends and developments in e-invoicing.
– Final thoughts on the importance of strategic adoption and continuous adaptation.

Dr. Rasyidah Che Rosli
Director, e-Invoice Division, Tax Operations Department, Inland Revenue Board of Malaysia (LHDN)

Navigating E-Invoice Implementation and Current Status Update

– Overview of LHDN’s e-Invoicing Initiative.
– Current Status and Progress of e-Invoicing.
– Discussion of technical challenges faced during the initial rollout.
– Exploration of regulatory hurdles and compliance issues.
– Analysis of operational difficulties encountered by businesses.
– Strategic Direction for e-Invoicing.
– Practical Insights and Solutions.
– Implementation Across Various Organizational Context.
– Best practices for effective implementation in diverse organizational settings.
– Case studies and examples of successful e-invoicing adoption.
– Actionable steps for participants to take in their e-invoicing journey.

Mr. Vincent Lee
Chief Executive Officer, BigLedger / Wavelet

Technical Aspects of E-Invoicing: System and Technology

– Navigating Malaysia’s Mandated E-Invoice System.
– Strategic Preparation and PEPPOL Implementation.
– Identifying and Optimizing IT Systems.
– Review of existing IT systems: cloud-based applications, Windows platforms, CRM, and ERP software.
– Exploration of integration methods: point-to-point connections, data hubs, Enterprise Service Buses (ESBs).
– Omni-Channel Strategy and Leveraging Customer Portals.
– Development of a robust omni-channel strategy for customer communication.
– Integration of multi-messaging solutions to enhance communication across channels.
– Tools and technologies for seamless HR integration with the E-Invoice system.
– Supplier Management and Integration.

Ms. Lim Ai Chen
Director, PKF Malaysia

Accounting & tax compliance Implications of E-Invoicing in Malaysia

– Explain the regulatory framework, relevant laws and guidelines of E-invoicing in Malaysia and compliance requirements for business.
– Explain the accounting implication of E-invoicing, impact on financial reporting on revenue recognition process and impacted business processes areas.
– Real time reporting and its effect on financial reporting.
– Explain the real time reporting and its effect on financial statements.
– Explain impact on income tax reporting as well as indirect tax reporting implications.
– Handling tax invoices, credit notes, debit notes. Refund notes in an E-invoicing environment.
– Explain the audit trails and record keeping requirements.
– Explains impact on internal controls including adjustments to accommodate e-invoicing, enhancing controls on invoice processing as well as risk management.