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 E-Invoice of Threshold ⬆️ to RM 1 million, Announced on 6 dec 2025

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TSplouffle0789
post Jun 20 2024, 09:36 PM, updated 6d ago

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Date Implementation Details
1 August 2024 Implemented for taxpayers with an annual turnover of RM 100 million and above.
1 January 2025 Implementation for taxpayers with an annual turnover between RM 25 million and RM 100 million.
1 July 2025 Full and comprehensive implementation for all remaining taxpayers with an annual turnover between RM 500,001 and RM 24.99 million.
1 January 2026 Full and comprehensive implementation for all remaining taxpayers with an annual turnover between (RM 150k – RM 500k)



/------------------/------------------------------------/-----------------------------/
Scenario Condition e-Invoice Start Date
/------------------/------------------------------------/-----------------------------/
Scenario A YA2022 revenue < RM1,000,000 Exempted (if qualifies)
(Qualifies for + Individual shareholders only
Exemption) + No holding/subsidiary company
+ No related company > RM1,000,000
/------------------/------------------------------------/-----------------------------/
Scenario A Any of YA2023 / YA2024 / YA2025 1 July 2026
revenue > RM1,000,000
/------------------/------------------------------------/-----------------------------/
Scenario A YA2026 or later 1 Jan of the following year
revenue > RM1,000,000
/------------------/------------------------------------/-----------------------------/
Scenario B Does NOT qualify for exemption 1 July 2026 (Mandatory)
(Not Exempted) (corporate shareholder / subsidiary
/ related company > RM1,000,000)
/------------------/------------------------------------/-----------------------------/






https://bukku.my/

https://mytax.hasil.gov.my/


Lotus's , Econsave, AEON, AEON BIG,
Giant, Jaya Grocer ,
Village Grocer,
Cold Storage,
MASLEE,
MYDIN,
THE STORE,
KK MART,
99 SPEEDMART,
TF VALUE MART,
and NSK




You need to ensure that all e-invoices are submitted to LHDN Malaysia and accounted for by the 7th day of the following month.
.


QUOTE
Annual Sales between RM150k to RM500k, the implementation date will be postponed to 1st January 2026.


The Malaysian government has announced a significant extension of the e-Invoicing implementation deadline for small and medium enterprises (SMEs), pushing the requirement to January 1, 2026.

This crucial decision affects businesses with annual revenue between RM150,000 and RM500,000, providing essential breathing room for digital transformation.

Key Highlights of the e-Invoicing Extension:


Implementation deadline extended to 1st January 2026
In addition, six-month transition period will also be provided
Over 240,000 SMEs to benefit from the extension
Businesses earning below RM150,000 annually fully exempted
Free access to MyInvois portal and mobile app


RM 150,000 divided by 365 days equals approximately around RM 411 per day.



RM 500,000 divided by 365 days equals approximately around RM 1,370 per day. ​



***** 2 July 2024 News *****

KUALA LUMPUR: Micro, small and medium enterprises (MSMEs) that are earning less than RM 150,000 annually are not required to issue e-invoices, says Finance Minister II Datuk Seri Amir Hamzah Azizan (pic).

“For now, traders with annual sales below RM150,000 are not required to issue e-invoices.


The e-Invoice, introduced by the Inland Revenue Board of Malaysia (IRB) or LHDN Malaysia, encourages businesses in the nation to adopt digitalization and transact efficiently and accurately.


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The Malaysian government has announced that on April 1, 2015, it will implement a Goods and Services Tax (GST) of 6 percent.


What is Sales and Service Tax?

SST, or Sales and Service Tax, is the major consumption tax that is charged on the sale of goods and services.

Since SST is a consumption tax in Malaysia, tax burden is ultimately borne by consumers. This means that businesses are responsible for collecting the tax from consumers as part of the purchase price and remitting it to the government.


SST comprises two separate taxes: Sales Tax and Service Tax. Sales Tax is applicable to taxable goods either manufactured in or imported into Malaysia, while Service Tax is levied on specific services provided by businesses in Malaysia.


SST is applied at a single stage, either during the manufacturing process or at the point of consumption of goods and services.


14th Malaysia General elections were held in Malaysia on Wednesday, 9 May 2018.


The Ministry of Finance ("MOF") has announced that the Goods and Services Tax ("GST") standard rate will be changed from six percent (6%) to zero percent (0%) *****effective 1st June 2018.*********

Just 22 days after 14th General Election...........


Sales and Services Tax in Malaysia was officially reintroduced on
****1 September 2018*****, replacing the former Goods and Services Tax (GST) system.


The Goods and Services Tax Act 2014 was repealed with effect from 1 September 2018. Notwithstanding, any liability arising under the GST Act will remain.


------------------------------------------
------------------------------------


So Genting Highlands Malaysian Food Street and Medan Selera ,skyway should start this e-invoice at 1 August 2024?


TNB and RANHILL SAJ SDN. BHD.

Should start also ????


How is e-Invoice different from traditional invoice?
The main purpose of e-invoice is for buyers to claim tax relief. Buyers must request e-invoice from sellers if the transaction is eligible for tax relief. Hence, the details required on e-invoice are more detailed than a normal invoice, which include buyers’ TIN number, IC number and others.
If the expenses is not for tax relief (e.g. daily expenses), then the buyer is not required to request e-invoice





Besides, another purpose of the initiative of implementing e-Invoice by the government is that it enables a better administration of taxes by the government and enhances tax compliance, as the proposal of utilizing Tax Identification Number (TIN) and e-Invoicing can also reduce fraud, shadow economy and revenue leakage in the nation.


It also serves as the approach to substitute GST


for the moment as a method of efficient administration, as shared by Datuk Seri Ahmad Maslan, Deputy Minister of Finance Malaysia.




With the taxpayers are urged to prepare early to ensure full compliance with the requirements and to get through the acclimation period smoothly and, at the same time, transact easily among suppliers and buyers.


Prohibition on the Use of Consolidated E-Invoices in Seven Key Industries
June 19, 2024
Recently, many companies have faced the challenge of the Inland Revenue Board (LHDN) mandating the implementation of the e-Invoice system.
When "e-Invoice" is mentioned, most business owners break into a cold sweat. Fear often arises from the unknown; because e-Invoices are a new concept, many do not know where to start, which causes anxiety.
**Is the e-Invoice system a good solution for standardizing all business transaction records?**
Yes! The e-Invoice system standardizes all business transaction records, effectively improving business efficiency, preventing financial confusion, making illegal businesses visible, preventing tax evasion, and enhancing tax compliance and transparency. However, this system is much more complex than you might imagine.
**Types of e-Invoices**
1. **Invoice:** A commercial document detailing the transaction between the seller and the buyer. This includes self-billed e-Invoices by the buyer to record their expenses.
2. **Credit Note:** Issued by the seller to correct errors, generally used to provide discounts or adjustments to a previous e-Invoice without refunding the buyer.
3. **Debit Note:** Used to adjust a previous e-Invoice due to additional charges incurred.
4. **Refund Note:** An e-Invoice issued by the seller to the buyer confirming a refund.
**Key Steps in Issuing an e-Invoice**
The article details six major steps in the process of issuing e-Invoices.
**What about retailers?**
Retail businesses operate in a B2C (Business to Consumer) model. Issuing an e-Invoice for every transaction would be cumbersome. This is where the Consolidated e-Invoice comes in handy.
**What is a Consolidated e-Invoice?**
A Consolidated e-Invoice is an e-Invoice issued by the seller that avoids the need for a separate e-Invoice for each transaction. If the buyer does not request an e-Invoice, the seller can issue a regular invoice and consolidate these into one e-Invoice at the end of the month, submitting it to the LHDN within seven days after the month's end.
**Example:**
- **01.01.2025 – 31.1.2025:** End of January business/sales.
- **1.2.2025 – 7.2.2025:** Consolidate and issue a consolidated e-Invoice based on the previous month’s sales invoices and submit it to the LHDN within seven days.
**Seven Industries Prohibited from Using Consolidated e-Invoices**
The tax authorities have specified that the following industries must issue an e-Invoice for each transaction:
1. Automotive industry
2. Aviation industry
3. Luxury goods and jewelry (taxpayers may issue consolidated e-Invoices until further notice from the LHDN if the buyer does not request an e-Invoice)
4. Construction industry
5. Wholesalers and retailers of construction materials
6. Licensed betting and gaming
7. Payments to agents, dealers, and distributors
**e-Invoice Two-Day Intensive Workshop **
Feeling uneasy about the e-Invoice policy or have many questions about e-Invoices? Don’t worry, you're not alone!
Many entrepreneurs are confused and anxious about the e-Invoice policy and unsure how to start converting their transactions to the e-Invoice system.
**By participating in the e-Invoice Two-Day Intensive Workshop, you will learn:**
- Key points of e-Invoices
- Overview of e-Invoice workflow
- Proof of income
- Proof of expenditure
- Transition period for e-Invoice implementation
- Required data fields for e-Invoices and SDK code
- Who can be exempted from implementing e-Invoices
- Internal group transactions
- API introductory guide
- Laws and regulations regarding e-Invoices




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I need to enter items like motor, gear oil, engine oil, oil filter, spark plug, water tank, brake pad, air filter, engine overhaul, tuning, lights, windshield wiper, and battery (with many models) ......... into the e-invoice billing system.


Car workshop.


Otherwise customer will get blank receipt.


The software can?

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https://mdec.my/national-einvoicing

Malaysia’s Peppol Solution and Service Providers:

List of Peppol-Ready Solution Providers (Published on 12/07/2024)
List of Service Providers (Published on 12/07/2024)


# Company Name URL Status
1 Advintek Consulting Services Sdn. Bhd [Advintek](https://einvoice.advintek.com.my/)
2 Avalara Europe Limited [Avalara](https://www.avalara.com/)
3 B2BROUTER GLOBAL SL [B2BROUTER](https://www.b2brouter.net) Accredited
4 Basware Corporation [Basware](https://www.basware.com/en/) Accredited
5 Beacon Systems Sdn Bhd [Beacon Systems](https://beaconx.com.my/) Accredited
6 B-Global Sdn. Bhd [B-Global](https://b-globaltechnology.net/) Accredited
7 Bigledger Sdn Bhd [Bigledger](https://bigledger.com/) Accredited
8 Billit BV [Billit](https://www.billit.eu/en-int/) Accredited
9 Century Software (M) Sdn Bhd [Century Software](https://centurysoftware.com.my) Accredited
10 Cleartax (Defmacro Software) [Cleartax](https://cleartax.com/my/en) Accredited
11 Comarch S.A. [Comarch](https://www.comarch.com) Accredited
12 Complyance, Inc.


5195
CENSOF HOLDINGS BERHAD

Pagero AB



Many also....



Undergoing Accreditation for Peppol Access Point/ Service Providers (SP)




Accenture Sdn Bhd


Level 30 ,
Menara Exchange ,
106 Lingkaran TRX,
Tun Razak Exchange ,
KUALA LUMPUR 55188 ,
Malaysia





---------------------------------------------------


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No. Company Name Address Phone Number
1 Ernst & Young Tax Consultants Sdn Bhd B-15, Medini 9, Persiaran Medini Sentral 1, Bandar Medini Iskandar, Johor Darul Ta’zim, Iskandar Puteri 79250 N/A
2 KPMG Tax Services Sdn. Bhd. Level 3, CIMB Leadership Academy, 3, Jalan Medini Utara 1, Medini Iskandar, 79200 Iskandar Puteri, Johor +60(7) 266 2213
3 PWC ************* Menara Ansar, Level 16, Jalan Trus, 80000 Johor Bahru, Johor +60 (7) 218 6000
4 Deloitte ************ Suite 27-01, Level 27, Menara JLAND, Johor Bahru City Centre, Jalan Tun Abdul Razak, Johor Bahru 80000 +607 268 0888


Rank Top 10 Accounting Firm Revenue (USD billion)
1 Deloitte 64.9
2 PwC 53
3 EY 49.4
4 KPMG 36.4
5 BDO 14
6 RSM 8
7 Grant Thornton 6.6
8 Nexia International 5
9 Crowe Horwath 4.3
10 Baker Tilly 4.3



No. Company Name Address Phone Number
1 RSM *********** Suite 16-02, Level 16, Menara Landmark, No. 12, Jalan Ngee Heng, 80000 Johor Bahru, Johor, Malaysia +6 (07) 276 2828
2 BDO Technology Solutions Sdn Bhd (same building as Grant Thornton ) Suite 18-04, Level 18, Menara Zurich, 15, Jalan Dato' Abdullah Tahir, Johor Bahru 80300, Malaysia +607 331 9815
3 Grant Thornton Malaysia PLT (201906003682 & AF 0737) Suite 28.01, 28th Floor, Menara Zurich, No.15, Jalan Dato’ Abdullah Tahir, 80300 Johor Bahru, Johor +607 332 8335
4 CROWE HORWATH JB TAX SDN. BHD. Pusat Komersial Bayu Tasek, Unit E-2-3, Persiaran Southkey 1, Kota Southkey, Johor Bahru, 80150, Johor +607 288 6627
5 BAKER TILLY MONTEIRO HENG TAX SERVICES SDN. BHD. 38-02, Jalan Sri Pelangi 4, Taman Pelangi, 80400 Johor Bahru, Johor +60 7 - 332 6925 / 7332 6926 / 7289 2925

**Note:** There are no Nexia accounting firms in Johor.




Surprisingly, Accenture , BDO and Ernst & Young Tax Consultants Sdn Bhd are still undergoing accreditation.




Nasi Lemak
Pisang Goreng
Ramly Burger Stall
Cendol



Ayam Goreng
Mee Goreng Pasar Malam
Laksa
Mee Rebus
Mee Soto



ROJAK
KARIPAP
Air Tebu
Air kelapa



Popiah
Tau Fu Fa
Cincao
Air Sirap Bandung


Aspect Details
**Annual Sales Threshold** RM 150,000
**Monthly Sales Threshold** RM 12,500 (RM 150,000 divided by 12 months)
**E-Invoicing Requirement** Required if annual sales exceed RM 150,000.





This post has been edited by plouffle0789: Dec 17 2025, 10:54 AM
Zhik
post Jun 20 2024, 09:46 PM

eeerrrmmmnnn, stupidity has no limit?
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Well, where is the loop hole to evade tax?
moiskyrie
post Jun 20 2024, 09:55 PM

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So both seller and buyer don't want e-invoice,
Both can lari tax as seller no need issue invoice,
So no record of the transaction...?
Hardcore Leveling Warrior
post Jun 20 2024, 10:06 PM

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just re-implement GST la. no need to malu.
Iceman74
post Jun 20 2024, 10:09 PM

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QUOTE(moiskyrie @ Jun 20 2024, 09:55 PM)
So both seller and buyer don't want e-invoice,
Both can lari tax as seller no need issue invoice,
So no record of the transaction...?
*
but buyer want to claim the purchase as expenses in the company..how ar?
if no invoice, later want to claim warranty, how ar?

This post has been edited by Iceman74: Jun 20 2024, 10:10 PM
JohnLai
post Jun 20 2024, 10:11 PM

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Just go back the the ancient system of bartering.
h@ksam
post Jun 20 2024, 10:18 PM

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From: KL
jual ramly burger, key in tax invoice

1 x roti
1 x beef patty
1 x cheese
tambah sos cili
kurang mayo
tambah bawang
tak mau sayur
kurang sos magg-

"woi bang, bila nak siap bayar ni, burger pon dah sejuk"


dest9116
post Jun 20 2024, 10:19 PM

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Recently, many companies have faced the challenge of the Inland Revenue Board (LHDN) in mainland China mandating the implementation of the e-Invoice system.

Untunglah special China region of Malaysia
jayakumarsc2
post Jun 20 2024, 10:20 PM

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how about government departments? do they submit their invoices?


where the ketelusan that pmx promised?

i want to see the spreadsheet for jabatan pendidikan palestin


pgsiemkia
post Jun 20 2024, 10:22 PM

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QUOTE(moiskyrie @ Jun 20 2024, 09:55 PM)
So both seller and buyer don't want e-invoice,
Both can lari tax as seller no need issue invoice,
So no record of the transaction...?
*
Later sell goreng pisang or ckt need to submit invoice. Salah Dap, need to make money for pmx.

coconutxyz
post Jun 20 2024, 10:23 PM

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QUOTE(jayakumarsc2 @ Jun 20 2024, 10:20 PM)
how about government departments? do they submit their invoices?
where the ketelusan that pmx promised?

i want to see the spreadsheet for jabatan pendidikan palestin
*
Government no need
JonSpark
post Jun 20 2024, 10:25 PM

ai shiteru
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QUOTE(Hardcore Leveling Warrior @ Jun 20 2024, 10:06 PM)
just re-implement GST la. no need to malu.
*
Manja madonon ni
0168257061
post Jun 20 2024, 10:31 PM

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From: JAVABUS


Good. Let the e-invoice to phase out all those people who are outdated and unable to keep up.
TSplouffle0789
post Jun 20 2024, 10:35 PM

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QUOTE(Hardcore Leveling Warrior @ Jun 20 2024, 10:06 PM)
just re-implement GST la. no need to malu.
*
Any related of GST and e invoice?

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This post has been edited by plouffle0789: Oct 19 2024, 04:37 AM
fantasy1989
post Jun 20 2024, 10:36 PM

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QUOTE(Iceman74 @ Jun 20 2024, 10:09 PM)
but buyer want to claim the purchase as expenses in the company..how ar?
if no invoice, later want to claim warranty, how ar?
*
depend on the amount.. petty cash does exist

unless there are mutual agreement la ..like seller sell u cheaper but as return no official receipt ..else why buyer willing to "take risk"


e-invoice or even GST just make you evade tax harder ; but technically still doable ..


in be4 GST still more superior because gov "hostage" your paid tax ..u need to submit almost exact amount to claim back all/or as many as possible

BN they magic and delay the tax claim ; but PH decided to kill it instead of refine the tax claim process

This post has been edited by fantasy1989: Jun 20 2024, 10:39 PM
Iceman74
post Jun 20 2024, 10:38 PM

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QUOTE(fantasy1989 @ Jun 20 2024, 10:36 PM)
depend on the amount.. petty cash does exist

unless there are mutual agreement la ..like seller sell u cheaper but as return no official receipt ..else why buyer willing to "take risk"
e-invoice or even GST just make you evade tax harder ; but still technically still doable ..
in be4 GST still more superior because gov "hostage" your paid tax ..u need to submit almost exact amount to claim back all/or as many as possible
*
Haha... once kena caught, u know how much the penalty ar?
LHDN already standby officers act as customers to caught all this whistling.gif
Zaryl
post Jun 20 2024, 10:41 PM

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so, like me who runs a rental house side business, no need to prepare this e-Invoice to my tenant right?

I do keep my own excel ledger (credit debit) and pay the tax appropriately after deducting the annual repair cost if any, sewage treatment fees (Indah Water), Assessment tax, quit rent & misc costs.
fantasy1989
post Jun 20 2024, 10:41 PM

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QUOTE(Iceman74 @ Jun 20 2024, 10:38 PM)
Haha... once kena caught, u know how much the penalty ar?
LHDN already standby officers act as customers to caught all this  whistling.gif
*
enforcement will be another story

just saying still doable but harder than now

especially after july 2025 ..can ask lhdn go track every warung at roadside

This post has been edited by fantasy1989: Jun 20 2024, 10:43 PM
h@ksam
post Jun 20 2024, 10:41 PM

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QUOTE(Iceman74 @ Jun 20 2024, 10:38 PM)
Haha... once kena caught, u know how much the penalty ar?
LHDN already standby officers act as customers to caught all this  whistling.gif
*
Ops 3.0 sticker still stuck on our door, dunno what syaitan stickers they use.
Iceman74
post Jun 20 2024, 10:55 PM

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QUOTE(fantasy1989 @ Jun 20 2024, 10:41 PM)
enforcement will be another story

just saying still doable but harder than now

especially after july 2025 ..can ask lhdn go track every warung at roadside
*
LHDN are playing a long game.. enforcement are just a small part to create awareness that not compliance will have consequences.

If you attend LHDN seminar and others, the database they are collecting will be more and more polish for AI to identify those evaders

E-Inv are just 1st step only

There are E-payment & etc

me also pening but like those senior said.. enjoyed this 1.5 years first sweat.gif
TSplouffle0789
post Jun 20 2024, 11:28 PM

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QUOTE(h@ksam @ Jun 20 2024, 10:41 PM)
Ops 3.0 sticker still stuck on our door, dunno what syaitan stickers they use.
*
Ops 3.0?

Never heard this


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Like this sure habis right?

So every shop later must have at least one Laptop or computer right?

Must buy printer also

This post has been edited by plouffle0789: Jun 21 2024, 12:45 AM
TSplouffle0789
post Jun 20 2024, 11:50 PM

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QUOTE(h@ksam @ Jun 20 2024, 10:18 PM)
jual ramly burger, key in tax invoice

1 x roti
1 x beef patty
1 x cheese
tambah sos cili
kurang mayo
tambah bawang
tak mau sayur
kurang sos magg-

"woi bang, bila nak siap bayar ni, burger pon dah sejuk"
*
user posted image


Many seafood restaurant ,kedai runcit and small kedai mamak no give receipt until now....


