E-Invoice – Wanconnect Group https://wanconnect.com.my Your Business Solution Partner Sat, 11 Nov 2023 15:36:16 +0000 en-US hourly 1 Implementation of E-Invoice in Malaysia: 10 Things to Take Note https://wanconnect.com.my/implementation-of-e-invoice-in-malaysia-10-things-to-take-note/ https://wanconnect.com.my/implementation-of-e-invoice-in-malaysia-10-things-to-take-note/#respond Fri, 10 Nov 2023 02:30:44 +0000 https://wanconnect.com.my/?p=8972 Malaysia is set to implement the electronic invoice (e-invoice) policy starting in 2024. Here are some key points to note:

1. Implementation Timeline

The implementation of e-invoices will be done in phases as follows:

PhaseDateApplicable Entities
Phase 1August 2024Companies with annual turnover exceeding RM 100 million
Phase 2January 2025Companies with annual turnover around RM 25 million
Phase 3July 2025All remaining companies

This phased implementation allows companies of all sizes to have sufficient time to adapt to the new e-invoice system.

2. E-Invoice Validation

After a transaction, businesses need to issue an E-invoice and submit it to LHDN for validation through MyInvois or API. This ensures the authenticity of the E-invoice and prevents forgery and tampering.

3. E-Invoice Retraction

If the buyer encounters any issues, they must notify the seller within 72 hours for the seller to retract the E-invoice. This provision protects consumer rights and allows sellers enough time to address the problem.

4. E-Invoice Viewing

Upon successful upload and validation of the complete E-invoice, the E-invoice information will be stored in the LHDN system. Both the seller and buyer can view the E-invoice anytime through their respective tax accounts (MyInvois) or accounting systems (API interface). This allows both parties to easily access and verify E-invoice information, eliminating the issues of lost or damaged physical invoices.

5. E-Invoice Format

E-invoices are different from the typical electronic documents (PDF) we receive via email. E-invoices have a special file format that can contain more information and can be better recognized and processed by electronic devices.

6. E-Invoice Transmission Mechanism

LHDN provides two electronic invoice transmission mechanisms: MyInvois web portal and application programming interface (API). Both options make it more convenient for businesses to upload and manage E-invoices.

7. MyInvois Platform

The MyInvois platform is a dedicated E-invoice system introduced by LHDN for taxpayers. It allows taxpayers to manually prepare individual E-invoices or upload multiple transaction E-invoices for LHDN’s authentication. This platform makes it easier for businesses to manage and track their E-invoices.

8. API Interface

The API interface enables businesses to link their own billing systems to LHDN, allowing them to upload E-invoices for authentication directly after generating them in their own billing systems. This streamlines the E-invoice management and tracking process for businesses.

9. Benefits of E-Invoices

E-invoices improve efficiency through automated processes, seamless data integration, and enhanced invoice management, resulting in time and cost savings for businesses. This method also provides businesses with a more convenient way to manage and track their E-invoices.

10. Digital Financial Reporting

For Micro, Small, and Medium Enterprises (MSMEs), the phased implementation of the E-invoice system provides a progressive and controlled transition, aligning their financial reporting and processes with industry-standard digitization. This ensures that MSMEs can adapt over time and mitigate potential risks.

This phased implementation approach allows companies of all types to have sufficient time to adapt to the new e-invoice system.

Copyright & Disclaimer:

Copyright: All content, including text, images, and other multimedia materials, posted on this platform is the intellectual property of Wanconnect Advisory PLT and CCL & Partners PLT. Unauthorized use or reproduction of any content without prior written permission is strictly prohibited.

Disclaimer: The information provided on this platform is for general informational purposes only. It does not constitute professional advice and should not be relied upon for making decisions. Wanconnect Advisory PLT and CCL & Partners PLT. is not responsible for any errors or omissions in the content or for any actions taken based on the information provided. We recommend seeking professional advice for specific situations. Wanconnect Advisory PLT and CCL & Partners PLT. reserves the right to modify, update, or remove any content without notice.


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Malaysia E-Invoice: Which Transmission Method Should You Choose? https://wanconnect.com.my/malaysia-e-invoice-which-transmission-method-should-you-choose/ https://wanconnect.com.my/malaysia-e-invoice-which-transmission-method-should-you-choose/#respond Fri, 10 Nov 2023 02:27:07 +0000 https://wanconnect.com.my/?p=8967 In 2024, the Inland Revenue Board of Malaysia (LHDNM) announced the implementation of the electronic invoice (e-invoice) policy, aimed at improving business efficiency and reducing tax evasion. To achieve this goal, LHDNM offers two electronic invoice transmission mechanisms: the MyInvois website and the Application Programming Interface (API).

MyInvois Website

The MyInvois website is an e-invoice system designed specifically for taxpayers and is suitable for small-scale transaction businesses. It allows taxpayers to manually prepare invoices or upload multiple transaction invoices in bulk for authentication by LHDNM. Invoices that are authenticated through MyInvois can be found and downloaded in the respective tax accounts of both the seller and the buyer.

The advantage of the MyInvois website is its simplicity and user-friendliness, as users only need to fill in the relevant information on the website to generate electronic invoices. Additionally, the MyInvois website provides additional features such as invoice search, viewing, and downloading.

However, the drawback of the MyInvois website is that for businesses with large transaction volumes, manually inputting each transaction’s information may be cumbersome.

API Interface

The API interface allows businesses to connect their own billing systems to LHDNM, enabling them to generate invoices through their own systems and subsequently upload them to LHDNM for authentication in one go. The API interface is suitable for businesses with large transaction volumes, but it comes with higher fees.

The advantage of the API interface is that it can automatically process a large number of transactions, greatly improving business efficiency. Additionally, the API interface can be integrated with other systems in the company, such as financial or inventory management systems, for unified data management.

However, using the API interface requires certain technical knowledge and may require hiring professional technical personnel for maintenance, accompanied by higher usage costs.

Which One to Choose?

The choice between the MyInvois website and the API interface mainly depends on the business’s needs and transaction volume. If the business has a smaller transaction volume, then the MyInvois website may be a better choice due to its lower cost. However, if the business has a larger transaction volume, then the API interface may be a better choice as it allows merchants to upload a large number of invoices at once.

Regardless of the chosen method, it is important to note that the implementation of e-invoices aims to improve business efficiency and reduce tax evasion. Therefore, businesses should choose the electronic invoice transmission mechanism that best suits their own needs.

Overall, the implementation of electronic invoices is an important step that plays a crucial role in improving business efficiency and reducing tax evasion. Businesses should actively participate in this process and select the electronic invoice transmission mechanism that is most suitable for them.

Copyright & Disclaimer:

Copyright: All content, including text, images, and other multimedia materials, published on this platform are the intellectual property of Wanconnect Advisory PLT and CCL Partners PLT. Unauthorized use or copying of any content is strictly prohibited without prior written permission.

Disclaimer: The information provided on this platform is for general informational purposes only. It does not constitute professional advice and should not be relied upon for making decisions. Wanconnect Advisory PLT and CCL Partners PLT are not responsible for any errors or omissions in the content or any actions taken based on the information provided. We recommend seeking professional advice for specific situations. Wanconnect Advisory PLT and CCL Partners PLT reserve the right to modify, update, or remove any content without prior notice.


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