So in before 1 july 2025,they must buy printer and computer or laptop?





Pagero AB

user posted image

Many also....



Undergoing Accreditation for Peppol Access Point/ Service Providers (SP)



user posted image
Accenture Sdn Bhd

BDO Technology Solutions Sdn Bhd

user posted image


Ernst & Young Tax Consultants Sdn Bhd


user posted image


Deloitte never applied?



Surprisingly, Accenture , BDO and Ernst & Young Tax Consultants Sdn Bhd are still undergoing accreditation.

This post has been edited by plouffle0789: Jul 20 2024, 08:00 AM
TSplouffle0789
post Jun 21 2024, 02:44 AM

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QUOTE(Iceman74 @ Jun 20 2024, 10:38 PM)
Haha... once kena caught, u know how much the penalty ar?
LHDN already standby officers act as customers to caught all this  whistling.gif
*
user posted image

This kind of invoice need buy software and laid license fees every year?



Seems I need to buy a laptop and printer for my father workshop.....


Dell Latitude 3450 Laptop


💸 RM 3,782.76
🚚 Free Shipping. Price above includes Tax.

🖥️ Processor
13th Gen Intel® Core™ i3-1315U (10 MB cache, 6 cores, 8 threads, up to 4.5 GHz Turbo)

🪟 Operating System
Windows 11 Pro, English

🧠 Memory
16 GB: 1 x 16 GB, DDR5, 5600 MT/s (5200 MT/s with 13th Gen Intel® Core™ processors)

💾 Hard Drive
1TB, M.2 2230, QLC PCIe Gen 4 NVMe

🎨 Video Card
Intel 13th Generation i3-1315U, Intel Integrated Graphics

This post has been edited by plouffle0789: Jun 21 2024, 02:46 AM
kamfoo
post Jun 21 2024, 02:47 AM

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gg
keyibukeyi
post Jun 21 2024, 03:20 AM

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Where to get the software?
TSplouffle0789
post Jun 21 2024, 03:35 AM

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QUOTE(keyibukeyi @ Jun 21 2024, 03:20 AM)
Where to get the software?
*
Accounting company have?





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This post has been edited by plouffle0789: Jul 22 2024, 09:46 PM
spamfish
post Jun 21 2024, 03:35 AM

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siapa kroni yg dapat tender ni? berbillion...
Chisinlouz
post Jun 21 2024, 08:00 AM

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Type M : x boley niaga doh.

Drives away in Alphard full with cosmetics

No receipt.
dest9116
post Jun 21 2024, 08:07 AM

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QUOTE(keyibukeyi @ Jun 21 2024, 03:20 AM)
Where to get the software?
*
I read that the software gov give for free
TheEvilMan
post Jun 21 2024, 08:13 AM

囧囧囧囧囧囧囧囧囧囧囧囧
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QUOTE(moiskyrie @ Jun 20 2024, 09:55 PM)
So both seller and buyer don't want e-invoice,
Both can lari tax as seller no need issue invoice,
So no record of the transaction...?
*
But input got recorded how seller justify their stock count if question by lhdn?
kelvinng92
post Jun 21 2024, 08:15 AM

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QUOTE(keyibukeyi @ Jun 21 2024, 03:20 AM)
Where to get the software?
*
There will be a web portal for it, can also integrate their SDK to own software for developer
Iceman74
post Jun 21 2024, 09:33 AM

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QUOTE(plouffle0789 @ Jun 21 2024, 02:44 AM)
user posted image

This kind of invoice need buy software and laid license fees every year?
Seems I need to buy a laptop and printer for my father workshop.....
Dell Latitude 3450 Laptop
💸 RM 3,782.76
🚚 Free Shipping. Price above includes Tax.

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there are a apps where you can key in the e-inv. develop by LHDN and can use for free
But the apps will not record any of the info for reuse example customer info & stock item info.
Imagine you need to key in every e-inv from beginning to the end covering 55 field to be key in rclxub.gif

for your case, i think you got no choice but to buy a software for your father workshop as i believe yr father customers will want e-inv to claim as expenses in their company

The only think it will happen that those morning nasi lemak sellers/ night burger sellers will not selling to you if want e-inv tongue.gif
They just do consolidated inv once a months
TSplouffle0789
post Jun 21 2024, 09:41 AM

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QUOTE(Iceman74 @ Jun 21 2024, 09:33 AM)
there are a apps where you can key in the e-inv. develop by LHDN and can use for free
But the apps will not record any of the info for reuse example customer info & stock item info.
Imagine you need to key in every e-inv from beginning to the end covering 55 field to be key in  rclxub.gif

for your case, i think you got no choice but to buy a software for your father workshop as i believe yr father customers will want e-inv to claim as expenses in their company

The only think it will happen that those morning nasi lemak sellers/ night burger sellers will not selling to you if want e-inv  tongue.gif
They just do consolidated inv once a months
*
May you share the LHDN free apps download link?

Most of our customers have personal use cars.

But we have one company customer.

His three vans come to our workshop.

This post has been edited by plouffle0789: Jun 21 2024, 09:42 AM
MR_alien
post Jun 21 2024, 09:41 AM

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QUOTE(plouffle0789 @ Jun 20 2024, 11:28 PM)
Like this sure habis right?

So every shop later must have at least one Laptop or computer right?

Must buy printer also
*
every legal shop should have a POS system to record sales
yet u still can see business that doesn't have that
9m2w
post Jun 21 2024, 09:42 AM

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QUOTE(Hardcore Leveling Warrior @ Jun 20 2024, 10:06 PM)
just re-implement GST la. no need to malu.
*
GST doesnt stamp out fradulent transactions

GST03 form and GAF files only records transactions. Only if custom performs a desk audit can they verify if really the invoice is fake. And even then they will only hit you for value added tax offences

E-invoicing is an LHDN initiative that vouches the invoices immediately at the source.

Serious why not both? Singapore does it
TSplouffle0789
post Jun 21 2024, 09:43 AM

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QUOTE(MR_alien @ Jun 21 2024, 09:41 AM)
every legal shop should have a POS system to record sales
yet u still can see business that doesn't have that
*
Many car workshop still no laptop and printer.

They use handwriting book....
dawnreaver
post Jun 21 2024, 09:44 AM

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Nasi lemak, chicken rice and roti canai sellers cannot evade tax already.
Avangelice
post Jun 21 2024, 09:57 AM

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I don't get it.

Say I'm a sme. I issue my customer a receipt, but I don't key it into the e invoice system. I don't think the customer will rajin upload his receipt right? So how to cross check on government side?

This post has been edited by Avangelice: Jun 21 2024, 10:01 AM
TSplouffle0789
post Jun 21 2024, 10:21 AM

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QUOTE(Avangelice @ Jun 21 2024, 09:57 AM)
I don't get it.

Say I'm a sme. I issue my customer a receipt, but I don't key it into the e invoice system. I don't think the customer will rajin upload his receipt right? So how to cross check on government side?
*
I think once you issue a receipt (not a handwritten one, but one printed from a Printer )to customer, this receipt should also be in the e-invoice system.



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QUOTE(Avangelice @ Jun 21 2024, 09:57 AM)
I don't get it.

Say I'm a sme. I issue my customer a receipt, but I don't key it into the e invoice system. I don't think the customer will rajin upload his receipt right? So how to cross check on government side?
*
If your customer is a business, surely they will want their purchase to be validated thru e-invoice, otherwise maybe their purchase will be disqualified when doing tax computation.
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QUOTE(plouffle0789 @ Jun 21 2024, 10:21 AM)
I think once you issue a receipt (not a handwritten one, but one printed from a Printer )to customer, this receipt should also be in the e-invoice system.
*
That's why some businesses have manual invoice that's printed. Hence why I don't see how B2C companies will get their cash paying customers validated if the customer doesn't upload the invoice.

B2B yes I understand. But for companies at the end of the trail?
fongsk26
post Jun 21 2024, 10:29 AM

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QUOTE(dest9116 @ Jun 20 2024, 10:19 PM)
Recently, many companies have faced the challenge of the Inland Revenue Board (LHDN) in mainland China mandating the implementation of the e-Invoice system.

Untunglah special China region of Malaysia
*
In China, if not mistaken, they issue invoice. Usually you can ask them to ‘fa piao’. In mandarin.
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post Jun 21 2024, 10:29 AM

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QUOTE(Avangelice @ Jun 21 2024, 10:26 AM)
That's why some businesses have manual invoice that's printed. Hence why I don't see how B2C companies will get their cash paying customers validated if the customer doesn't upload the invoice.

B2B yes I understand. But for companies at the end of the trail?
*
Business-to-consumer (B2C)

I think Customer no need to update receipt to LHDN.
After 1 july 2025,we cannot use hand write invoice right?




Imagine every customer need to upload receipt to LHDN from the 7-11 shop?

LHDN server also cannot store and hang.
fongsk26
post Jun 21 2024, 10:30 AM

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QUOTE(pgsiemkia @ Jun 20 2024, 10:22 PM)
Later sell goreng pisang or ckt need to submit invoice. Salah Dap, need to make money for pmx.
*
I think all registered company. But if not registered, cannot issue e invoice.
Iceman74
post Jun 21 2024, 10:30 AM

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QUOTE(plouffle0789 @ Jun 21 2024, 09:41 AM)
May you share the LHDN free apps download link?

Most of our customers have personal use cars.

But we have one company customer.

His three vans come to our workshop.
*
haha.. as usual.. not yet ready to release doh.gif
need to wait till dunno when
Even those software house doing testing linking to LHDN server also vomit blood now ranting.gif
Avangelice
post Jun 21 2024, 10:32 AM

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QUOTE(plouffle0789 @ Jun 21 2024, 10:29 AM)
Business-to-consumer (B2C)

I think Customer no need to update receipt to LHDN.
After 1 july 2025,we cannot use hand write invoice right?
Imagine every customer need to upload receipt to LHDN from the 7-11 shop?

LHDN server also cannot store and hang.
*
Exactly why I know some of my colleagues will still not key in their cash in their system with e invoice.
fongsk26
post Jun 21 2024, 10:33 AM

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QUOTE(dest9116 @ Jun 21 2024, 08:07 AM)
I read that the software gov give for free
*
Only for basic one where there is minimal transactions. You have to manually key in all data one by one. A commercial one will have all the dB saved and you can call the info out and just let in the amount and products..
iGamer
post Jun 21 2024, 10:39 AM

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QUOTE(plouffle0789 @ Jun 21 2024, 10:29 AM)
Business-to-consumer (B2C)

I think Customer no need to update receipt to LHDN.
After 1 july 2025,we cannot use hand write invoice right?
Imagine every customer need to upload receipt to LHDN from the 7-11 shop?

LHDN server also cannot store and hang.
*
Isn't the thread title "consolidated e-invoice" (CEI), CEI is issued for retail business where it's impractical to issue individual e-invoice for every transaction.
TSplouffle0789
post Jun 21 2024, 10:40 AM

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QUOTE(Avangelice @ Jun 21 2024, 10:32 AM)
Exactly why I know some of my colleagues will still not key in their cash in their system with e invoice.
*
What is your company industry?

You mean some colleagues not follow company decision?

All staff should key in right?
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QUOTE(plouffle0789 @ Jun 21 2024, 10:40 AM)
What is your company industry?

You mean some colleagues not follow company decision?

All staff should key in right?
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Medical as in private doctors. 😂
dest9116
post Jun 21 2024, 10:49 AM

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QUOTE(fongsk26 @ Jun 21 2024, 10:29 AM)
In China, if not mistaken, they issue invoice.  Usually you can ask them to ‘fa piao’. In mandarin.
*
Lol you don't get it. TS translate from Chinese language, in chinese peninsular is called mainland and when translate become mainland China, that's why got lhdn and mainland China in same sentence.

QUOTE(fongsk26 @ Jun 21 2024, 10:33 AM)
Only for basic one where there is minimal transactions.  You have to manually key in all data one by one.  A commercial one will have all the dB saved and you can call the info out and just let in the amount and products..
*
Yakah damn then ma very cham well people have to adapt la just like now many shops have qr code ordering system. Even many Chinese restaurants open air atap ones have proper ordering system using tablet and receipt print out nicely. Those hand written ones need to adapt d. But pity those who can't read or write in malay/English la, maybe their kids fan assist them.
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post Jun 21 2024, 11:00 AM

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QUOTE(dest9116 @ Jun 21 2024, 10:49 AM)
Lol you don't get it. TS translate from Chinese language, in chinese peninsular is called mainland and when translate become mainland China, that's why got lhdn and mainland China in same sentence.
Yakah damn then ma very cham well people have to adapt la just like now many shops have qr code ordering system. Even many Chinese restaurants open air atap ones have proper ordering system using tablet and receipt print out nicely. Those hand written ones need to adapt d. But pity those who can't read or write in malay/English la, maybe their kids fan assist them.
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user posted image


user posted image


A lot of restaurant in small cities still use this kind of receipt....

Hand write

Ancient
akecema
post Jun 21 2024, 11:06 AM

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QUOTE(plouffle0789 @ Jun 21 2024, 10:29 AM)
Business-to-consumer (B2C)

I think Customer no need to update receipt to LHDN.
After 1 july 2025,we cannot use hand write invoice right?
Imagine every customer need to upload receipt to LHDN from the 7-11 shop?

LHDN server also cannot store and hang.
*
seller yang kena update, not buyer
dest9116
post Jun 21 2024, 11:14 AM

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QUOTE(plouffle0789 @ Jun 21 2024, 11:00 AM)
user posted image
user posted image
A lot of restaurant in small cities still use this kind of receipt....

Hand write

Ancient
*
I now stay in small city also. But I see many those kopitiam open air restaurant start to use digital ordering and proper receipt. Is those old ppl want adapt or not only la. If they give the business to their young ones for sure they will modernize it. Their youngsters all highly educated but the old ones don't want to take advantage and seek their help. Not educated is not wrong, worst lazy and refuse to learn and adapt. Later business tutup blame gov.
touristking
post Jun 21 2024, 11:29 AM

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QUOTE(plouffle0789 @ Jun 20 2024, 08:35 PM)
Accounting company have?
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SME type like Autocount or SQL etc, I was told, not ready

touristking
post Jun 21 2024, 11:30 AM

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QUOTE(9m2w @ Jun 21 2024, 02:42 AM)
GST doesnt stamp out fradulent transactions

GST03 form and GAF files only records transactions. Only if custom performs a desk audit can they verify if really the invoice is fake. And even then they will only hit you for value added tax offences

E-invoicing is an LHDN initiative that vouches the invoices immediately at the source.

Serious why not both? Singapore does it
*
Is e invoice mandatory in Singapore?

I heard Singapore give cash or rebate to buy software. Does Malaysia gives those?

9m2w
post Jun 21 2024, 11:33 AM

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QUOTE(touristking @ Jun 21 2024, 11:30 AM)
Is e invoice mandatory in Singapore?

I heard Singapore give cash or rebate to buy software. Does Malaysia gives those?
*
Dunno. But no new sw for most companies. Either direct integration from ERP or via a middleware. For 1st and 2nd phase fellas big boys liao lor

These companies dont need rebate. Wait for budget announcment for the mandatory phase if got rebate


touristking
post Jun 21 2024, 11:34 AM

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QUOTE(JohnLai @ Jun 20 2024, 03:11 PM)
Just go back the the ancient system of bartering.
*
Why not? PH already abolished the more advanced GST to stone age SST

touristking
post Jun 21 2024, 11:36 AM

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QUOTE(Iceman74 @ Jun 20 2024, 03:38 PM)
Haha... once kena caught, u know how much the penalty ar?
LHDN already standby officers act as customers to caught all this  whistling.gif
*
During initial stage of GST, many people make mistake and BN try to educate.

During initial state of einvoice sure will be people making mistakes, will PH educate or penalize for money?
touristking
post Jun 21 2024, 11:39 AM

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QUOTE(dest9116 @ Jun 21 2024, 04:14 AM)
I now stay in small city also. But I see many those kopitiam open air restaurant start to use digital ordering and proper receipt. Is those old ppl want adapt or not only la. If they give the business to their young ones for sure they will modernize it. Their youngsters all highly educated but the old ones don't want to take advantage and seek their help. Not educated is not wrong, worst lazy and refuse to learn and adapt. Later business tutup blame gov.
*
In 2015, because of GST, many older people just close shop and retire.
In 2024, because of e Invoice, will more older people close shop also?

etan26
post Jun 21 2024, 11:40 AM

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QUOTE(moiskyrie @ Jun 20 2024, 09:55 PM)
So both seller and buyer don't want e-invoice,
Both can lari tax as seller no need issue invoice,
So no record of the transaction...?
*
If kena tangkap, habis la ... denda tinggi wo
TSplouffle0789
post Jun 21 2024, 11:42 AM

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QUOTE(dest9116 @ Jun 21 2024, 11:14 AM)
I now stay in small city also. But I see many those kopitiam open air restaurant start to use digital ordering and proper receipt. Is those old ppl want adapt or not only la. If they give the business to their young ones for sure they will modernize it. Their youngsters all highly educated but the old ones don't want to take advantage and seek their help. Not educated is not wrong, worst lazy and refuse to learn and adapt. Later business tutup blame gov.
*
May I know which state?

yhtan
post Jun 21 2024, 11:56 AM

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QUOTE(Avangelice @ Jun 21 2024, 09:57 AM)
I don't get it.

Say I'm a sme. I issue my customer a receipt, but I don't key it into the e invoice system. I don't think the customer will rajin upload his receipt right? So how to cross check on government side?
*
consolidated invoice only apply for B2C (Business to consumer), doesn't apply to B2B (Business to business).

As for majority clinic out there, most of it are B2C and mostly they didn't ask for e-invoice, u can put it under consolidated e-invoice. But when u have corporate customer which require e-invoice, u have to churn out e-invoice for them.

It doesn't mean consolidated invoice can evade from it. When LHDN audit your serial code they will know.

Submission of consolidated invoice:-
Invoice serial code 0001-0080
Invoice serial code 0082-0099

So when LHDN audit, they will know the serial code 0081 is missing and they will cross check whether this 0081 is fall under e-invoicing.
TSplouffle0789
post Jun 21 2024, 12:03 PM

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QUOTE(yhtan @ Jun 21 2024, 11:56 AM)
consolidated invoice only apply for B2C (Business to consumer), doesn't apply to B2B (Business to business).

As for majority clinic out there, most of it are B2C and mostly they didn't ask for e-invoice, u can put it under consolidated e-invoice. But when u have corporate customer which require e-invoice, u have to churn out e-invoice for them.

It doesn't mean consolidated invoice can evade from it. When LHDN audit your serial code they will know.

Submission of consolidated invoice:-
Invoice serial code 0001-0080
Invoice serial code 0082-0099

So when LHDN audit, they will know the serial code 0081 is missing and they will cross check whether this 0081 is fall under e-invoicing.
*
The tax authorities have specified that the following industries must issue an e-Invoice for each transaction:

1. Automotive industry

2. Aviation industry

3. Luxury goods and jewelry (taxpayers may issue consolidated e-Invoices until further notice from the LHDN if the buyer does not request an e-Invoice)

4. Construction industry

L

5. Wholesalers and retailers of construction materials

6. Licensed betting and gaming

7. Payments to agents, dealers, and distributors


Why automotive industry inside this list?

Next time aports toto,magnum 4d ,da ma cai will give e invoice and lotery ticket?

This post has been edited by plouffle0789: Jun 21 2024, 12:03 PM
Seawater
post Jun 21 2024, 12:10 PM

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No QR code is not a valid einvoice. Kekwah.😆
Iceman74
post Jun 21 2024, 12:22 PM

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QUOTE(touristking @ Jun 21 2024, 11:30 AM)
Is e invoice mandatory in Singapore?

I heard Singapore give cash or rebate to buy software. Does Malaysia gives those?
*
here terbalik... u don't compliance, u kena penalty kaw kaw laugh.gif

QUOTE(touristking @ Jun 21 2024, 11:36 AM)
During initial stage of GST, many people make mistake and BN try to educate.

During initial state of einvoice sure will be people making mistakes, will PH educate or penalize for money?
*
heard will be lenient and give warning for certain mistakes during this 2~3 years
If those mistake purposely do wrong or not submit, then will throw the book to them bruce.gif

me now eating popcorn see how those airline company software house going to implement e-inv coming this Aug
maybe got ex****sion whistling.gif

This post has been edited by Iceman74: Jun 21 2024, 12:28 PM
Seawater
post Jun 21 2024, 12:26 PM

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QUOTE(plouffle0789 @ Jun 20 2024, 11:50 PM)
user posted image
Many seafood restaurant ,kedai runcit and small kedai mamak no give receipt until now....
So in before 1 july 2025,they must buy printer and computer or laptop?
*
Actually no need. The can record directly using lhdn provided website, then the customer view it on the mobile phone.

Seawater
post Jun 21 2024, 12:28 PM

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QUOTE(plouffle0789 @ Jun 21 2024, 02:44 AM)
user posted image

This kind of invoice need buy software and laid license fees every year?
Seems I need to buy a laptop and printer for my father workshop.....
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If you want to use your own software then you have to pay Malaysia certificate authorities 2k to 3k every year in order to digitally sign the invoices. Small scale business better don't use your own software.
Seawater
post Jun 21 2024, 12:29 PM

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QUOTE(plouffle0789 @ Jun 21 2024, 03:35 AM)
Accounting company have?
*
All local accounting software are doing it. Anyone not doing it confirm will chaplap.
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post Jun 21 2024, 12:30 PM

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QUOTE(Seawater @ Jun 21 2024, 12:26 PM)
Actually no need. The can record directly using lhdn provided website, then the customer view it on the mobile phone.
*
pls lar... u won't see the Inv as per supplier bill you. It all data only.
Seawater
post Jun 21 2024, 12:31 PM

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QUOTE(9m2w @ Jun 21 2024, 09:42 AM)
GST doesnt stamp out fradulent transactions

GST03 form and GAF files only records transactions. Only if custom performs a desk audit can they verify if really the invoice is fake. And even then they will only hit you for value added tax offences

E-invoicing is an LHDN initiative that vouches the invoices immediately at the source.

Serious why not both? Singapore does it
*
Singapore not yet mandate einvoice. Strangely enough, it is phillipines and Indonesia done it first this time.
sadukarzz
post Jun 21 2024, 12:32 PM

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Since government implement e-invoices that is supposedly more transparent, does it mean that we the rakyat now can see the transactions made by government posted online too?

Everyday talk cuck sing song

Just implement GST dy la malu apa
Seawater
post Jun 21 2024, 12:33 PM

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QUOTE(Avangelice @ Jun 21 2024, 10:26 AM)
That's why some businesses have manual invoice that's printed. Hence why I don't see how B2C companies will get their cash paying customers validated if the customer doesn't upload the invoice.

B2B yes I understand. But for companies at the end of the trail?
*
Said many times already b2c is different. Usually b2c will just summarize all customer amounts into a single total bcos the customers don't care.
Seawater
post Jun 21 2024, 12:39 PM

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QUOTE(sadukarzz @ Jun 21 2024, 12:32 PM)
Since government implement e-invoices that is supposedly more transparent, does it mean that we the rakyat now can see the transactions made by government posted online too?

Everyday talk cuck sing song

Just implement GST dy la malu apa
*
Government exempted as usual.
sadukarzz
post Jun 21 2024, 12:41 PM

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QUOTE(Seawater @ Jun 21 2024, 12:39 PM)
Government exempted as usual.
*
Haiya if like that why double standard ha?

Gomen should lead by example ma

All do e-invoice first baru implement ma

See how difficult it is and how hassle it is

Not ask rakyat experiment ma
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post Jun 21 2024, 12:46 PM

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my company should implement this shit sooon
but my hands are way too bz with projects

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damn everyone here suddenly good , it is like audit , accountant and tax chat log
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QUOTE(Seawater @ Jun 21 2024, 12:31 PM)
Singapore not yet mandate einvoice. Strangely enough, it is phillipines and Indonesia done it first this time.
*
Singapore govt don't suspect their business doing shady things.
dest9116
post Jun 21 2024, 01:20 PM

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QUOTE(touristking @ Jun 21 2024, 11:39 AM)
In 2015, because of GST, many older people just close shop and retire.
In 2024, because of e Invoice, will more older people close shop also?
*
Confirm. But not all old people are hard neck, many are willing to adapt.
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QUOTE(plouffle0789 @ Jun 21 2024, 11:42 AM)
May I know which state?
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Selangor, Kuala selangor and Kuala Langat. Not in middle of KL ya, Chinese restaurants
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Another potential problem is some einvoice compliant software will be offered as a cloud solution. That means your data will be stored in cloud and only available as long as provider not chaplap. But what if touch wood pokai happens, then what happens to your data for future audit? I think LHDN needs to regulate this by specifying an interface spec which the cloud providers can export the data offline, and the format is recognised by LHDN for future audit requirements.
SUSBafflinbook
post Jun 21 2024, 02:12 PM

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QUOTE(Zaryl @ Jun 20 2024, 10:41 PM)
so, like me who runs a rental house side business, no need to prepare this e-Invoice to my tenant right?

I do keep my own excel ledger (credit debit) and pay the tax appropriately after deducting the annual repair cost if any, sewage treatment fees (Indah Water), Assessment tax, quit rent & misc costs.
*
So create a self-billed invoice and submit to the system.
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post Jun 21 2024, 02:40 PM

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QUOTE(Zaryl @ Jun 20 2024, 03:41 PM)
so, like me who runs a rental house side business, no need to prepare this e-Invoice to my tenant right?

I do keep my own excel ledger (credit debit) and pay the tax appropriately after deducting the annual repair cost if any, sewage treatment fees (Indah Water), Assessment tax, quit rent & misc costs.
*
You have a partner for the rental side business? If yes, who is going to issue the invoice?
TSplouffle0789
post Jun 21 2024, 05:23 PM

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QUOTE(Seawater @ Jun 21 2024, 12:10 PM)
No QR code is not a valid einvoice. Kekwah.😆
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Why LHDN said must have QR code meh?


user posted image


Like this cannot?

Very details wor.

This post has been edited by plouffle0789: Jun 21 2024, 05:23 PM
TSplouffle0789
post Jun 21 2024, 05:25 PM

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QUOTE(Seawater @ Jun 21 2024, 02:08 PM)
Another potential problem is some einvoice compliant software will be offered as a cloud solution. That means your data will be stored in cloud and only available as long as provider not chaplap. But what if touch wood pokai happens, then what happens to your data for future audit? I think LHDN needs to regulate this by specifying an interface spec which the cloud providers can export the data offline, and the format is recognised by LHDN for future audit requirements.
*
Can you share some e-invoice compliant software that must be online (cloud-based)?

Also, could you share some options that can be used offline?

This post has been edited by plouffle0789: Jun 21 2024, 05:25 PM
TSplouffle0789
post Jun 21 2024, 05:28 PM

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QUOTE(Seawater @ Jun 21 2024, 12:28 PM)
If you want to use your own software then you have to pay Malaysia certificate authorities 2k to 3k every year in order to digitally sign the invoices. Small scale business better don't use your own software.
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I need to enter items like motor, gear oil, engine oil, oil filter, spark plug, water tank, brake pad, air filter, engine overhaul, tuning, lights, windshield wiper, and battery (with many models) ......... into the e-invoice billing system.


Car workshop.


Otherwise customer will get blank receipt.

This post has been edited by plouffle0789: Jun 21 2024, 05:28 PM
TSplouffle0789
post Jun 21 2024, 05:29 PM

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QUOTE(dest9116 @ Jun 21 2024, 08:07 AM)
I read that the software gov give for free
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I need to enter items like motor, gear oil, engine oil, oil filter, spark plug, water tank, brake pad, air filter, engine overhaul, tuning, lights, windshield wiper, and battery (with many models) ......... into the e-invoice billing system.


Car workshop.


Otherwise customer will get blank receipt.
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post Jun 21 2024, 05:31 PM

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QUOTE(Seawater @ Jun 21 2024, 12:39 PM)
Government exempted as usual.
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Majlis bandaraya cukai harta

Jabatan tanah negeri cukai tanah

TNB bills

Telekom Malaysia bills

Indah Water bills

Water company bills

Bank credit card charge service fees.
Post office charge service fees.


All this exempted?

Last ime GST,even cukai tanah,cukai harta,bank ,post office have....
loui
post Jun 21 2024, 05:32 PM

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It is more then just issuing the invoice

You need to go LHDN to register an account

Each time you issue e invoice, you need to upload invoice details to LHDN server

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QUOTE(plouffle0789 @ Jun 21 2024, 12:03 PM)
The tax authorities have specified that the following industries must issue an e-Invoice for each transaction:

1. Automotive industry

2. Aviation industry

3. Luxury goods and jewelry (taxpayers may issue consolidated e-Invoices until further notice from the LHDN if the buyer does not request an e-Invoice)

4. Construction industry

L

5. Wholesalers and retailers of construction materials

6. Licensed betting and gaming

7. Payments to agents, dealers, and distributors
Why automotive industry inside this list?

Next time aports toto,magnum 4d ,da ma cai will give e invoice and lotery ticket?
*
Sell car to individual, can straight away detect who buy car, cross check that person tax file, if tarak submit tax for past 7 years and suddenly got money buy car, confirm raise red flag.

QUOTE(plouffle0789 @ Jun 21 2024, 05:23 PM)
Why LHDN said must have QR code meh?
user posted image
Like this cannot?

Very details wor.
*
a legit e-invoice must have QR code in it
Buffalo Soldier
post Jun 21 2024, 05:34 PM

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QUOTE(Seawater @ Jun 21 2024, 02:08 PM)
Another potential problem is some einvoice compliant software will be offered as a cloud solution. That means your data will be stored in cloud and only available as long as provider not chaplap. But what if touch wood pokai happens, then what happens to your data for future audit? I think LHDN needs to regulate this by specifying an interface spec which the cloud providers can export the data offline, and the format is recognised by LHDN for future audit requirements.
*
All must follow this -- https://sdk.myinvois.hasil.gov.my/
keyibukeyi
post Jun 21 2024, 05:40 PM

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QUOTE(plouffle0789 @ Jun 21 2024, 03:35 AM)
Accounting company have?
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QUOTE(dest9116 @ Jun 21 2024, 08:07 AM)
I read that the software gov give for free
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QUOTE(kelvinng92 @ Jun 21 2024, 08:15 AM)
There will be a web portal for it, can also integrate their SDK to own software for developer
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Quote from LHDN

How to submit an e-Invoice in the MyInvois portal?

There are two (2) options for taxpayers to submit their invoices via MyInvois Portal for IRBM validation:

Individual Creation: Taxpayers can create e-Invoices individually by completing a form with all the required fields; or
Batch Upload: Taxpayers can upload a certain number of e-Invoices in batches by uploading pre-defined Microsoft Excel spreadsheet to the portal, containing the necessary invoice information. The spreadsheet format will be available when MyInvois Portal is launched. Kindly visit to e-Invois microsite for latest information.
dest9116
post Jun 21 2024, 05:52 PM

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QUOTE(plouffle0789 @ Jun 21 2024, 05:29 PM)
I need to enter items like motor, gear oil, engine oil, oil filter, spark plug, water tank, brake pad, air filter, engine overhaul, tuning, lights, windshield wiper, and battery (with many models) ......... into the e-invoice billing system.
Car workshop.
Otherwise customer will get blank receipt.
*
Cannot like tick tick tick? Guess need hire clerk and raise prices. Need to do detailed one like service centre.
Iceman74
post Jun 21 2024, 06:21 PM

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QUOTE(plouffle0789 @ Jun 21 2024, 05:23 PM)
Why LHDN said must have QR code meh?
user posted image
Like this cannot?

Very details wor.
*
The qr code is the legitimate entry to lhdn system. It a must in the inv for checking purpose.

A lot ppl very good at pdf editor mah, so this qr code will be unique linking to LHDN system to retrieve the actual infor in the inv. whistling.gif


So next time Inv stated sell to A customer at XX amount but once scan the QR code, info lain come out.. sure kena kaw kaw.
If no info, lagi kena kaw kaw
edifgrto
post Jun 21 2024, 06:27 PM

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omg... 5 pages.. i read from page 1 to page 5 now. this is unbelievable. I manage to read all pages. This thread is awesome. LOL

back to topic:
well, i asked my boss already. he said, by that time, will change software loh. see who offer good solution, then we buy them. talk like so easy. got money is really easy. Using money can solve the problem is no longer a problem anymore. haha

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post Jun 21 2024, 06:36 PM

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QUOTE(Iceman74 @ Jun 21 2024, 06:21 PM)
The qr code is the legitimate entry to lhdn system. It a must in the inv for checking purpose.

A lot ppl very good at pdf editor mah, so this qr code will be unique linking to LHDN system to retrieve the actual infor in the inv.  whistling.gif
So next time Inv stated sell to A customer at XX amount but once scan the QR code, info lain come out.. sure kena kaw kaw.
If no info, lagi kena kaw kaw
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Can small receipts from 7-11, McDonald's, KFC, Burger King, Subway, petrol stations, Family Mart, 99 Speedmart, and KK Mart be accepted if they have a QR code?

Later, the receipt paper might become very long...

Currently, Sports Toto, Magnum, and Da Ma Cai already have QR codes on their lottery tickets. However, these are for prize checking.


Xith
post Jun 21 2024, 06:45 PM

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Is gov trying to squeeze dry normal folks ?
Natsukashii
post Jun 21 2024, 06:56 PM

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QUOTE(Zhik @ Jun 20 2024, 09:46 PM)
Well, where is the loop hole to evade tax?
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Only tax payers kena, rich warung.. stall.. workshop that don't declare all won't kena. They should go after people who really entirely evade tax. Instead, they create new system that will monitor the real tax payers who if evade also, not as much as 100% evaders.

Just like income tax they audit tax payers more than the non tax payers

People who declare genuinely also kena

The one who not registered.. not declare.. "tak daftar, tak kena"


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post Jun 21 2024, 06:59 PM

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What if a business is still not using e-invoice? Not all mandatory right?
pgsiemkia
post Jun 21 2024, 07:17 PM

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QUOTE(fongsk26 @ Jun 21 2024, 10:30 AM)
I think all registered company.  But if not registered, cannot issue e invoice.
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Akcelli went to a few talks abt this and the LHDN guys said, all aunties and pakcik, small business, hawkers must register and declare. They have until next year.

My local Pg siew yoke fella registered liao and charged me 8% GST, jibai!


Zhik
post Jun 21 2024, 07:39 PM

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QUOTE(Natsukashii @ Jun 21 2024, 06:56 PM)
Only tax payers kena, rich warung.. stall.. workshop that don't declare all won't kena. They should go after people who really entirely evade tax. Instead, they create new system that will monitor the real tax payers who if evade also, not as much as 100% evaders.

Just like income tax they audit tax payers more than the non tax payers

People who declare genuinely also kena

The one who not registered.. not declare.. "tak daftar, tak kena"
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I wonder bila mreka akan after those roadside seller esp those run by non local.
TSplouffle0789
post Jun 21 2024, 07:54 PM

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QUOTE(pgsiemkia @ Jun 21 2024, 07:17 PM)
Akcelli went to a few talks abt this and the LHDN guys said, all aunties and pakcik, small business, hawkers must register and declare. They have until next year.

My local Pg siew yoke fella registered liao and charged me 8% GST, jibai!
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Restaurant or coffee shop stalls?

Any qr code on the e invoice?

May you post the e invoice photo at here?

This post has been edited by plouffle0789: Jun 21 2024, 07:54 PM
Zaryl
post Jun 21 2024, 08:01 PM

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QUOTE(Bafflinbook @ Jun 21 2024, 02:12 PM)
So create a self-billed invoice and submit to the system.
*
but the actual e-invoice template need to pay quite a hefty price is it?

QUOTE(touristking @ Jun 21 2024, 02:40 PM)
You have a partner for the rental side business? If yes, who is going to issue the invoice?
*
no i run on my own business.

well, i guess i need to do this e-invoice on my own also rclxub.gif
fongsk26
post Jun 21 2024, 09:21 PM

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QUOTE(pgsiemkia @ Jun 21 2024, 07:17 PM)
Akcelli went to a few talks abt this and the LHDN guys said, all aunties and pakcik, small business, hawkers must register and declare. They have until next year.

My local Pg siew yoke fella registered liao and charged me 8% GST, jibai!
*
Hahahaha. Ideally, ALL BZ shd register but now, a lot does not. Hence a lot of leakages via unpaid taxes. Sure is interesting to see how they will act on those roadside stalls like nasi lemak or burgers or pisang goreng or even fruits stalls. There are a lot of such stalls around, really.

That’s why GST was useful as it taxes all based on consumption. And this e-invoice is supposedly to complement GST. However since GST has been cancelled, the e-invoice is a stand alone.
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post Jun 21 2024, 09:27 PM

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QUOTE(fongsk26 @ Jun 21 2024, 09:21 PM)
Hahahaha.  Ideally, ALL BZ shd register but now, a lot does not.  Hence a lot of leakages via unpaid taxes.  Sure is interesting to see how they will act on those roadside stalls like nasi lemak or burgers or pisang goreng or even fruits stalls.  There are a lot of such stalls around, really. 

  That’s why GST was useful as it taxes all based on consumption.  And this e-invoice is supposedly to complement GST.  However since GST has been cancelled, the e-invoice is a stand alone.
*
Why didn't the government implement e-invoicing when they started GST?


Nasi Lemak
Pisang Goreng
Ramly Burger Stall
Cendol
Ayam Goreng
Mee Goreng Pasar Malam
Laksa
Mee Rebus
Mee Soto


This post has been edited by plouffle0789: Jun 21 2024, 10:03 PM
fongsk26
post Jun 21 2024, 09:33 PM

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QUOTE(plouffle0789 @ Jun 21 2024, 09:27 PM)
Why didn't the government implement e-invoicing when they started GST?
Nasi Lemak
Pisang Goreng
Ramly Burger Stall
Cendol
Ayam Goreng
Mee Goreng Pasar Malam
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I suppose they started with GST first as it was a huge task. Get GST going first as GST is catered to businesses. E-invoice is for ALL. Even for e-invoice, it is staggered to allow implementation adjustments.
TSplouffle0789
post Jun 21 2024, 10:02 PM

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QUOTE(fongsk26 @ Jun 21 2024, 09:33 PM)
I suppose they started with GST first as it was a huge task.  Get GST going first as GST is catered to businesses.  E-invoice is for ALL.  Even for e-invoice, it is staggered to allow implementation adjustments.
*
Do you think e-invoicing can eliminate maybe 10, 30, or 50 percent of the illegal 4D gambling business in Malaysia?

This post has been edited by plouffle0789: Jun 21 2024, 10:02 PM
fongsk26
post Jun 21 2024, 10:54 PM

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QUOTE(plouffle0789 @ Jun 21 2024, 10:02 PM)
Do you think e-invoicing can eliminate maybe 10, 30, or 50 percent of the illegal 4D gambling business in Malaysia?
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No way. Never cos it is like prostitution. No one in his right mind will want an e-invoice with such records. At least I don’t think so. Hahahahaha.
TSplouffle0789
post Jun 21 2024, 11:00 PM

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QUOTE(fongsk26 @ Jun 21 2024, 10:54 PM)
No way.  Never cos it is like prostitution.  No one in his right mind will want an e-invoice with such records.  At least I don’t think so.  Hahahahaha.
*
Rumours said illegal 4d company use laundry shops, grocery shops, and car wash shops for money laundering.


All the big prizes like RM500,000 and above from their illegal 4D business are transferred to the customer using at least two different company bank accounts.

So, I think this e-invoice will expose the real business activities of these "fake shops" through their accounting records.

This post has been edited by plouffle0789: Jun 21 2024, 11:02 PM
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post Jun 21 2024, 11:01 PM

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QUOTE(touristking @ Jun 21 2024, 11:29 AM)
SME type like Autocount or SQL etc, I was told, not ready
*
Rumours said llegal 4d gambling company use laundry shops, grocery shops, and car wash shops for money laundering.


All the big prizes like RM500,000 and above from their illegal 4D business are transferred to the customer using at least two different company bank accounts.

This e-invoice will expose the real business activities of these "fake shops" through their accounting records?

This post has been edited by plouffle0789: Jun 21 2024, 11:02 PM
touristking
post Jun 22 2024, 07:24 AM

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QUOTE(plouffle0789 @ Jun 21 2024, 02:27 PM)
Why didn't the government implement e-invoicing when they started GST?
Nasi Lemak
Pisang Goreng
Ramly Burger Stall
Cendol
Ayam Goreng
Mee Goreng Pasar Malam
Laksa
Mee Rebus
Mee Soto
*
When all these tax evaders go buy ingredients or equipment for their business, they got charged GST. Since they don't report their businesses, they can't claim/deduct the GST they already paid.

smon80
post Jun 22 2024, 07:44 AM

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damn it involve buyer and seller. Is like supply chain.
Your stuffs can be trace who you sell to.
Imagine u recorded e invoice amount of raw material, but u tried to record less customer by no issue e invoices.
when come to closing, how will be your profit. from last year profit suddenly lost. LHDN sure will look at it.
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post Jun 22 2024, 07:58 AM

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QUOTE(smon80 @ Jun 22 2024, 07:44 AM)
damn it involve buyer and seller. Is like supply chain.
Your stuffs can be trace who you sell to.
Imagine u recorded e invoice amount of raw material, but u tried to record less customer by no issue e invoices.
when come to closing, how will be your profit. from last year profit suddenly lost. LHDN sure will look at it.
*
If LHDN asked why business operator why you order many ingredients but have low sales.

(If the business sells food)

The boss can say, "Yes, I prepared a lot of food from the ingredients I bought, but no one bought it, so I had to throw it away."

However, customers must pay in cash. If they pay with e-wallets or bank transfers, it's easy to trace.

In a car workshop, it's too obvious. Car parts don't usually expire.

Car wash also can do this way.
But they can check water bill.



Is that a loophole?

This post has been edited by plouffle0789: Jun 22 2024, 08:01 AM
feekle
post Jun 22 2024, 08:04 AM

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If orang minta rasuah? They issue e-invoice first also?
smon80
post Jun 22 2024, 08:33 AM

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QUOTE(plouffle0789 @ Jun 22 2024, 07:58 AM)
If LHDN asked why business operator why you order many ingredients but have low sales.

(If the business sells food)

The boss can say, "Yes, I prepared a lot of food from the ingredients I bought, but no one bought it, so I had to throw it away."

However, customers must pay in cash. If they pay with e-wallets or bank transfers, it's easy to trace.

In a car workshop, it's too obvious. Car parts don't usually expire.

Car wash also can do this way.
But they can check water bill.
Is that a loophole?
*
U know when u submit taxes, ldhn may issue u a letter ststed ununder pay, no nego. If late penalty.
Thats why ppl always ask tax agent to screen it before submit.
Pay cash, but your stock less, u meed to top up. U need to issure PO and supplier give u e invoice. Lhdn just need compare ur past history will know.
fongsk26
post Jun 22 2024, 09:15 AM

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QUOTE(plouffle0789 @ Jun 21 2024, 11:00 PM)
Rumours said illegal 4d company use laundry shops, grocery shops, and car wash shops for money laundering.
All the big prizes like RM500,000 and above from their illegal 4D business are transferred to the customer using at least two different company bank accounts.

So, I think this e-invoice will expose the real business activities of these "fake shops" through their accounting records.
*
Oh, then it is possible. But knowing these guys, they probably already have plan B how to avoid detection.
coconutxyz
post Jun 25 2024, 09:14 PM

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QUOTE(Seawater @ Jun 21 2024, 02:08 PM)
Another potential problem is some einvoice compliant software will be offered as a cloud solution. That means your data will be stored in cloud and only available as long as provider not chaplap. But what if touch wood pokai happens, then what happens to your data for future audit? I think LHDN needs to regulate this by specifying an interface spec which the cloud providers can export the data offline, and the format is recognised by LHDN for future audit requirements.
*
is it mandated to keep all information in accounting system? i thought if validated by myinvois portal all those info is sufficient and can be downloaded from their server hmm.gif
SUSEX Unseen Forces
post Jun 25 2024, 09:41 PM

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Thx pmx and dap. Next time b40 suffer until eating pagpag also need e invoice. cry.gif
Seawater
post Jun 27 2024, 06:52 PM

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QUOTE(plouffle0789 @ Jun 21 2024, 05:23 PM)
Why LHDN said must have QR code meh?
user posted image
Like this cannot?

Very details wor.
*
QR code is one of the requirements spelled out in the guidelines. Why is it needed? Because the rest of the world all doing the same, and the tax auditor thinks it is easier to verify then typing over 50 seemingly random characters
Seawater
post Jun 27 2024, 06:55 PM

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QUOTE(plouffle0789 @ Jun 21 2024, 05:25 PM)
Can you share some e-invoice compliant software that must be online (cloud-based)?

Also, could you share some options that can be used offline?
*
Lots of them can be found in Google search results now. I am not endorsing any one of them so no need to share. I have also not used them personally so cannot comment on how good they are. I think if volume is low for small business, for starter just use the LHDN portal first to record all the invoices, to get an idea of what you need.
Seawater
post Jun 27 2024, 06:59 PM

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QUOTE(plouffle0789 @ Jun 21 2024, 05:28 PM)
I need to enter items like motor, gear oil, engine oil, oil filter, spark plug, water tank, brake pad, air filter, engine overhaul, tuning, lights, windshield wiper, and battery (with many models) .........  into the e-invoice billing system.
Car workshop.
Otherwise customer will get blank receipt.
*
You should be able to do that since a single einvoice can have multiple lines of details. Just that LHDN portal does not have inventory so you have to type item description every time. If volume low just do that lah. Or if you already have a system, just check with the provider if they have a new version. Anyway should just let the big companies beta test first come August then see what happens and plan after that.
Seawater
post Jun 27 2024, 07:01 PM

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QUOTE(coconutxyz @ Jun 25 2024, 09:14 PM)
is it mandated to keep all information in accounting system? i thought if validated by myinvois portal all those info is sufficient and can be downloaded from their server  hmm.gif
*
It is best if you have own copy of records. Easier to check back if any dispute with LHDN in the future.
TSplouffle0789
post Jun 30 2024, 10:40 PM

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QUOTE(Iceman74 @ Jun 20 2024, 10:55 PM)
LHDN are playing a long game.. enforcement are just a small part to create awareness that not compliance will have consequences.

If you attend LHDN seminar and others, the database they are collecting will be more and more polish for AI to identify those evaders

E-Inv are just 1st step only

There are E-payment & etc

me also pening but like those senior said.. enjoyed this 1.5 years first  sweat.gif
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Last time GST era,many seminar will be held by Johor Bahru Chinese Chamber of Commerce and Industry.

Now not yet..

user posted image

This post has been edited by plouffle0789: Jun 30 2024, 10:57 PM
SUSEfalex
post Jun 30 2024, 11:03 PM

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QUOTE(fantasy1989 @ Jun 20 2024, 10:41 PM)
enforcement will be another story

just saying still doable but harder than now

especially after july 2025 ..can ask lhdn go track every warung at roadside
*
Does that mean every warung I buy item from will have my name, I/C no and TIN?
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post Jun 30 2024, 11:04 PM

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QUOTE(fantasy1989 @ Jun 20 2024, 10:36 PM)
depend on the amount.. petty cash does exist

unless there are mutual agreement la ..like seller sell u cheaper but as return no official receipt ..else why buyer willing to "take risk"
e-invoice or even GST just make you evade tax harder ; but technically still doable ..
in be4 GST still more superior because gov "hostage" your paid tax ..u need to submit almost exact amount to claim back all/or as many as possible

BN they magic and delay the tax claim ; but PH decided to kill it instead of refine the tax claim process
*
Date Implementation Details
1 August 2024 Implement on taxpayers with an annual turnover of RM100 million and above.
1 January 2025 Implementation towards taxpayers with an annual turnover of RM25 million to RM100 million.
1 July 2025 To achieve full and comprehensive implementation on other remaining taxpayers.

The e-Invoice, introduced by the Inland Revenue Board of Malaysia (IRB) or LHDN Malaysia, encourages businesses in the nation to adopt digitalization and transact efficiently and accurately.


user posted image



So Genting Highlands Malaysian Food Street and Medan Selera ,skyway should start this e-invoice at 1 August 2024?


TNB and RANHILL SAJ SDN. BHD.(Johor Water company) Should start also??????

This post has been edited by plouffle0789: Jun 30 2024, 11:04 PM
Avangelice
post Jun 30 2024, 11:05 PM

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QUOTE(Efalex @ Jun 30 2024, 11:03 PM)
Does that mean every warung I buy item from will have my name, I/C no and TIN?
*
Someone already explained warung to clinics like mine is b2c. Just consolidate at the end.


Emily Ratajkowski
post Jun 30 2024, 11:09 PM

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QUOTE(Hardcore Leveling Warrior @ Jun 20 2024, 10:06 PM)
just re-implement GST la. no need to malu.
*
E invoicing is a precursor to gst.

Usually people implement e-invoicing first then only GST.
TSplouffle0789
post Jul 1 2024, 12:39 AM

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QUOTE(Emily Ratajkowski @ Jun 30 2024, 11:09 PM)
E invoicing is a precursor to gst.

Usually people implement e-invoicing first then only GST.
*
Why doesn't Singapore have e-invoices?

Do all countries with e-invoices use QR codes?

During the previous administration (referring to Najib Razak's tenure), when we implemented GST, why wasn't e-invoicing used?



This post has been edited by plouffle0789: Jul 1 2024, 12:39 AM
Pain4UrsinZ
post Jul 1 2024, 12:59 AM

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QUOTE(Zaryl @ Jun 20 2024, 10:41 PM)
so, like me who runs a rental house side business, no need to prepare this e-Invoice to my tenant right?

I do keep my own excel ledger (credit debit) and pay the tax appropriately after deducting the annual repair cost if any, sewage treatment fees (Indah Water), Assessment tax, quit rent & misc costs.
*
annual business overturn of 100 millions next year target 25 millions
vearn29
post Jul 1 2024, 01:02 AM

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QUOTE(Emily Ratajkowski @ Jun 30 2024, 11:09 PM)
E invoicing is a precursor to gst.

Usually people implement e-invoicing first then only GST.
*
second this, last time under customs, new gst will be under lhdn. more like headed by lhdn under single tax agency
Iceman74
post Jul 1 2024, 11:22 AM

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QUOTE(Efalex @ Jun 30 2024, 11:03 PM)
Does that mean every warung I buy item from will have my name, I/C no and TIN?
*
no... since you not asking for E-Inv.
If you asking for E-Inv for whatever claim purpose, then yes, u need to furnish all those info for the makcik to issue the E-Inv provided the makcik not halau u first, don't want to do your business laugh.gif

QUOTE(plouffle0789 @ Jun 30 2024, 10:40 PM)
Last time GST era,many seminar will be held by Johor Bahru Chinese Chamber of Commerce and Industry.

Now not yet..

user posted image
*
cos until now still keep changing and covering those loophole and relaxing some due to pressure.
Even the server respond also got problem until now, no eye see come this 1 Aug 2024. sweat.gif
Good luck for those companies startin on 1 Aug 2024 whistling.gif

This post has been edited by Iceman74: Jul 1 2024, 11:25 AM
TSplouffle0789
post Jul 1 2024, 12:04 PM

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QUOTE(Iceman74 @ Jul 1 2024, 11:22 AM)
no... since you not asking for E-Inv.
If you asking for E-Inv for whatever claim purpose, then yes, u need to furnish all those info for the makcik to issue the E-Inv provided the makcik not halau u first, don't want to do your business  laugh.gif
cos until now still keep changing and covering those loophole and relaxing some due to pressure.
Even the server respond also got problem until now, no eye see come this 1 Aug 2024.  sweat.gif
Good luck for those companies startin on 1 Aug 2024  whistling.gif
*
You already tried the server?

Means very slow like hanging?


Iceman74
post Jul 1 2024, 12:57 PM

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QUOTE(plouffle0789 @ Jul 1 2024, 12:04 PM)
You already tried the server?

Means very slow like hanging?
*
me not involved in the development team but those inside and similar software industry are ranting.gif now
heard server not returning the respond or give different error code even 1st or 2nd trial are ok.
that why all software companies until now dare not said already final and ready for E-Inv training and deployment


me will involve in selling and implementation the module, until now me still waiting for the final product to demo and sell
They said target middle or 3rd week of this month doh.gif
TSplouffle0789
post Jul 1 2024, 12:59 PM

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QUOTE(Iceman74 @ Jul 1 2024, 12:57 PM)
me not involved in the development team but those inside and similar software industry are  ranting.gif now
heard server not returning the respond or give different error code even 1st or 2nd trial are ok.
that why all software companies until now dare not said already final and ready for E-Inv training and deployment


me will involve in selling and implementation the module, until now me still waiting for the final product to demo and sell
They said target middle or 3rd week of this month  doh.gif
*
Is it after the receipt print out,the customer need to scan the qr code and fill in some info?
dudester
post Jul 1 2024, 01:09 PM

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QUOTE(Iceman74 @ Jul 1 2024, 12:57 PM)
me not involved in the development team but those inside and similar software industry are  ranting.gif now
heard server not returning the respond or give different error code even 1st or 2nd trial are ok.
that why all software companies until now dare not said already final and ready for E-Inv training and deployment


me will involve in selling and implementation the module, until now me still waiting for the final product to demo and sell
They said target middle or 3rd week of this month  doh.gif
*
berapa?
Seawater
post Jul 1 2024, 01:11 PM

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QUOTE(plouffle0789 @ Jul 1 2024, 12:59 PM)
Is it after the receipt print out,the customer need to scan the qr code and fill in some info?
*
The QR code is a quick way to access LHDN website to verify the einvoice is genuine and has been reported to LHDN for recording. The webpage link will show you the einvoice amount received by LHDN and should be same as what is printed on the einvoice. This allow buyer to easily confirm the correct amount has been reported. This is important to the buyer because the einvoice amount could be the business expense amount. When the buyer submits annual tax return, the expenses amount is therefore supported by information already recorded by LHDN.

Tax auditors can also scan the QR code to quickly verify the einvoice is genuine.

This also means that if the buyer is an individual, most of the time einvoice is not important to them. It is only important if the individual needs it to support expense claim, such as repair cost for a rented house.

Iceman74
post Jul 1 2024, 01:11 PM

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QUOTE(plouffle0789 @ Jul 1 2024, 12:59 PM)
Is it after the receipt print out,the customer need to scan the qr code and fill in some info?
*
you misunderstood what is E-Inv. All this need to done before E-Inv issue out.

user posted image
Seawater
post Jul 1 2024, 01:17 PM

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QUOTE(plouffle0789 @ Jul 1 2024, 12:39 AM)
Why doesn't Singapore have e-invoices?

Do all countries with e-invoices use QR codes?

During the previous administration (referring to Najib Razak's tenure), when we implemented GST, why wasn't e-invoicing used?
*
Einvoice as in it's current form was very new back when GST was implemented in 2015. EU was the pioneer and was in the process of implementing it back then. Then some Asia countries started to follow but that was after 2015.
TSplouffle0789
post Jul 1 2024, 01:29 PM

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QUOTE(Seawater @ Jul 1 2024, 01:17 PM)
Einvoice as in it's current form was very new back when GST was implemented in 2015. EU was the pioneer and was in the process of implementing it back then. Then some Asia countries started to follow but that was after 2015.
*
Why singapore no follow?
Seawater
post Jul 1 2024, 03:23 PM

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QUOTE(plouffle0789 @ Jul 1 2024, 01:29 PM)
Why singapore no follow?
*
https://www.imda.gov.sg/how-we-can-help/nat...icing-framework

Singapore did have einvoice network setup. They just does not require all businesses must use it when issuing invoices.

Similarly, USA also does not require einvoices.

Guess lah why like that.
TSplouffle0789
post Jul 4 2024, 09:43 PM

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QUOTE(Seawater @ Jul 1 2024, 03:23 PM)
https://www.imda.gov.sg/how-we-can-help/nat...icing-framework

Singapore did have einvoice network setup. They just does not require all businesses must use it when issuing invoices.

Similarly, USA also does not require einvoices.

Guess lah why like that.
*
user posted image

Maybank send email to all business owner that use maybank current acount.


https://www.sql.com.my/maybank/


These 3 software really can use?

This post has been edited by plouffle0789: Jul 4 2024, 09:45 PM
Seawater
post Jul 5 2024, 12:50 PM

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QUOTE(plouffle0789 @ Jul 4 2024, 09:43 PM)
user posted image

Maybank send email to all business owner that use maybank current acount.
https://www.sql.com.my/maybank/
These 3 software really can use?
*
Never used before, so don't know. If free and can cancel if not satisfied then just try lah
haya
post Jul 11 2024, 09:26 AM

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Navigating e-Invoicing for SMEs
STARPICKS
Wednesday, 10 Jul 202

AS the Malaysian government begins to roll out its phased e-Invoicing mandate, small and medium-sized businesses across the country need to consider how they will make the shift to electronic reporting and get familiar with digital solutions.

Starting in August, e-Invoicing will be mandatory for taxpayers engaged in commercial activities generating revenue over RM100mil annually.

In January 2025, this requirement will extend to those with an annual turnover between RM25mil and RM100mil.

By July 2025, it will be mandatory for all taxpayers, although they can choose to participate earlier, regardless of their revenue status.

It may sound simple, but there is a common misperception that e-Invoicing refers to simply sending and receiving invoices as PDFs. In reality, e-Invoicing is an integrated solution that automates the sending, receiving and processing of digital invoices via a secure, shared, interoperable network.

As the deadline approaches, SME leaders in Malaysia must grasp how embracing this new digital process enhances overall business efficiency.

The value of e-Invoicing for small businesses

The advantages of e-Invoicing are numerous, with automation and accuracy being pivotal.

It significantly reduces the time invoices take to reach customers and get approved, minimising the delays commonly associated with manual invoicing, such as errors or omissions in information.

For SMEs, e-Invoicing may help mitigate some cash flow challenges due to delayed payments, translating to quicker inflow of cash to cover operational costs, invest in growth and avoid financial shortfalls.

A large part of e-Invoicing is also around tax compliance – ensuring accuracy and real-time recording of tax data, ultimately reducing the risk of errors in tax filings.

In terms of security, the Malaysia Digital Economy Corporation (MDEC) is the authority that will facilitate the e-Invoicing process through Peppol, a delivery network and standard for e-Invoicing globally.

Peppol standardises the way information is exchanged, ensuring businesses can send and receive documents via an open and secure network.

This minimises the risk of fraud and unauthorised access to financial data. Additionally, Malaysian businesses may transact beyond borders through Peppol, including with vendors or partners in Singapore, Australia and New Zealand.

Finally, for businesses looking to align with the increasing prioritisation of sustainable practices amongst consumers, e-Invoicing will reduce paper usage and the overall environmental impact associated with traditional invoicing methods.

Through e-Invoicing, SME owners have complete visibility over invoice delivery.

This means they can spend more time working on the strategic aspects of the business and less time on administrative paperwork that takes up valuable time and resources.

What can businesses do right now to prepare

When adopting e-Invoicing, it is important for business leaders to understand how it will fit into their business operations to set them up for success.

Many Malaysian businesses opt for Xero, a cloud accounting software, to improve their financial management.

Marketplace platform Dropee has been able to save 50 hours per week on administrative tasks by utilising Xero to automatically manage purchase orders and invoices.

E-Invoicing speeds up invoice delivery and approval.

This has allowed the team to track cash flow in real-time, reconcile goods and quickly reimburse retailers.

Goget, a tech platform that handles thousands of transactions daily, also uses Xero, which provides them with an instant overview of all accounts and transaction codes, allowing the business to close their books in days instead of weeks, with accurate data.

Xero is trusted by businesses across the globe, including those in Singapore, New Zealand and Australia – and Malaysian businesses using Xero can expect to access e-Invoicing features soon.

Embracing e-Invoicing will not only ensure compliance, but also improve operational efficiencies and financial management for SMEs.

By preparing early and implementing an effective, overarching digital solution, the shift to e-Invoicing will likely be smooth for Malaysian businesses.

Source: https://www.thestar.com.my/starpicks/2024/0...oicing-for-smes
TSplouffle0789
post Jul 11 2024, 09:44 AM

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QUOTE(haya @ Jul 11 2024, 09:26 AM)
Navigating e-Invoicing for SMEs
    STARPICKS
    Wednesday, 10 Jul 202

AS the Malaysian government begins to roll out its phased e-Invoicing mandate, small and medium-sized businesses across the country need to consider how they will make the shift to electronic reporting and get familiar with digital solutions.

Starting in August, e-Invoicing will be mandatory for taxpayers engaged in commercial activities generating revenue over RM100mil annually.

In January 2025, this requirement will extend to those with an annual turnover between RM25mil and RM100mil.

By July 2025, it will be mandatory for all taxpayers, although they can choose to participate earlier, regardless of their revenue status.

It may sound simple, but there is a common misperception that e-Invoicing refers to simply sending and receiving invoices as PDFs. In reality, e-Invoicing is an integrated solution that automates the sending, receiving and processing of digital invoices via a secure, shared, interoperable network.

As the deadline approaches, SME leaders in Malaysia must grasp how embracing this new digital process enhances overall business efficiency.

The value of e-Invoicing for small businesses

The advantages of e-Invoicing are numerous, with automation and accuracy being pivotal.

It significantly reduces the time invoices take to reach customers and get approved, minimising the delays commonly associated with manual invoicing, such as errors or omissions in information.

For SMEs, e-Invoicing may help mitigate some cash flow challenges due to delayed payments, translating to quicker inflow of cash to cover operational costs, invest in growth and avoid financial shortfalls.

A large part of e-Invoicing is also around tax compliance – ensuring accuracy and real-time recording of tax data, ultimately reducing the risk of errors in tax filings.

In terms of security, the Malaysia Digital Economy Corporation (MDEC) is the authority that will facilitate the e-Invoicing process through Peppol, a delivery network and standard for e-Invoicing globally.

Peppol standardises the way information is exchanged, ensuring businesses can send and receive documents via an open and secure network.

This minimises the risk of fraud and unauthorised access to financial data. Additionally, Malaysian businesses may transact beyond borders through Peppol, including with vendors or partners in Singapore, Australia and New Zealand.

Finally, for businesses looking to align with the increasing prioritisation of sustainable practices amongst consumers, e-Invoicing will reduce paper usage and the overall environmental impact associated with traditional invoicing methods.

Through e-Invoicing, SME owners have complete visibility over invoice delivery.

This means they can spend more time working on the strategic aspects of the business and less time on administrative paperwork that takes up valuable time and resources.

What can businesses do right now to prepare

When adopting e-Invoicing, it is important for business leaders to understand how it will fit into their business operations to set them up for success.

Many Malaysian businesses opt for Xero, a cloud accounting software, to improve their financial management.

Marketplace platform Dropee has been able to save 50 hours per week on administrative tasks by utilising Xero to automatically manage purchase orders and invoices.

E-Invoicing speeds up invoice delivery and approval.

This has allowed the team to track cash flow in real-time, reconcile goods and quickly reimburse retailers.

Goget, a tech platform that handles thousands of transactions daily, also uses Xero, which provides them with an instant overview of all accounts and transaction codes, allowing the business to close their books in days instead of weeks, with accurate data.

Xero is trusted by businesses across the globe, including those in Singapore, New Zealand and Australia – and Malaysian businesses using Xero can expect to access e-Invoicing features soon.

Embracing e-Invoicing will not only ensure compliance, but also improve operational efficiencies and financial management for SMEs.

By preparing early and implementing an effective, overarching digital solution, the shift to e-Invoicing will likely be smooth for Malaysian businesses.

Source: https://www.thestar.com.my/starpicks/2024/0...oicing-for-smes
*
Peppol is a set of standards and technical specifications ensuring the secure and rapid transfer of electronic documents globally. Peppol’s components ensure interoperability of eInvoices and other e-procurement documents, facilitating easier global trade and full compliance with the regulatory requirements and taxation laws of transacting parties’ respective countries.

The Peppol network in context

Peppol began as a project funded by the European Union, where public procurement accounts for over 14% of the bloc’s GDP. Until recently, this public procurement has been hindered by the use of different standards in different regions, creating isolated islands which are not able to easily communicate electronically between each other.

Peppol allows different procurement processes to become compatible, by offering interoperability on both the transport of messages between Access Points, and at the business document level by conforming to Business Interoperability Specifications (BIS).



Thanks for sharing....

Peppol is a very important things.
h@ksam
post Jul 11 2024, 10:02 AM

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QUOTE(Iceman74 @ Jul 1 2024, 12:57 PM)
me not involved in the development team but those inside and similar software industry are  ranting.gif now
heard server not returning the respond or give different error code even 1st or 2nd trial are ok.
that why all software companies until now dare not said already final and ready for E-Inv training and deployment


me will involve in selling and implementation the module, until now me still waiting for the final product to demo and sell
They said target middle or 3rd week of this month  doh.gif
*
wau more things to spend, more middleman to make money

more failures to come once they go live in such a short time

why involve the whole nation when the top richest companies evade the most taxes
Timber
post Jul 11 2024, 10:11 AM

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QUOTE(plouffle0789 @ Jun 20 2024, 09:36 PM)
| Date          | Implementation Details                                                                                          |
1 August 2024  Implement on taxpayers with an annual turnover of RM100 million and above.                                   
1 January 2025 Implementation towards taxpayers with an annual turnover of RM25 million to RM100 million.                   
1 July 2025    To achieve full and comprehensive implementation on other remaining taxpayers.                               

The e-Invoice, introduced by the Inland Revenue Board of Malaysia (IRB) or LHDN Malaysia, encourages businesses in the nation to adopt digitalization and transact efficiently and accurately.
user posted image
So Genting Highlands Malaysian Food Street and Medan Selera ,skyway should start this e-invoice at 1 August 2024?
TNB and RANHILL SAJ SDN. BHD. Should start also??????
How is e-Invoice different from traditional invoice?                                                                                                                                                                       
The main purpose of e-invoice is for buyers to claim tax relief. Buyers must request e-invoice from sellers if the transaction is eligible for tax relief. Hence, the details required on e-invoice are more detailed than a normal invoice, which include buyers’ TIN number, IC number and others.
If the expenses is not for tax relief (e.g. daily expenses), then the buyer is not required to request e-invoice                                                                                                             

user posted image
Besides, another purpose of the initiative of implementing e-Invoice by the government is that it enables a better administration of taxes by the government and enhances tax compliance, as the proposal of utilizing Tax Identification Number (TIN) and e-Invoicing can also reduce fraud, shadow economy and revenue leakage in the nation.
It also serves as the approach to substitute GST
for the moment as a method of efficient administration, as shared by Datuk Seri Ahmad Maslan, Deputy Minister of Finance Malaysia.
user posted image

With the earlier full-scale implementation of e-Invoicing, businesses or taxpayers are urged to prepare early to ensure full compliance with the requirements and to get through the acclimation period smoothly and, at the same time, transact easily among suppliers and buyers.
Prohibition on the Use of Consolidated E-Invoices in Seven Key Industries                                                                                           
June 19, 2024                                                                                                                                                       
Recently, many companies have faced the challenge of the Inland Revenue Board (LHDN) mandating the implementation of the e-Invoice system.       
When "e-Invoice" is mentioned, most business owners break into a cold sweat. Fear often arises from the unknown; because e-Invoices are a new concept, many do not know where to start, which causes anxiety.
**Is the e-Invoice system a good solution for standardizing all business transaction records?**                                                                     
Yes! The e-Invoice system standardizes all business transaction records, effectively improving business efficiency, preventing financial confusion, making illegal businesses visible, preventing tax evasion, and enhancing tax compliance and transparency. However, this system is much more complex than you might imagine.
**Types of e-Invoices**                                                                                                                                             
1. **Invoice:** A commercial document detailing the transaction between the seller and the buyer. This includes self-billed e-Invoices by the buyer to record their expenses.
2. **Credit Note:** Issued by the seller to correct errors, generally used to provide discounts or adjustments to a previous e-Invoice without refunding the buyer. 
3. **Debit Note:** Used to adjust a previous e-Invoice due to additional charges incurred.                                                                         
4. **Refund Note:** An e-Invoice issued by the seller to the buyer confirming a refund.                                                                             
**Key Steps in Issuing an e-Invoice**                                                                                                                               
The article details six major steps in the process of issuing e-Invoices.                                                                                           
**What about retailers?**                                                                                                                                           
Retail businesses operate in a B2C (Business to Consumer) model. Issuing an e-Invoice for every transaction would be cumbersome. This is where the Consolidated e-Invoice comes in handy.
**What is a Consolidated e-Invoice?**                                                                                                                               
A Consolidated e-Invoice is an e-Invoice issued by the seller that avoids the need for a separate e-Invoice for each transaction. If the buyer does not request an e-Invoice, the seller can issue a regular invoice and consolidate these into one e-Invoice at the end of the month, submitting it to the LHDN within seven days after the month's end.
**Example:**                                                                                                                                                       
- **01.01.2025 – 31.1.2025:** End of January business/sales.                                                                                                       
- **1.2.2025 – 7.2.2025:** Consolidate and issue a consolidated e-Invoice based on the previous month’s sales invoices and submit it to the LHDN within seven days. 
**Seven Industries Prohibited from Using Consolidated e-Invoices**                                                                                                 
The tax authorities have specified that the following industries must issue an e-Invoice for each transaction:                                                     
1. Automotive industry                                                                                                                                             
2. Aviation industry                                                                                                                                               
3. Luxury goods and jewelry (taxpayers may issue consolidated e-Invoices until further notice from the LHDN if the buyer does not request an e-Invoice)             
4. Construction industry                                                                                                                                           
5. Wholesalers and retailers of construction materials                                                                                                             
6. Licensed betting and gaming                                                                                                                                     
7. Payments to agents, dealers, and distributors                                                                                                                   
**e-Invoice Two-Day Intensive Workshop **                                                                                                                 
Feeling uneasy about the e-Invoice policy or have many questions about e-Invoices? Don’t worry, you're not alone!                                                   
Many entrepreneurs are confused and anxious about the e-Invoice policy and unsure how to start converting their transactions to the e-Invoice system.
**By participating in the e-Invoice Two-Day Intensive Workshop, you will learn:**                                                                                   
- Key points of e-Invoices                                                                                                                                         
- Overview of e-Invoice workflow                                                                                                                                   
- Proof of income                                                                                                                                                   
- Proof of expenditure                                                                                                                                             
- Transition period for e-Invoice implementation                                                                                                                   
- Required data fields for e-Invoices and SDK code                                                                                                                 
- Who can be exempted from implementing e-Invoices                                                                                                                 
- Internal group transactions                                                                                                                                       
- API introductory guide                                                                                                                                           
- Laws and regulations regarding e-Invoices                                                                                                                         
user posted image
user posted image
user posted image
user posted image
user posted image
I need to enter items like motor, gear oil, engine oil, oil filter, spark plug, water tank, brake pad, air filter, engine overhaul, tuning, lights, windshield wiper, and battery (with many models) ......... into the e-invoice billing system.
Car workshop.
Otherwise customer will get blank receipt.
The software can?
Nasi Lemak
Pisang Goreng
Ramly Burger Stall
Cendol
Ayam Goreng
Mee Goreng Pasar Malam
Laksa
Mee Rebus
Mee Soto
Air Tebu
Air kelapa
*
There is a talk by LHDN on BFM, they explain very clearly. Seek for it on their podcast.

For mini market, they can just submit their daily sales. They should have a POS system, and everyday they can generate their daily sales at the end of the day. If they don't comply, meaning they are trying to evade tax.
Left4Dead2
post Jul 11 2024, 10:13 AM

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QUOTE(Iceman74 @ Jul 1 2024, 12:57 PM)
me not involved in the development team but those inside and similar software industry are  ranting.gif now
heard server not returning the respond or give different error code even 1st or 2nd trial are ok.
that why all software companies until now dare not said already final and ready for E-Inv training and deployment


me will involve in selling and implementation the module, until now me still waiting for the final product to demo and sell
They said target middle or 3rd week of this month  doh.gif
*
Bro, u r SQL or Autocount ?

Meaning IRB server side problem now or developer side ?

Do you think implementation will delay ?
Timber
post Jul 11 2024, 10:14 AM

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QUOTE(Timber @ Jul 11 2024, 10:11 AM)
There is a talk by LHDN on BFM, they explain very clearly. Seek for it on their podcast.

For mini market, they can just submit their daily sales. They should have a POS system, and everyday they can generate their daily sales at the end of the day. If they don't comply, meaning they are trying to evade tax.
*
Anyway the mini market auntie unker business falls under category 3, which is 1st July 2025, ONE YEAR FROM NOW. That's plenty of time to prepare - don't say the government don't tell you. They have been blasting this message since last year.
Akaashi
post Jul 11 2024, 10:17 AM

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QUOTE(h@ksam @ Jul 11 2024, 10:02 AM)
wau more things to spend, more middleman to make money

more failures to come once they go live in such a short time

why involve the whole nation when the top richest companies evade the most taxes
*
Big companies still pay alots despite the amount they managed to evade I guess lol

Now wanna target those invisible rich business / properties owners lol one I can think of is those ppl that have been collecting massive rentals without declaration over the years.
Akaashi
post Jul 11 2024, 10:18 AM

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QUOTE(Timber @ Jul 11 2024, 10:14 AM)
Anyway the mini market auntie unker business falls under category 3, which is 1st July 2025, ONE YEAR FROM NOW. That's plenty of time to prepare - don't say the government don't tell you. They have been blasting this message since last year.
*
Knowing Malaysians , they will wait till last minutes and kelam kabut and complain lol
sidthesloth
post Jul 11 2024, 10:18 AM

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TS, your engine oil banyak mahal lol. Sudah kena upcar ledi you get the pricing
blueknight
post Jul 11 2024, 10:22 AM

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troublesome lol, like i go mydin buy office equipment for office use and need go get e-invoice for it also.
Timber
post Jul 11 2024, 11:01 AM

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QUOTE(Akaashi @ Jul 11 2024, 10:18 AM)
Knowing Malaysians , they will wait till last minutes and kelam kabut and complain lol
*
I know right? Lepas tu complain dekat socmed Madani tidak berhati perut
TSplouffle0789
post Jul 11 2024, 11:18 AM

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QUOTE(h@ksam @ Jul 11 2024, 10:02 AM)
wau more things to spend, more middleman to make money

more failures to come once they go live in such a short time

why involve the whole nation when the top richest companies evade the most taxes
*
Not All companies in Malaysia start.....


This 1 August 2024,we will first see the receipt from Genting Malaysia Berhad (Genting Skyway / Awana Skyway / First World Hotel / Restaurant /Arena Of Star Concert ticket / car park receipt / indoor and outdoor Theme Park receipt/ Go genting Bus ticket/ Genting casino winning receiptt/ slot machine receipt?)


20 days more......




Date Implementation Details
1 August 2024 Implement on taxpayers with an annual turnover of RM100 million and above.
1 January 2025 Implementation towards taxpayers with an annual turnover of RM25 million to RM100 million.
1 July 2025 To achieve full and comprehensive implementation on other remaining taxpayers.

This post has been edited by plouffle0789: Jul 11 2024, 11:22 AM
TSplouffle0789
post Jul 11 2024, 11:23 AM

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QUOTE(blueknight @ Jul 11 2024, 10:22 AM)
troublesome lol, like i go mydin buy office equipment for office use and need go get e-invoice for it also.
*
Not All companies in Malaysia start.....


This 1 August 2024,we will probably first see the receipt from Genting Malaysia Berhad

(Genting Skyway / Awana Skyway /
First World Hotel /
Restaurant /Arena Of Star Concert ticket /
car park receipt /
indoor and outdoor Theme Park receipt/
Go genting Bus ticket/
Genting casino winning receiptt/
slot machine receipt?
/Mooncake receipt )


20 days more......




Date Implementation Details
1 August 2024 Implement on taxpayers with an annual turnover of RM100 million and above.
1 January 2025 Implementation towards taxpayers with an annual turnover of RM25 million to RM100 million.
1 July 2025 To achieve full and comprehensive implementation on other remaining taxpayers.


Mydin probably will start at 1 Jan 2025.....

This post has been edited by plouffle0789: Jul 11 2024, 11:24 AM
kenny B
post Jul 11 2024, 11:29 AM

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QUOTE(plouffle0789 @ Jun 20 2024, 09:36 PM)
user posted image
*
can explain why need to cover those parts?

TSplouffle0789
post Jul 11 2024, 11:58 AM

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QUOTE(kenny B @ Jul 11 2024, 11:29 AM)
can explain why need to cover those parts?
*
Later some people might say I am advertising for this restaurant.

This post has been edited by plouffle0789: Jul 11 2024, 11:59 AM
TSplouffle0789
post Jul 11 2024, 12:05 PM

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QUOTE(Iceman74 @ Jul 1 2024, 12:57 PM)
me not involved in the development team but those inside and similar software industry are  ranting.gif now
heard server not returning the respond or give different error code even 1st or 2nd trial are ok.
that why all software companies until now dare not said already final and ready for E-Inv training and deployment


me will involve in selling and implementation the module, until now me still waiting for the final product to demo and sell
They said target middle or 3rd week of this month  doh.gif
*
user posted image

The software can?

user posted image


user posted image


I saw Xero start advertising on the star newspaper......

This post has been edited by plouffle0789: Jul 11 2024, 12:10 PM
kenny B
post Jul 11 2024, 12:11 PM

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QUOTE(plouffle0789 @ Jul 11 2024, 11:58 AM)
Later some people might say I am advertising for this restaurant.
*
random blanks sure is weird af
coyouth
post Jul 11 2024, 12:16 PM

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so troublesome this stupid e-invoicing thingy. if they have anymore by-elections, probably disgruntled people also will vote against them.
Iceman74
post Jul 11 2024, 02:08 PM

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QUOTE(h@ksam @ Jul 11 2024, 10:02 AM)
wau more things to spend, more middleman to make money

more failures to come once they go live in such a short time

why involve the whole nation when the top richest companies evade the most taxes
*
no eye see lor


QUOTE(Left4Dead2 @ Jul 11 2024, 10:13 AM)
Bro, u r SQL or Autocount ?

Meaning IRB server side problem now or developer side ?

Do you think implementation will delay ?
*
can included UBS also but me just watch from sideline

all i know is IRB keep changing goalpost last minute, developer need to race to complete it but as time short, testing become hard when there is no fixed answer.
majority information should be all ok now, only the under special industry need to keep update.
anyway, only going live then we see how the LHDN server react to sudden surge of data comparing now beta testing among developers


QUOTE(plouffle0789 @ Jul 11 2024, 12:05 PM)
user posted image

The software can?

user posted image
user posted image
I saw Xero start advertising on the star newspaper......
*
If you ask me, i will go with local software, those international/regional software may not up to task to upgrade to current changes fast. Only buy those software if you big and have oversea companies.
Those software support charges will be higher comparing with local since RM are shit in exchange.
example yearly RM500 is around USD100 only for those overseas software, do you think they will give 1st class support for you since the Malaysia EPU are low comparing with SG.
We are the side dishes only in their eyes laugh.gif

This post has been edited by Iceman74: Jul 11 2024, 02:09 PM
h@ksam
post Jul 11 2024, 02:28 PM

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QUOTE(coyouth @ Jul 11 2024, 12:16 PM)
so troublesome this stupid e-invoicing thingy. if they have anymore by-elections, probably disgruntled people also will vote against them.
*
by involving everyone of all communities into a new untested system in such a short frame of time, without understanding what works and what doesn't, what solutions to provide for every scenario, only two outcomes will appear:

either everyone is smart enough to adapt to the new system and carry on with their lives

or all hell breaks loose just like gst in the past and opposition will have the narrative to promise reversal after they take over in the next election

I'm not saying the system will fail but there should be a longer period of transition and done in good faith especially to those that are simple minded and illiterate which contributes the least amount to tax collection compared to Berhads and MnC's.
coyouth
post Jul 11 2024, 03:05 PM

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QUOTE(h@ksam @ Jul 11 2024, 02:28 PM)
by involving everyone of all communities into a new untested system in such a short frame of time, without understanding what works and what doesn't, what solutions to provide for every scenario, only two outcomes will appear:

either everyone is smart enough to adapt to the new system and carry on with their lives

or all hell breaks loose just like gst in the past and opposition will have the narrative to promise reversal after they take over in the next election

I'm not saying the system will fail but there should be a longer period of transition and done in good faith especially to those that are simple minded and illiterate which contributes the least amount to tax collection compared to Berhads and MnC's.
*
exactly. if a normal citizen like you can understand the repercussions, just shows what kind of morons are in govt now. as rafizi puts it, they(the govt) are the actual bahlol and bodohs.
maxpudding
post Jul 11 2024, 03:07 PM

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Ni nama dia bodoh

Just re implement gst and be done with it

Companies have bought gst accounting softwares worth thousands of ringgit, and now have to fork out monies again just to use this “e invoice” crap.

This post has been edited by maxpudding: Jul 11 2024, 03:08 PM
Iceman74
post Jul 11 2024, 03:33 PM

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QUOTE(maxpudding @ Jul 11 2024, 03:07 PM)
Ni nama dia bodoh

Just re implement gst and be done with it

Companies have bought gst accounting softwares worth thousands of ringgit, and now have to fork out monies again just to use this “e invoice” crap.
*
e invoice are much much more comprehensive and wholesome as total control of information if done correctly and transparent.
GST are peanut comparing to e-invoice

we will find this the true big effect maybe in next 5 years or maybe earlier in 3 years.
if their go forward with e payment(rumour ->soon after this einv thing)... haha... then those evaders can close eyes looking for loopholes

This post has been edited by Iceman74: Jul 11 2024, 03:35 PM
Iceman74
post Jul 16 2024, 09:33 PM

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Now rumours 150k turnover no need do any einvoice or consolidated einv

https://www.sinchew.com.my/news/20240716/na..._LpZE9kCLdZ4gDg

Wait for official statement lor


nelson969
post Jul 16 2024, 09:39 PM

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QUOTE(Iceman74 @ Jul 16 2024, 09:33 PM)
Now rumours 150k turnover no need do any einvoice or consolidated einv

https://www.sinchew.com.my/news/20240716/na..._LpZE9kCLdZ4gDg

Wait for official statement lor
*
lhdn malding need to increase their audit for 150k below
silverhawk
post Jul 17 2024, 12:44 AM

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QUOTE(Timber @ Jul 11 2024, 10:14 AM)
Anyway the mini market auntie unker business falls under category 3, which is 1st July 2025, ONE YEAR FROM NOW. That's plenty of time to prepare - don't say the government don't tell you. They have been blasting this message since last year.
*
Up till now, e-invoice APIs still got a lot of issues.

Expect a lot of problems to happen even up to a year from now, and this is with companies that have millions to spend on consultants to implement the changes. Auntie unker business can really only participate when the entire system (not just the tech) stabilizes. I doubt they can get it stable by 1st July 2025.
spamfish
post Jul 17 2024, 02:48 AM

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simple Padu already cost 85 million... who will get contract to implement e-invoice? how much is the bill vs trun back GST?
TSplouffle0789
post Jul 17 2024, 09:38 AM

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QUOTE(Iceman74 @ Jul 16 2024, 09:33 PM)
Now rumours 150k turnover no need do any einvoice or consolidated einv

https://www.sinchew.com.my/news/20240716/na..._LpZE9kCLdZ4gDg

Wait for official statement lor
*
https://mdec.my/national-einvoicing

Malaysia’s Peppol Solution and Service Providers:

List of Peppol-Ready Solution Providers (Published on 12/07/2024)
List of Service Providers (Published on 12/07/2024)


# Company Name URL Status
-----------------------------------------------------------------------------------------------------------
1 Advintek Consulting Services Sdn. Bhd [Advintek](https://einvoice.advintek.com.my/)
2 Avalara Europe Limited [Avalara](https://www.avalara.com/)
3 B2BROUTER GLOBAL SL [B2BROUTER](https://www.b2brouter.net) Accredited
4 Basware Corporation [Basware](https://www.basware.com/en/) Accredited
5 Beacon Systems Sdn Bhd [Beacon Systems](https://beaconx.com.my/) Accredited
6 B-Global Sdn. Bhd [B-Global](https://b-globaltechnology.net/) Accredited
7 Bigledger Sdn Bhd [Bigledger](https://bigledger.com/) Accredited
8 Billit BV [Billit](https://www.billit.eu/en-int/) Accredited
9 Century Software (M) Sdn Bhd [Century Software](https://centurysoftware.com.my) Accredited
10 Cleartax (Defmacro Software) [Cleartax](https://cleartax.com/my/en) Accredited
11 Comarch S.A. [Comarch](https://www.comarch.com) Accredited
12 Complyance, Inc.

Pagero AB

user posted image

Many also....



Undergoing Accreditation for Peppol Access Point/ Service Providers (SP)



user posted image
Accenture Sdn Bhd

BDO Technology Solutions Sdn Bhd

user posted image


Ernst & Young Tax Consultants Sdn Bhd


user posted image


Deloitte never applied?



Surprisingly, Accenture , BDO and Ernst & Young Tax Consultants Sdn Bhd are still undergoing accreditation.

This post has been edited by plouffle0789: Jul 17 2024, 11:19 AM
Iceman74
post Jul 17 2024, 10:42 AM

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QUOTE(plouffle0789 @ Jul 17 2024, 09:38 AM)
https://mdec.my/national-einvoicing

Malaysia’s Peppol Solution and Service Providers:

List of Peppol-Ready Solution Providers (Published on 12/07/2024)
List of Service Providers (Published on 12/07/2024)
Company Name                              URL                                            Status   
-----------------------------------------------------------------------------------------------------------
Advintek Consulting Services Sdn. Bhd    [Advintek](https://einvoice.advintek.com.my/)             
Avalara Europe Limited                    [Avalara](https://www.avalara.com/)                       
B2BROUTER GLOBAL SL                      [B2BROUTER](https://www.b2brouter.net)        Accredited
Basware Corporation                      [Basware](https://www.basware.com/en/)        Accredited
Beacon Systems Sdn Bhd                    [Beacon Systems](https://beaconx.com.my/)      Accredited
B-Global Sdn. Bhd                        [B-Global](https://b-globaltechnology.net/)    Accredited
Bigledger Sdn Bhd                        [Bigledger](https://bigledger.com/)            Accredited
Billit BV                                [Billit](https://www.billit.eu/en-int/)        Accredited
Century Software (M) Sdn Bhd              [Century Software](https://centurysoftware.com.my) Accredited
10 Cleartax (Defmacro Software)              [Cleartax](https://cleartax.com/my/en)        Accredited
11 Comarch S.A.                              [Comarch](https://www.comarch.com)            Accredited
12 Complyance, Inc.                                                                                     

Pagero AB

user posted image

Many also....
Undergoing Accreditation for Peppol Access Point/ Service Providers (SP)
user posted image
Accenture Sdn Bhd

BDO Technology Solutions Sdn Bhd

user posted image
Ernst & Young Tax Consultants Sdn Bhd
Surprisingly, Accenture , BDO and  Ernst & Young Tax Consultants Sdn Bhd are  still undergoing accreditation.
*
the big problem... do you want to pay for it per einv transactions for Peppol transaction beside all the integration "professional" charges laugh.gif
TSplouffle0789
post Jul 17 2024, 11:18 AM

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QUOTE(Iceman74 @ Jul 17 2024, 10:42 AM)
the big problem... do you want to pay for it per einv transactions for Peppol transaction beside all the integration "professional" charges  laugh.gif
*
How much?


So 1 package settle all?

Now which company you tried to use ?
Iceman74
post Jul 17 2024, 12:59 PM

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QUOTE(plouffle0789 @ Jul 17 2024, 11:18 AM)
How much?
So 1 package settle all?

Now which company you tried to use ?
*
not too sure but heard rumor few cents per einv transactions.. If 10cents per transactions, can lari far far away for most businesses owners laugh.gif
me not going to subscribed it anyway... crazy ar? sweat.gif


beside u want to know for what?
u go call those list up lar for the solutions and full answer
those using it are not tom, dick & harry companies...
that is for those super VVIP companies laugh.gif
TSplouffle0789
post Jul 17 2024, 01:13 PM

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QUOTE(Iceman74 @ Jul 17 2024, 12:59 PM)
not too sure but heard rumor few cents per einv transactions.. If 10cents per transactions, can lari far far away for most businesses owners  laugh.gif
me not going to subscribed it anyway... crazy ar?  sweat.gif  
beside u want to know for what?
u go call those list up lar for the solutions and full answer
those using it are not tom, dick & harry companies...
that is for those super VVIP companies  laugh.gif
*
So SME use those sdn bhd local software company?


BDO,E&Y , Accenture Sdn Bhd ,Pagemo sure super expensive....

This post has been edited by plouffle0789: Jul 17 2024, 01:14 PM
Seawater
post Jul 17 2024, 01:24 PM

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QUOTE(maxpudding @ Jul 11 2024, 03:07 PM)
Ni nama dia bodoh

Just re implement gst and be done with it

Companies have bought gst accounting softwares worth thousands of ringgit, and now have to fork out monies again just to use this “e invoice” crap.
*
Gst bcos follows rest of the world. Einvoice same thing. Cannot avoid the cost it will come sooner or later. Having said that, hope it got delayed until next GE.🤞
maxpudding
post Jul 17 2024, 01:27 PM

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QUOTE(Seawater @ Jul 17 2024, 01:24 PM)
Gst bcos follows rest of the world. Einvoice same thing. Cannot avoid the cost it will come sooner or later. Having said that, hope it got delayed until next GE.🤞
*
Lulz see first during the first phase macamana
Seawater
post Jul 17 2024, 01:28 PM

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QUOTE(Iceman74 @ Jul 16 2024, 09:33 PM)
Now rumours 150k turnover no need do any einvoice or consolidated einv

https://www.sinchew.com.my/news/20240716/na..._LpZE9kCLdZ4gDg

Wait for official statement lor
*
Depends on how the change it. They might just make it such that small businesses no need to report einvoice, but their buyers will have to perform self billed einvoice on their behalf. So end up pushing the job to someone else only. Also, even if they don't issue einvoice, they are still receiving einvoice and IRBM will know what they have bought. They are not totally off the radar during tax audit.
Iceman74
post Jul 17 2024, 01:41 PM

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QUOTE(Seawater @ Jul 17 2024, 01:28 PM)
Depends on how the change it. They might just make it such that small businesses no need to report einvoice, but their buyers will have to perform self billed einvoice on their behalf. So end up pushing the job to someone else only. Also, even if they don't issue einvoice, they are still receiving einvoice and IRBM will know what they have bought. They are not totally off the radar during tax audit.
*
yeah... they not completely let go those small fry fishes go...
anyway RM150k turnover are not much if the business is trading, after deduction, the GP & NP are around nontaxable income range. If services, then lain cerita.
let see how they going to handle multiple sole prop biz owners, don't think they will let go those guys with many sole prop biz easily

heard from inside, LHDN die die must jalan first, problem arise, then see how.
there no more delay for 1st batches anyway... see how those guys vomit blood first laugh.gif

This post has been edited by Iceman74: Jul 17 2024, 01:44 PM
mick84
post Jul 17 2024, 01:48 PM

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true setori:

Ipoh Dim sum aunty: You want resit mo? want resit I add 8%. Ewallet credit card also add 8%. You pay cash no need 8%.

ayam: I pay cash.
AmpBuster
post Jul 17 2024, 01:49 PM

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QUOTE(moiskyrie @ Jun 20 2024, 09:55 PM)
So both seller and buyer don't want e-invoice,
Both can lari tax as seller no need issue invoice,
So no record of the transaction...?
*
can, provided seller's supplier also don't submit
otherwise trackable
thxxht
post Jul 17 2024, 01:52 PM

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word on the street is that LHDN's system is still buggy as hell, slow acknowledgement, missing transactions...etc. Alot of industry are not ready for e-invoice but still being force to do it.
SUSAccord2018
post Jul 17 2024, 02:05 PM

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QUOTE(Iceman74 @ Jul 17 2024, 12:59 PM)
not too sure but heard rumor few cents per einv transactions.. If 10cents per transactions, can lari far far away for most businesses owners  laugh.gif
me not going to subscribed it anyway... crazy ar?  sweat.gif  
beside u want to know for what?
u go call those list up lar for the solutions and full answer
those using it are not tom, dick & harry companies...
that is for those super VVIP companies  laugh.gif
*
not compulsory? with this easy to catch those companies ma. see your p&l sales/revenue not tally with the e invoice then can direct tangkap?

This post has been edited by Accord2018: Jul 17 2024, 02:06 PM
Iceman74
post Jul 17 2024, 02:23 PM

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QUOTE(Accord2018 @ Jul 17 2024, 02:05 PM)
not compulsory? with this easy to catch those companies ma. see your p&l sales/revenue not tally with the e invoice then can direct tangkap?
*
by theory if all using einv... almost live monthly data they can collect correctly
your purchase is someone sales... and so on..

Using AI will detect margin of error those ppl really want to play around with numbers... LHDN will know roughly what you up to after submit CP204 before you even finalize your accounts whistling.gif

by using this database as well, they can determine the industry roughly GP and NP as well all computerize using AI detection. Last time still got chance might "lepas" overlook. Now u pray harder also no use.

If in prefect world, tax submission no need us fill in those number jor.. all will prefill in.
Just like personal tax now, some figure are prefill in for you if you do the tax submission yourself

They are cross interlink now, even you got how many properties they also know since already link to land office. You try "lari" not paying rental income now also cannot. laugh.gif
pokie182
post Jul 17 2024, 02:29 PM

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QUOTE(maxpudding @ Jul 11 2024, 03:07 PM)
Ni nama dia bodoh

Just re implement gst and be done with it

Companies have bought gst accounting softwares worth thousands of ringgit, and now have to fork out monies again just to use this “e invoice” crap.
*
GST and e-invoice are two different things doh.gif doh.gif doh.gif
yhtan
post Jul 17 2024, 03:17 PM

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QUOTE(Iceman74 @ Jul 17 2024, 02:23 PM)
by theory if all using einv... almost live monthly data they can collect correctly
your purchase is someone sales... and so on..

Using AI will detect margin of error those ppl really want to play around with numbers... LHDN will know roughly what you up to after submit CP204 before you even finalize your accounts  whistling.gif 

by using this database as well, they can determine the industry roughly GP and NP as well all computerize using AI detection. Last time still got chance might "lepas" overlook. Now u pray harder also no use.

If in prefect world, tax submission no need us fill in those number jor.. all will prefill in.
Just like personal tax now, some figure are prefill in for you if you do the tax submission yourself

They are cross interlink now, even you got how many properties they also know since already link to land office. You try "lari" not paying rental income now also cannot.  laugh.gif
*
For the past 10 years LHDN is been targeting all the big fish, most likely they are fully comply with it and dare not under declare. For LHDN to increase tax revenue, they have to dig out those underground economy and small scale business people who did not file tax, or under declare by huge margin.

Imagine a person doing small business at hawker stall report earnings RM40k earnings, but actually earnings is RM100k, then itchy go buy car at RM200k with loan. Easily kantoi if the income and reported earnings has huge discrepancies.
TSplouffle0789
post Jul 17 2024, 06:27 PM

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QUOTE(mick84 @ Jul 17 2024, 01:48 PM)
true setori:

Ipoh Dim sum aunty: You want resit mo? want resit I add 8%. Ewallet credit card also add 8%. You pay cash no need 8%.

ayam: I pay cash.
*
when do you encounter this?
TSplouffle0789
post Jul 17 2024, 06:28 PM

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QUOTE(thxxht @ Jul 17 2024, 01:52 PM)
word on the street is that LHDN's system is still buggy as hell, slow acknowledgement, missing transactions...etc. Alot of industry are not ready for e-invoice but still being force to do it.
*
13 days more....

Genting Skyway recipt should have qr code later....


Cyberbullies
post Jul 17 2024, 06:36 PM

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QUOTE(mick84 @ Jul 17 2024, 01:48 PM)
true setori:

Ipoh Dim sum aunty: You want resit mo? want resit I add 8%. Ewallet credit card also add 8%. You pay cash no need 8%.

ayam: I pay cash.
*
Lol the first time I encountered this I was also quite shocked. I mean that’s so risky because who knows who your customer is.

This post has been edited by Cyberbullies: Jul 17 2024, 06:38 PM
maxpudding
post Jul 17 2024, 07:54 PM

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QUOTE(pokie182 @ Jul 17 2024, 02:29 PM)
GST and e-invoice are two different things  doh.gif  doh.gif  doh.gif
*
Of course la, but at the end of the day, they still want to track your money through this e-invoicing mechanism, because SST cannot track like GST does.
NubPro
post Jul 17 2024, 07:55 PM

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QUOTE(mick84 @ Jul 17 2024, 01:48 PM)
true setori:

Ipoh Dim sum aunty: You want resit mo? want resit I add 8%. Ewallet credit card also add 8%. You pay cash no need 8%.

ayam: I pay cash.
*
this is like China marketplace
TSplouffle0789
post Jul 17 2024, 08:49 PM

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QUOTE(NubPro @ Jul 17 2024, 07:55 PM)
this is like China marketplace
*
They want to avoid income tax?
delon85
post Jul 17 2024, 08:59 PM

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Bodo BMX

Create more tax and e-invoice to replace GST. With the overheads alone, might as well just bring back GST
mick84
post Jul 17 2024, 09:25 PM

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QUOTE(plouffle0789 @ Jul 17 2024, 06:27 PM)
when do you encounter this?
*
It's been awhile.

QUOTE(Cyberbullies @ Jul 17 2024, 06:36 PM)
Lol the first time I encountered this I was also quite shocked. I mean that’s so risky because who knows who your customer is.
*
For F&B, its not easy to trace. 1 pack of noodle you can server 10 - 15 plates, depend on chef.

QUOTE(NubPro @ Jul 17 2024, 07:55 PM)
this is like China marketplace
*
Betul betul.
cfa28
post Jul 17 2024, 09:28 PM

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einvoice is for tax department to spy on the lives of private citizens
NubPro
post Jul 17 2024, 10:34 PM

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QUOTE(plouffle0789 @ Jul 17 2024, 08:49 PM)
They want to avoid income tax?
*
yup and they do it openly, their gov close both eyes
SUSNoComment222
post Jul 17 2024, 10:38 PM

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QUOTE(plouffle0789 @ Jun 20 2024, 09:36 PM)
This kind of info....you accountant?
K.I.T.T
post Jul 17 2024, 11:02 PM

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QUOTE(Zaryl @ Jun 20 2024, 10:41 PM)
so, like me who runs a rental house side business, no need to prepare this e-Invoice to my tenant right?

I do keep my own excel ledger (credit debit) and pay the tax appropriately after deducting the annual repair cost if any, sewage treatment fees (Indah Water), Assessment tax, quit rent & misc costs.
*
Bank statement over RM 5k per month tak ?
K.I.T.T
post Jul 17 2024, 11:03 PM

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QUOTE(delon85 @ Jul 17 2024, 08:59 PM)
Bodo BMX

Create more tax and e-invoice to replace GST. With the overheads alone, might as well just bring back GST
*
GST next year will avaiable.
mushigen
post Jul 17 2024, 11:04 PM

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QUOTE(mick84 @ Jul 17 2024, 01:48 PM)
true setori:

Ipoh Dim sum aunty: You want resit mo? want resit I add 8%. Ewallet credit card also add 8%. You pay cash no need 8%.

ayam: I pay cash.
*
This one was common when gst was introduced. My tyre shop pun asked me if I needed receipt. If need receipt, must pay gst lor...
Zaryl
post Jul 17 2024, 11:52 PM

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QUOTE(K.I.T.T @ Jul 17 2024, 11:02 PM)
Bank statement over RM 5k per month tak ?
*
my current rental rate is just RM800 per month.

far fetch from that Rm5k per month laugh.gif

hopefully PMX will just turn away from us landlords.
go hunt those big taukes lah.

enduser
post Jul 22 2024, 09:33 PM

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https://www.malaymail.com/news/malaysia/202...-july-25/144639

Puspakom requires tax identification number for vehicle inspection starting July 25

KUALA LUMPUR, July 22 — Puspakom announced today that starting July 25, customers must provide a Tax Identification Number (TIN) for all transactions via MyPuspakom and at its branches nationwide.

This requirement aligns with the Inland Revenue Board’s (IRB) implementation of the electronic invoicing (e-invoice) system.

“This step aims to streamline and enhance the national taxation system, promoting transparency in financial and tax matters,” Puspakom wrote in a statement.

Corporate customers must provide their TIN, company registration number, and Sales and Services Tax (SST) number, while individual customers need to provide their identity card number and TIN.

Puspakom advised all customers to ensure they have their TIN before making appointments at www.mypuspakom.com.my to facilitate efficient processing of transactions by Puspakom and IRB.

“The e-invoice system will not only address revenue leakage but also offer more accurate compliance risk assessments,” Puspakom added.

Customers can contact Puspakom’s customer service at 03-5101 7000 or follow Puspakom Sdn. Bhd. on Facebook for the latest information.


TSplouffle0789
post Jul 22 2024, 09:39 PM

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QUOTE(Iceman74 @ Jul 11 2024, 02:08 PM)
no eye see lor
can included UBS also but me just watch from sideline

all i know is IRB keep changing goalpost last minute, developer need to race to complete it but as time short, testing become hard when there is no fixed answer.
majority information should be all ok now, only the under special industry need to keep update.
anyway, only going live then we see how the LHDN server react to sudden surge of data comparing now beta testing among developers 
If you ask me, i will go with local software, those international/regional software may not up to task to upgrade to current changes fast. Only buy those software if you big and have oversea companies.
Those software support charges will be higher comparing with local since RM are shit in exchange.
example yearly RM500 is around USD100 only for those overseas software, do you think they will give 1st class support for you since the Malaysia EPU are low comparing with SG.
We are the side dishes only in their eyes laugh.gif
*
user posted image


Why lazada no give QR Code e-invoice?



They sent a email with title e-Invoice for xxxxxx to me
cypher
post Jul 22 2024, 09:52 PM

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i more concern 1st August what will happen on the server.
Iceman74
post Jul 22 2024, 10:11 PM

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QUOTE(plouffle0789 @ Jul 22 2024, 09:39 PM)
user posted image
Why lazada no give QR Code e-invoice?
They sent a email with title e-Invoice for xxxxxx to me
*
U trolling or what?

E inv start on 1st Aug
Optizorb
post Jul 22 2024, 10:36 PM

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QUOTE(enduser @ Jul 22 2024, 09:33 PM)
https://www.malaymail.com/news/malaysia/202...-july-25/144639

Puspakom requires tax identification number for vehicle inspection starting July 25

KUALA LUMPUR, July 22 — Puspakom announced today that starting July 25, customers must provide a Tax Identification Number (TIN) for all transactions via MyPuspakom and at its branches nationwide.

This requirement aligns with the Inland Revenue Board’s (IRB) implementation of the electronic invoicing (e-invoice) system.

“This step aims to streamline and enhance the national taxation system, promoting transparency in financial and tax matters,” Puspakom wrote in a statement.

Corporate customers must provide their TIN, company registration number, and Sales and Services Tax (SST) number, while individual customers need to provide their identity card number and TIN.

Puspakom advised all customers to ensure they have their TIN before making appointments at www.mypuspakom.com.my to facilitate efficient processing of transactions by Puspakom and IRB.

“The e-invoice system will not only address revenue leakage but also offer more accurate compliance risk assessments,” Puspakom added.

Customers can contact Puspakom’s customer service at 03-5101 7000 or follow Puspakom Sdn. Bhd. on Facebook for the latest information.
*
More misery and procedural shit for ehailing drivers while fare at all time low lol yhtan

TSplouffle0789
post Jul 22 2024, 10:46 PM

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QUOTE(Iceman74 @ Jul 22 2024, 10:11 PM)
U trolling or what?

E inv start on 1st Aug
*
https://forum.lowyat.net/topic/5461205

They start edi.

I also do not know why.mm
Iceman74
post Jul 22 2024, 10:54 PM

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QUOTE(plouffle0789 @ Jul 22 2024, 10:46 PM)
https://forum.lowyat.net/topic/5461205

They start edi.

I also do not know why.mm
*
Ok, confirmed either you are trolling or you have problems with basic comprehension understanding of English
yhtan
post Jul 22 2024, 11:25 PM

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QUOTE(Optizorb @ Jul 22 2024, 10:36 PM)
More misery and procedural shit for ehailing drivers while fare at all time low lol yhtan
*
if driver didn't do tax filing then wish them good luck laugh.gif
pisces88
post Jul 22 2024, 11:32 PM

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anyone know which sofware for e-invoicing is cheapest? jus for small enterprise.
SUSAccord2018
post Jul 22 2024, 11:41 PM

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QUOTE(Iceman74 @ Jul 22 2024, 10:54 PM)
Ok, confirmed either you are trolling or you have problems with basic comprehension understanding of English
*
Many at shopee sure need close shop adi like this especially those engine oil, spare parts etc. Alot no pay tax or selling fake oil one so no way they will submit any documents.

This post has been edited by Accord2018: Jul 22 2024, 11:42 PM
TSplouffle0789
post Jul 22 2024, 11:58 PM

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QUOTE(Iceman74 @ Jul 22 2024, 10:54 PM)
Ok, confirmed either you are trolling or you have problems with basic comprehension understanding of English
*
https://www.thestar.com.my/news/nation/2024...ollout-says-irb


KUALA LUMPUR: More than 5,000 companies have applied for access to the Inland Revenue Board's MyInvois portal ahead of the rollout of e-invoicing from Aug 1, says Datuk Dr Abu Tariq Jamaluddin.

"As of June 30, over 5,000 companies have received their client identification and client secret keys, enabling them to access our MyInvois API (application programming interface) Testing Environment, also known as the Sandbox Environment.



Abu Tariq said over 100 pioneer companies have since been granted access to the MyInvois API Production Environment ahead of the Aug 1 deadline.

"These companies have started issuing e-invoices beginning from May 2 before the Aug 1 implementation," he added.

Beginning Aug 1, taxpayers with an annual turnover exceeding RM100mil are required to implement e-invoicing.



Iceman74
post Jul 23 2024, 12:14 AM

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QUOTE(Accord2018 @ Jul 22 2024, 11:41 PM)
Many at shopee sure need close shop adi like this especially those engine oil, spare parts etc. Alot no pay tax or selling fake oil one so no way they will submit any documents.
*
The "bold" still got time if they still dare continue.. E-Inv need time to consolidate the data until full implementation start to pull the data out comparison.
1 thing is for sure, biz owners need either close and consolidate all their biz into 1 big company for ease of operation or open more companies by using other names especially those sole prop 1


regarding fake oil or whatever fake/illegal won't matters as long there is a way to sell it.. e-inv or whatever.
Shopee or Lazada won't care about all this unless "big case" happened. there alot fake supplement in there selling too but who care as long no 1 die "yet" and report it

That why Shopee and Lazada create that special class of reputable sellers to differentiate from those no reputation online biz.
Buyers need to be smart too to minimize being scam by them.

anyway, for 1 last time.
end user/consumer/customers won't have any effect, got e-inv or normal inv is not an issue for them.
Just make sure the inv are in their rightful name to be able claim whatever they want for now until Jul 2025 or tbc

If want to claim from company purpose, go ask your company operation lar what is needed and follow it
If you want the E-Inv to be under company name, get used to what information needs to be able to generate the E-Inv by the sellers.
If still dunno what is needed until now, then u are most probably small time biz, just continue doing what u do cos u got 11 months to get use to it..

No worry, it will keep on changing what is needed laugh.gif
like on Sunday, it announces BRN is not compulsory field for E-Inv for now whistling.gif

This post has been edited by Iceman74: Jul 23 2024, 12:27 AM
SUSAccord2018
post Jul 23 2024, 12:51 AM

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QUOTE(Iceman74 @ Jul 23 2024, 12:14 AM)
The "bold" still got time if they still dare continue.. E-Inv need time to consolidate the data until full implementation start to pull the data out comparison.
1 thing is for sure, biz owners need either close and consolidate all their biz into 1 big company for ease of operation or open more companies by using other names especially those sole prop 1
regarding fake oil or whatever fake/illegal won't matters as long there is a way to sell it.. e-inv or whatever.

*
Shopee needs them to submit tax number first only can. Many fake oil there. see they dare give invoice for fake product? 🤣 U need to put expenses in the system for AI to see also where u get ur stock.
TSplouffle0789
post Jul 23 2024, 09:04 AM

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QUOTE(Iceman74 @ Jul 23 2024, 12:14 AM)
The "bold" still got time if they still dare continue.. E-Inv need time to consolidate the data until full implementation start to pull the data out comparison.
1 thing is for sure, biz owners need either close and consolidate all their biz into 1 big company for ease of operation or open more companies by using other names especially those sole prop 1
regarding fake oil or whatever fake/illegal won't matters as long there is a way to sell it.. e-inv or whatever.
Shopee or Lazada won't care about all this unless "big case" happened. there alot fake supplement in there selling too but who care as long no 1 die "yet" and report it

That why Shopee and Lazada create that special class of reputable sellers to differentiate from those no reputation online biz.
Buyers need to be smart too to minimize being scam by them.

anyway, for 1 last time.
end user/consumer/customers won't have any effect, got e-inv or normal inv is not an issue for them.
Just make sure the inv are in their rightful name to be able claim whatever they want for now until Jul 2025 or tbc

If want to claim from company purpose, go ask your company operation lar what is needed and follow it
If you want the E-Inv to be under company name, get used to what information needs to be able to generate the E-Inv by the sellers.
If still dunno what is needed until now, then u are most probably small time biz, just continue doing what u do cos u got 11 months to get use to it..

No worry, it will keep on changing what is needed  laugh.gif
like on Sunday, it announces BRN is not compulsory field for E-Inv for now  whistling.gif
*
What is BRN?
Azusa_San
post Jul 24 2024, 07:26 AM

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TNG Ewallet now also require merchant to submit tax informations for e-invoice

https://merchantsupport.tngdigital.com.my/h...04441-e-Invoice

This post has been edited by Azusa_San: Jul 24 2024, 07:27 AM
TSplouffle0789
post Jul 24 2024, 08:06 AM

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QUOTE(Azusa_San @ Jul 24 2024, 07:26 AM)
TNG Ewallet now also require merchant to submit tax informations for e-invoice

https://merchantsupport.tngdigital.com.my/h...04441-e-Invoice
*
https://msic.stats.gov.my/bi/deskripsiDetai...on=41§ion=F


One more thing need to be take note.

MSIC code

But the searching system cannot put english word but 3 digits only.....

According to the website,


In Malaysia, a Tax Identification Number (TIN) is generally issued to individuals who are required to file taxes or engage in tax-related activities.



But If a person is under 18 and does not have any income or taxable activities, they typically would not have a TIN because they are not required to file taxes.

However, if the person is involved in activities that require tax registration or has income from investments, they might be issued a TIN. For most individuals under 18 with no income, having a TIN is not necessary.


With the e-invoice system being implemented on August 1, 2024 or 1 July 2025 , if a minor below 18 years old goes to buy food or drinks at 7-Eleven and does not provide a TIN, how will the cashier issue the receipt?

This post has been edited by plouffle0789: Jul 24 2024, 08:10 AM
Seawater
post Jul 24 2024, 01:06 PM

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QUOTE(plouffle0789 @ Jul 24 2024, 08:06 AM)
https://msic.stats.gov.my/bi/deskripsiDetai...on=41§ion=F
One more thing need to be take note.

MSIC code

But the searching system cannot put english word but 3 digits only.....

According to the website,
In Malaysia, a Tax Identification Number (TIN) is generally issued to individuals who are required to file taxes or engage in tax-related activities.
But If a person is under 18 and does not have any income or taxable activities, they typically would not have a TIN because they are not required to file taxes.

However, if the person is involved in activities that require tax registration or has income from investments, they might be issued a TIN. For most individuals under 18 with no income, having a TIN is not necessary.
With the e-invoice system being implemented on August 1, 2024 or 1 July 2025  , if a minor below 18 years old goes to buy food or drinks at 7-Eleven and does not provide a TIN, how will the cashier issue the receipt?
*
For Malaysian individual, having IC number is enough for einvoice, TIN is optional.
TSplouffle0789
post Jul 24 2024, 01:12 PM

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QUOTE(Seawater @ Jul 24 2024, 01:06 PM)
For Malaysian individual, having IC number is enough for einvoice, TIN is optional.
*
user posted image

I think the government should ensure that MyKid cards are always in stock, as they often run out.

Is the IC number on the MyKid the same as the one on the MyKad?

If a minor under 12 years old buys a pen at Popular bookstore, can they get an E-invoice?



MyKid is an identity card or self-identification card with chip for children under the age of 12 years old and it is a supporting document for a birth certificate.

The feature of MyKid is similar to MyKad without the photograph and fingerprint.

“My” means Malaysia while Kid is the abbreviation for “Kad Identiti Diri” (Self Identity Card). The identification number on MyKid will be used in all matters from birth till death.

This post has been edited by plouffle0789: Jul 24 2024, 01:16 PM
Gadget_Freak
post Jul 24 2024, 01:28 PM

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so shopee lapsapda seller how? shopee help to submit?
JimbeamofNRT
post Jul 24 2024, 01:32 PM

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QUOTE(Gadget_Freak @ Jul 24 2024, 01:28 PM)
so shopee lapsapda seller how? shopee help to submit?
*
they already send reminder to self register, together with copy of mykad
Gadget_Freak
post Jul 24 2024, 02:32 PM

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QUOTE(JimbeamofNRT @ Jul 24 2024, 01:32 PM)
they already send reminder to self register, together with copy of mykad
*
then after that seller need to do anything? or shopee will upload each transaction on behalf of seller?
kennykck
post Jul 24 2024, 08:03 PM

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if i buy phones before e-invoice implement, the receipt does not have 2D barcode. Next year can I claim tax relief using this receipt?
tkyong1
post Jul 25 2024, 08:40 AM

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it seems like things are not ready at IRBM.

the batch upload spreadsheet template not ready, testing also with error message not fixed.

will they postpone the 1-8-2024? i really hope so.
Marcion
post Jul 25 2024, 09:02 AM

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QUOTE(Pain4UrsinZ @ Jul 1 2024, 01:59 AM)
annual business overturn of 100 millions next year target 25 millions
*
I do see many k'tard here no pay attention to that , small business where can get that amount so is no needed for e invoice.
TSplouffle0789
post Jul 25 2024, 09:26 AM

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QUOTE(Marcion @ Jul 25 2024, 09:02 AM)
I do see many k'tard here no pay attention to that , small business where can get that amount so is no needed for e invoice.
*
Nanyang Siang Pau reports that some business representatives believe the current threshold for exemption from electronic invoicing—RM150,000 in annual revenue—is too low.


They are advocating for an increase to RM500,000.


The Deputy Finance Minister, Datuk Seri Amir Hamzah, mentioned that the government understands small vendors, such as street vendors or home-based businesses, need time to adapt to the electronic invoicing system, hence


*******the exemption for those with annual revenue less than RM150,000. *************

Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) treasurer-general Koong Lin Loong, 孔令龍

believes the RM150,000 threshold is too low and that there should be a better system in place to accommodate businesses.

Similarly, the President of the Malaysian Vegetable Association, Li Jiaxuan, predicts that the RM150,000 threshold will affect more than 80% of vegetable vendors.


RM150,000 divided by 12 equals RM12,500 per month.

Revenue not profit......

Many SME will be kena this electronic invoicing system

This post has been edited by plouffle0789: Jul 25 2024, 01:33 PM
Marcion
post Jul 25 2024, 10:18 AM

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QUOTE(plouffle0789 @ Jul 25 2024, 10:26 AM)
Nanyang Siang Pau reports that some business representatives believe the current threshold for exemption from electronic invoicing—RM150,000 in annual revenue—is too low.
They are advocating for an increase to RM500,000.
The Deputy Finance Minister, Datuk Seri Amir Hamzah, mentioned that the government understands small vendors, such as street vendors or home-based businesses, need time to adapt to the electronic invoicing system, hence
*******the exemption for those with annual revenue less than RM150,000. *************

Datuk Koh Leng Long from the Malaysian Chinese Association believes the RM150,000 threshold is too low and that there should be a better system in place to accommodate businesses.

Similarly, the President of the Malaysian Vegetable Association, Li Jiaxuan, predicts that the RM150,000 threshold will affect more than 80% of vegetable vendors.
RM150,000 divided by 12 equals RM12,500 per month.

Revenue not profit......

Many SME will be kena this electronic invoicing system
*
For some sme might not even reach the target for e invoice
TSplouffle0789
post Jul 25 2024, 12:35 PM

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QUOTE(Marcion @ Jul 25 2024, 10:18 AM)
For some sme might not even reach the target for e invoice
*
depends the size of the SME....

Last time GST era,threshold is RM 500,000



Now just RM 150,000


The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM)

request government change to RM 500,000

This post has been edited by plouffle0789: Jul 25 2024, 12:40 PM
Seawater
post Jul 25 2024, 01:05 PM

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QUOTE(plouffle0789 @ Jul 25 2024, 09:26 AM)
Nanyang Siang Pau reports that some business representatives believe the current threshold for exemption from electronic invoicing—RM150,000 in annual revenue—is too low.
They are advocating for an increase to RM500,000.
The Deputy Finance Minister, Datuk Seri Amir Hamzah, mentioned that the government understands small vendors, such as street vendors or home-based businesses, need time to adapt to the electronic invoicing system, hence
*******the exemption for those with annual revenue less than RM150,000. *************

Datuk KOONG, Lin Loong 孔令龍 from the Malaysian Chinese Association believes the RM150,000 threshold is too low and that there should be a better system in place to accommodate businesses.

Similarly, the President of the Malaysian Vegetable Association, Li Jiaxuan, predicts that the RM150,000 threshold will affect more than 80% of vegetable vendors.
RM150,000 divided by 12 equals RM12,500 per month.

Revenue not profit......

Many SME will be kena this electronic invoicing system
*
Be careful of what you wish for. Later the business buys from other sme which are exempted from einvoice, and LHDN does not recognize those amounts as business expenses because they don't have these amount in their records, and the business will have to pay more taxes.

The ultimate aim of einvoice are to counter check b2b transactions and if einvoices are not issued, means expenses do not exist.😱
TSplouffle0789
post Aug 4 2024, 10:44 PM

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QUOTE(Seawater @ Jul 25 2024, 01:05 PM)
Be careful of what you wish for. Later the business buys from other sme which are exempted from einvoice, and LHDN does not recognize those amounts as business expenses because they don't have these amount in their records, and the business will have to pay more taxes.

The ultimate aim of einvoice are to counter check b2b transactions and if einvoices are not issued, means expenses do not exist.😱
*
. E-Invoicing

If you require an e-Invoice to be issued to you for your transactions with us (where applicable),
kindly print and complete the attached e-Invoice Registration Form, sign in wet ink and email
a scanned copy of the completed form to us at datamgmt.my@cgsi.com, along with the necessary supporting documents by 7 August 2024 for our processing.

In the event that we do not receive the completed e-Invoice Registration Form by 7 August 2024,
we will deem that you do not require e-Invoices to be issued and you will continue to receive our contract notes and monthly statements in accordance to CGS MY's existing policies and procedures


Why Cgs securities so crazy one?


After 7 august 2024 cannot receive anymore?

This post has been edited by plouffle0789: Aug 7 2024, 06:16 PM
spacelion
post Aug 4 2024, 10:47 PM

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This impact 90% is bumi businesses

Most nons business already declare tax properly one

Is to catch all those asshole who open roadside stall cari rezeki but didn't pay tax


jonthebaptist
post Aug 4 2024, 10:51 PM

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Wtf is this now? Why life so complicated
jonthebaptist
post Aug 4 2024, 10:55 PM

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Handsome

user posted image
TSplouffle0789
post Aug 7 2024, 06:15 PM

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QUOTE(jonthebaptist @ Aug 4 2024, 10:51 PM)
Wtf is this now? Why life so complicated
*
1. E-Invoicing

If you require an e-Invoice to be issued to you for your transactions with us (where applicable),
kindly print and complete the attached e-Invoice Registration Form, sign in wet ink and email
a scanned copy of the completed form to us at datamgmt.my@cgsi.com, along with the necessary supporting documents by 7 August 2024 for our processing.

In the event that we do not receive the completed e-Invoice Registration Form by 7 August 2024,
we will deem that you do not require e-Invoices to be issued and you will continue to receive our contract notes and monthly statements in accordance to CGS MY's existing policies and procedures.



Today cgs securities deadline.....
bret7
post Aug 8 2024, 02:26 PM

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QUOTE(plouffle0789 @ Aug 7 2024, 06:15 PM)
1. E-Invoicing

If you require an e-Invoice to be issued to you for your transactions with us (where applicable),
kindly print and complete the attached e-Invoice Registration Form, sign in wet ink and email
a scanned copy of the completed form to us at datamgmt.my@cgsi.com, along with the necessary supporting documents by 7 August 2024 for our processing.

In the event that we do not receive the completed e-Invoice Registration Form by 7 August 2024,
we will deem that you do not require e-Invoices to be issued and you will continue to receive our contract notes and monthly statements in accordance to CGS MY's existing policies and procedures.
Today cgs securities deadline.....
*
I'm also trying to understand this ...
As a non-corporate consumer/buyer, does all my share purchases and sales need to go through the e-invoicing system?


Seawater
post Aug 8 2024, 02:51 PM

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QUOTE(bret7 @ Aug 8 2024, 02:26 PM)
I'm also trying to understand this ...
As a non-corporate consumer/buyer, does all my share purchases and sales need to go through the e-invoicing system?
*
LHDN expects two benefits from einvoices. Proof of a company reported income and proof of expenses claims. Since all your share market activities contribute brokerage income to the brokers, therefore all transactions are reported as einvoices. The choice for you is whether you want your purchases and sales to be reported under your name, or to be reported anonymously. If you need to claim the paid brokerage as your expenses in tax return, then you should make sure einvoices are under your name. If not, don't really need to bother.

TSplouffle0789
post Aug 13 2024, 01:52 PM

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QUOTE(Seawater @ Aug 8 2024, 02:51 PM)
LHDN expects two benefits from einvoices. Proof of a company reported income and proof of expenses claims. Since all your share market activities contribute brokerage income to the brokers, therefore all transactions are reported as einvoices. The choice for you is whether you want your purchases and sales to be reported under your name, or to be reported anonymously. If you need to claim the paid brokerage as your expenses in tax return, then you should make sure einvoices are under your name. If not, don't really need to bother.
*
Government said now 3500 companies start use einvoice.


https://www.rwgenting.com/einvoice

user posted image



Why no qr code?

This post has been edited by plouffle0789: Aug 13 2024, 01:55 PM
Seawater
post Aug 13 2024, 03:41 PM

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QUOTE(plouffle0789 @ Aug 13 2024, 01:52 PM)
Government said now 3500 companies start use einvoice.
https://www.rwgenting.com/einvoice

user posted image
Why no qr code?
*
Fake one lor since you does not have the QR code to verify LHDN did indeed receive it🤭
TSplouffle0789
post Aug 13 2024, 04:09 PM

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QUOTE(Seawater @ Aug 13 2024, 03:41 PM)
Fake one lor since you does not have the QR code to verify LHDN did indeed receive it🤭
*
Genting official website wor
pakmulau
post Aug 13 2024, 08:33 PM

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QUOTE(h@ksam @ Jun 20 2024, 10:18 PM)
jual ramly burger, key in tax invoice

1 x roti
1 x beef patty
1 x cheese
tambah sos cili
kurang mayo
tambah bawang
tak mau sayur
kurang sos magg-

"woi bang, bila nak siap bayar ni, burger pon dah sejuk"
*
kau jual burger ke jual roti

tak kan penjual komputer kena split semua parts

lain la customer datang beli parts
TSplouffle0789
post Aug 26 2024, 09:46 PM

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QUOTE(Seawater @ Aug 13 2024, 03:41 PM)
Fake one lor since you does not have the QR code to verify LHDN did indeed receive it🤭
*
user posted image



KFC e-invoice.....


Is it every shop QR code must wait next day 10am only can be scan and enter consumers's details into LHDN system?
TSplouffle0789
post Aug 27 2024, 03:11 AM

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QUOTE(kelvinng92 @ Jun 21 2024, 08:15 AM)
There will be a web portal for it, can also integrate their SDK to own software for developer
*
I notice KFC start issue e-invoice.......


So other fast food restaurant also?



TSplouffle0789
post Aug 27 2024, 03:17 AM

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QUOTE(spacelion @ Aug 4 2024, 10:47 PM)
This impact 90% is bumi businesses

Most nons business already declare tax properly one

Is to catch all those asshole who open roadside stall cari rezeki but didn't pay tax
*
KUALA LUMPUR: Micro, small and medium enterprises (MSMEs) that are earning less than RM150,000 annually are not required to issue e-invoices, says Finance Minister II Datuk Seri Amir Hamzah Azizan (pic).

“For now, traders with annual sales below RM150,000 are not required to issue e-invoices.






Monthly sales below RM 12,500 per month are not required to issue e-invoices.............. .......


:3mushy:3
post Aug 27 2024, 06:15 AM

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Just because using GST is such a taboo, comes all this nonsense. I don't blame the government solely, but also the group of Malaysians thst compelled the government for being this fucktard.
jlkh760830
post Aug 27 2024, 07:07 AM

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QUOTE(plouffle0789 @ Aug 27 2024, 03:17 AM)
KUALA LUMPUR: Micro, small and medium enterprises (MSMEs) that are earning less than RM150,000 annually are not required to issue e-invoices, says Finance Minister II Datuk Seri Amir Hamzah Azizan (pic).

“For now, traders with annual sales below RM150,000 are not required to issue e-invoices.
Monthly sales below RM 12,500 per month are not required to issue e-invoices.............. .......
*
Yes, annual sale below RM 150k don't need to issue E-Invoice,
However small traders and road side store still need to provide Consolidates Invoice to LHDN every end month.

Tetap kena bayar cukai even small business or trader roadside stores.
Only different is, this small traders doesn't need to issue E-Invoice upon request by customer.

Padahal LHDN won't miss out any chances to collect tax...

This post has been edited by jlkh760830: Aug 27 2024, 07:25 AM
TSplouffle0789
post Aug 27 2024, 11:07 AM

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QUOTE(jlkh760830 @ Aug 27 2024, 07:07 AM)
Yes, annual sale below RM 150k don't need to issue E-Invoice,
However small traders and road side store still need to provide Consolidates Invoice to LHDN every end month.

Tetap kena bayar cukai even small business or trader roadside stores.
Only different is, this small traders doesn't need to issue E-Invoice upon request by customer.

Padahal LHDN won't miss out any chances to collect tax...
*
So all stalls need to buy pc or laptop?
Seawater
post Aug 27 2024, 11:12 AM

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QUOTE(plouffle0789 @ Aug 26 2024, 09:46 PM)
user posted image
KFC e-invoice.....
Is it every shop QR code must wait next day 10am only can be scan and enter consumers's details into LHDN system?
*
The timing is up to each company own technical capabilities lah. The only guideline related to this is all consolidated reporting needs to be submitted within seven days after month end.
TSplouffle0789
post Aug 27 2024, 11:14 AM

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QUOTE(Seawater @ Aug 27 2024, 11:12 AM)
The timing is up to each company own technical capabilities lah. The only guideline related to this is all consolidated reporting needs to be submitted within seven days after month end.
*
Do you know which software is cheapest now?

This post has been edited by plouffle0789: Aug 27 2024, 11:15 AM
Seawater
post Aug 27 2024, 11:15 AM

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QUOTE(plouffle0789 @ Aug 27 2024, 03:11 AM)
I notice KFC start issue e-invoice.......
So other fast food restaurant also?
*
Pretty sure all fast food chain will need to do something similar to meet the regulatory requirements. Those which have not done it is probably due to the 6 months special grace periods that can be used to buy more time
Seawater
post Aug 27 2024, 11:17 AM

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QUOTE(plouffle0789 @ Aug 27 2024, 11:14 AM)
Do you know which software is cheapest now?
*
Cheapest software is LHDN free website. Others no idea.
TSplouffle0789
post Aug 27 2024, 11:19 AM

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QUOTE(Seawater @ Aug 27 2024, 11:17 AM)
Cheapest software is LHDN free website. Others no idea.
*
No issue to use?

I worried it down or become 404 when we want to use it...

So plan to use those Deloitte / EY / KPMG / PwC software.......
TSplouffle0789
post Aug 27 2024, 11:20 AM

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QUOTE(Iceman74 @ Jul 11 2024, 02:08 PM)
no eye see lor
can included UBS also but me just watch from sideline

all i know is IRB keep changing goalpost last minute, developer need to race to complete it but as time short, testing become hard when there is no fixed answer.
majority information should be all ok now, only the under special industry need to keep update.
anyway, only going live then we see how the LHDN server react to sudden surge of data comparing now beta testing among developers 
If you ask me, i will go with local software, those international/regional software may not up to task to upgrade to current changes fast. Only buy those software if you big and have oversea companies.
Those software support charges will be higher comparing with local since RM are shit in exchange.
example yearly RM500 is around USD100 only for those overseas software, do you think they will give 1st class support for you since the Malaysia EPU are low comparing with SG.
We are the side dishes only in their eyes laugh.gif
*
Hi bro,may I know which software your company use now?
jlkh760830
post Aug 27 2024, 02:07 PM

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QUOTE(plouffle0789 @ Aug 27 2024, 11:07 AM)
So all stalls need to buy pc or laptop?
*
Tak perlu,
Lhdn will provide an app easier for small stall to submit Consolidated Invoice
TSplouffle0789
post Aug 27 2024, 02:52 PM

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QUOTE(jlkh760830 @ Aug 27 2024, 02:07 PM)
Tak perlu,
Lhdn will provide an app easier for small stall to submit Consolidated Invoice
*
Any official annoucement?


but sinchew have news,..


less than RM12,500 PER MONTH NO NEED SUBMIT
jlkh760830
post Aug 27 2024, 05:26 PM

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QUOTE(plouffle0789 @ Aug 27 2024, 02:52 PM)
Any official annoucement?
but sinchew have news,..
less than RM12,500 PER MONTH NO NEED SUBMIT
*

kelvinng92
post Aug 28 2024, 09:34 AM

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QUOTE(plouffle0789 @ Aug 27 2024, 03:11 AM)
I notice KFC start issue e-invoice.......
So other fast food restaurant also?
*
those supermarket like NSK and hero market already start issuing e-invoice as well.

basically i think any company that earn more than RM100 million annually (based on year 2022) already implement e-invoice. Also note that it based on revenue in year 2022 and any company can opt-in or implement e-invoice early despite didn't earn that figure annually.

follow the timeline https://www.hasil.gov.my/en/e-invoice/e-inv...ation-timeline/

Phase 1 - RM100 million annually - require e invoice after 1 August 2024
Phase 2 - between RM 25 million and RM100 million annually - require e invoice after 1 January 2025
Phase 3 - All - require e invoice after 1 July 2025

This post has been edited by kelvinng92: Aug 28 2024, 09:48 AM
TSplouffle0789
post Aug 28 2024, 12:09 PM

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QUOTE(kelvinng92 @ Aug 28 2024, 09:34 AM)
those supermarket like NSK and hero market already start issuing e-invoice as well.

basically i think any company that earn more than RM100 million annually (based on year 2022) already implement e-invoice. Also note that it based on revenue in year 2022 and any company can opt-in or implement e-invoice early despite didn't earn that figure annually.

follow the timeline https://www.hasil.gov.my/en/e-invoice/e-inv...ation-timeline/

Phase 1 - RM100 million annually - require e invoice after 1 August 2024
Phase 2 - between RM 25 million and RM100 million annually - require e invoice after 1 January 2025
Phase 3 - All - require e invoice after 1 July 2025
*
how about 7-11 and petrol station?
Natsukashii
post Aug 28 2024, 12:23 PM

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QUOTE(plouffle0789 @ Aug 27 2024, 11:07 AM)
So all stalls need to buy pc or laptop?
*
Most stalls say "no untung" "low sales" anyway.. keep cash in bank or home or spend.

Can lari from cukai. That's best part of doing food stall business

You go hardware shop buy wires RM1 also you can get resit. Some kedai runcit also willing to give resit if asked.

You go stall breakfast or lunch RM2-RM10, you ask resit also don't have resit one

This is the problem I believe LHDN should go after, but they bring e-inv system only gonna apply to those already tax payers

Loss of tax collection is coming mostly from people/business that's totally not paying any tax at all. LHDN should come up with system to go after those kind of business.

This post has been edited by Natsukashii: Aug 28 2024, 12:24 PM
Seawater
post Aug 28 2024, 12:43 PM

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QUOTE(Natsukashii @ Aug 28 2024, 12:23 PM)
Most stalls say "no untung" "low sales" anyway.. keep cash in bank or home or spend.

Can lari from cukai. That's best part of doing food stall business

You go hardware shop buy wires RM1 also you can get resit. Some kedai runcit also willing to give resit if asked.

You go stall breakfast or lunch RM2-RM10, you ask resit also don't have resit one

This is the problem I believe LHDN should go after, but they bring e-inv system only gonna apply to those already tax payers

Loss of tax collection is coming mostly from people/business that's totally not paying any tax at all. LHDN should come up with system to go after those kind of business.
*
The tax payers will issue einvoices to those people lari tax. So eventually LHDN can check which businesses are buying a lot but never report tax and ask them to go minum kopi.

TSplouffle0789
post Aug 28 2024, 12:47 PM

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QUOTE(Seawater @ Aug 28 2024, 12:43 PM)
The tax payers will issue einvoices to those people lari tax. So eventually LHDN can check which businesses are buying a lot but never report tax and ask them to go minum kopi.
*
Do stores like Lotus's , Econsave, AEON, Giant, Jaya Grocer , Village Grocer, Cold Storage, MASLEE, MYDIN, THE STORE, AEON BIG, KK MART, 99 SPEEDMART, TF VALUE MART, and NSK request the consumer's LHDN ID if they buy a large quantity of cooking oil, flour, rice, meat, or vegetables?


[ If a consumer opens a nasi lemak stall, they will need to buy a lot of ingredients. ]

This post has been edited by plouffle0789: Aug 28 2024, 12:50 PM
Prometric
post Aug 28 2024, 12:52 PM

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Next GE change gov this system will be swept under the carpet
TSplouffle0789
post Aug 28 2024, 12:55 PM

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QUOTE(Prometric @ Aug 28 2024, 12:52 PM)
Next GE change gov this system will be swept under the carpet
*
why you think so?


many illegal economies that avoid tax will be captured by this e-invoice
gaeria84
post Aug 28 2024, 01:01 PM

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QUOTE(plouffle0789 @ Aug 28 2024, 12:55 PM)
why you think so?
many illegal economies that avoid tax will be captured by this e-invoice
*
GST better and doesn't cause compounding effect

This post has been edited by gaeria84: Aug 28 2024, 01:02 PM
Seawater
post Aug 28 2024, 01:04 PM

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QUOTE(plouffle0789 @ Aug 28 2024, 12:47 PM)
Do stores like Lotus's , Econsave, AEON, Giant, Jaya Grocer , Village Grocer, Cold Storage, MASLEE, MYDIN, THE STORE, AEON BIG, KK MART, 99 SPEEDMART, TF VALUE MART, and NSK request the consumer's LHDN ID if they buy a large quantity of cooking oil, flour, rice, meat, or vegetables?
[ If a consumer opens a nasi lemak stall, they will need to buy a lot of ingredients. ]
*
Retail stores will not ask a person to prove running a business and will not ask for tin proactively. If a business can source it's purchase purely via retail chain stores alone then they can continue to under report and lari tax. But the limitations have make it tougher to do so.

Not to mention LHDN can always change rule to close various loopholes if they want to. Such as the 150k exemption now.
Seawater
post Aug 28 2024, 01:06 PM

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QUOTE(gaeria84 @ Aug 28 2024, 01:01 PM)
GST better and doesn't cause compounding effect
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As long as moomoo and Hadi don't dare to publicly announce their aim is to cancel einvoices, then it won't happen.
ze2
post Aug 28 2024, 01:10 PM

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QUOTE(Hardcore Leveling Warrior @ Jun 20 2024, 10:06 PM)
just re-implement GST la. no need to malu.
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This
gaeria84
post Aug 28 2024, 01:16 PM

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QUOTE(Seawater @ Aug 28 2024, 01:06 PM)
As long as moomoo and Hadi don't dare to publicly announce their aim is to cancel einvoices, then it won't happen.
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Past week the restaurant i usually go to now start charging sst on top of food price, before this never

Food now 6% more expensive on top of whatever price hike caused by sst on every level of the chain

Sakit mang


Seawater
post Aug 28 2024, 01:18 PM

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QUOTE(gaeria84 @ Aug 28 2024, 01:16 PM)
Past week the restaurant i usually go to now start charging sst on top of food price, before this never

Food now 6% more expensive on top of whatever price hike caused by sst on every level of the chain

Sakit mang
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Set where got at every level. It is at importer and manufacturer level only. And restaurant lah.
gaeria84
post Aug 28 2024, 01:18 PM

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QUOTE(Seawater @ Aug 28 2024, 01:18 PM)
Set where got at every level. It is at importer and manufacturer level only. And restaurant lah.
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So essentially paying 3 x sst la bruce.gif

This post has been edited by gaeria84: Aug 28 2024, 01:19 PM
Seawater
post Aug 28 2024, 01:21 PM

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QUOTE(gaeria84 @ Aug 28 2024, 01:18 PM)
So essentially paying 3 x sst la  bruce.gif
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If you eat salmon fish ball then really need to pay 3x. Import salmon one time. Manufacturer convert to fish ball second time. Then restaurant third time
TSplouffle0789
post Aug 28 2024, 01:44 PM

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QUOTE(gaeria84 @ Aug 28 2024, 01:01 PM)
GST better and doesn't cause compounding effect
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e-invoice no add extra tax....


kelvinng92
post Aug 28 2024, 01:58 PM

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QUOTE(plouffle0789 @ Aug 28 2024, 12:09 PM)
how about 7-11 and petrol station?
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seldom go 7-11 and I usually don't take petrol receipt, but if they are reach that revenue, I believe they should have it already?


QUOTE(plouffle0789 @ Aug 28 2024, 12:47 PM)
Do stores like Lotus's , Econsave, AEON, Giant, Jaya Grocer , Village Grocer, Cold Storage, MASLEE, MYDIN, THE STORE, AEON BIG, KK MART, 99 SPEEDMART, TF VALUE MART, and NSK request the consumer's LHDN ID if they buy a large quantity of cooking oil, flour, rice, meat, or vegetables?
[ If a consumer opens a nasi lemak stall, they will need to buy a lot of ingredients. ]
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For B2C, the business can issue standard/paper receipt or e-invoice if requested by customer (usually they place in the paper receipt with an e-invoice QR or url), after access that link you will need to fill in a form with tax ID, IC, personal/company name, address, invoice no., receipt amount, etc

This post has been edited by kelvinng92: Aug 28 2024, 02:00 PM
Natsukashii
post Aug 28 2024, 02:05 PM

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QUOTE(Seawater @ Aug 28 2024, 12:43 PM)
The tax payers will issue einvoices to those people lari tax. So eventually LHDN can check which businesses are buying a lot but never report tax and ask them to go minum kopi.
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QUOTE(plouffle0789 @ Aug 28 2024, 12:47 PM)
Do stores like Lotus's , Econsave, AEON, Giant, Jaya Grocer , Village Grocer, Cold Storage, MASLEE, MYDIN, THE STORE, AEON BIG, KK MART, 99 SPEEDMART, TF VALUE MART, and NSK request the consumer's LHDN ID if they buy a large quantity of cooking oil, flour, rice, meat, or vegetables?
[ If a consumer opens a nasi lemak stall, they will need to buy a lot of ingredients. ]
*
Buy a lot for ingredients for nasi lemak will come under expenses..

But sales, report low quantity..

I think LHDN don't take duit kopi much, usually polis biggrin.gif





TSplouffle0789
post Aug 28 2024, 02:12 PM

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QUOTE(Natsukashii @ Aug 28 2024, 02:05 PM)
Buy a lot for ingredients for nasi lemak will come under expenses..

But sales, report low quantity..

I think LHDN don't take duit kopi much, usually polis  biggrin.gif
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If sales are low and expenses are high, it will result in a loss for the business.



Then, the LHDN will question why the business continues to operate despite losing money day by day?
Natsukashii
post Aug 28 2024, 02:15 PM

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QUOTE(plouffle0789 @ Aug 28 2024, 02:12 PM)
If sales are low and expenses are high, it will result in a loss for the business.
Then, the LHDN will question why the business continues to operate despite losing money day by day?
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Kita niaga cukup cukup makan je, jgn kacau kita


TSplouffle0789
post Aug 28 2024, 06:31 PM

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QUOTE(kelvinng92 @ Aug 28 2024, 01:58 PM)
seldom go 7-11 and I usually don't take petrol receipt, but if they are reach that revenue, I believe they should have it already?
For B2C, the business can issue standard/paper receipt or e-invoice if requested by customer (usually they place in the paper receipt with an e-invoice QR or url), after access that link you will need to fill in a form with tax ID, IC, personal/company name, address, invoice no., receipt amount, etc
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user posted image



Domino's Pizza malaysia do not start e-invoice...

So slow......
zhou.xingxing
post Aug 28 2024, 06:35 PM

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QUOTE(plouffle0789 @ Aug 28 2024, 01:44 PM)
e-invoice no add extra tax....
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deswai education system fail lo... einvoice replaces the traditional hardcopy invoice... but you read the comments all ask to bring gst back... gst will come back once einvoice stabilise biggrin.gif
TSplouffle0789
post Aug 28 2024, 07:32 PM

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QUOTE(zhou.xingxing @ Aug 28 2024, 06:35 PM)
deswai education system fail lo... einvoice replaces the traditional hardcopy invoice... but you read the comments all ask to bring gst back... gst will come back once einvoice stabilise  biggrin.gif
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Because later all business cannot said excuse?
TSplouffle0789
post Aug 31 2024, 12:25 PM

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QUOTE(gaeria84 @ Aug 28 2024, 01:01 PM)
GST better and doesn't cause compounding effect
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https://www.imda.gov.sg/how-we-can-help/nat...work/invoicenow


Sg also start e invoice?
TSplouffle0789
post Sep 12 2024, 03:40 PM

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QUOTE(zhou.xingxing @ Aug 28 2024, 06:35 PM)
deswai education system fail lo... einvoice replaces the traditional hardcopy invoice... but you read the comments all ask to bring gst back... gst will come back once einvoice stabilise  biggrin.gif
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https://www.ey.com/en_my/tax-alerts/the-inl...s-on-e-invoices




e-Invoice Specific Guideline (Version 1.0)
The e-Invoice Specific Guideline provides further guidance on the issuance of e-Invoices relating to the following area:

1. Transactions with buyers

The IRB recognises that certain buyers, particularly end consumers, may not require an e-Invoice as proof of expense.

As such, the e-Invoice Specific Guideline provides an overview of the e-Invoice process flow for the following two scenarios:

Scenario 1: Where the buyer requires an e-Invoice

The normal e-Invoice process flow shall apply (Please see Take 5: e-Invoice Guideline: Navigating the future of tax digitalization for further information).

In order to ease the burden of individual buyers in providing both their Tax Identification Number (TIN) and identification number details, the IRB has provided the following concession to individual buyers:

Malaysian individuals have the option to provide:

TIN only;

MyKad identification number only;

or


Both the TIN and MyKad identification number.

Non-Malaysian individuals have the option to provide:

TIN only; or

Both the TIN and passport number.


The e-Invoice Specific Guideline also specifically provides that the consolidation of e-Invoices is not allowed for the following activities/transactions:

1) Sale of any motor vehicles;

2) Sale of flight tickets;

3)Private charters of aircraft;

4) Activities relating to luxury goods and jewellery (Further details will be released by the IRB;

5) Construction contractors undertaking construction contracts, as defined in the Income Tax (Construction Contracts) Regulations 2007;


6) Sale of construction materials by wholesalers and retailers of construction materials, regardless of the volume sold;

7) Payout to winners for all betting and gaming activities in the licensed betting and gaming industry;

and

8) Payments made to agents, dealers or distributors as defined under Section 83A(4) of the Income Tax Act 1967 (ITA).



Why are the payouts from winning gambling activities also listed in the e-Invoice guidelines?


Our winnings from 3D, 4D, 5D, 6D, lotto, Big Sweep, casino, and horse betting are all not subject to tax, right?




government deducts tax from every RM1 bet........

This post has been edited by plouffle0789: Sep 12 2024, 03:46 PM
TSplouffle0789
post Oct 1 2024, 02:13 AM

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QUOTE(Iceman74 @ Jul 11 2024, 02:08 PM)
no eye see lor
can included UBS also but me just watch from sideline

all i know is IRB keep changing goalpost last minute, developer need to race to complete it but as time short, testing become hard when there is no fixed answer.
majority information should be all ok now, only the under special industry need to keep update.
anyway, only going live then we see how the LHDN server react to sudden surge of data comparing now beta testing among developers 
If you ask me, i will go with local software, those international/regional software may not up to task to upgrade to current changes fast. Only buy those software if you big and have oversea companies.
Those software support charges will be higher comparing with local since RM are shit in exchange.
example yearly RM500 is around USD100 only for those overseas software, do you think they will give 1st class support for you since the Malaysia EPU are low comparing with SG.
We are the side dishes only in their eyes laugh.gif
*
The 2025 Budget will be tabled in Parliament on Friday, 18 October 2024.

Currently, traders with annual sales below RM150,000 are not required to issue e-invoices.



There are many rumors suggesting that in the upcoming budget, the threshold for e-invoicing will be raised to RM 500,000 in annual sales.


Do you hear the rumors?



fongsk26
post Oct 1 2024, 07:20 AM

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QUOTE(plouffle0789 @ Oct 1 2024, 02:13 AM)
The 2025 Budget will be tabled in Parliament on Friday, 18 October 2024.

Currently, traders with annual sales below RM150,000 are not required to issue e-invoices.
There are many rumors suggesting that in the upcoming budget, the threshold for e-invoicing will be raised to RM 500,000 in annual sales.
Do you hear the rumors?
*
If this is implemented, then the effectiveness of e-inv defeats one of its purposes. Those who does not have LHDN files but earns more will not be taxed or investigated, I think.
Iceman74
post Oct 1 2024, 10:20 AM

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Actually RM150k turnover is too low. If let say only boss do the sales, gross profit margin is 50%(which i think very high), then less other expenses 20%

He only profit around 45k.. less than 4k per month. He even not taxable at this income, why burden him extra work

If he was force to do E-Inv either by buying a software and do on his own or hire ppl do, he where got time or money to do it?

IMO RM500k a bit too high lar but me not complaining if true laugh.gif

sweet spot is around 250k~300k & above for trading company.
If servicing or consultancy company, then can be lower since normally profit are much higher


rumor about this already heard quite long time since they announced only 150k limit, we already tot is too low to begin with but still got time to fine tune it

QUOTE(fongsk26 @ Oct 1 2024, 07:20 AM)
If this is implemented, then the effectiveness of e-inv defeats one of its purposes.  Those who does not have LHDN files but earns more will not be taxed or investigated, I think.
*
what you said is right but there is too much "noise" from stakeholders.
They kena hamtam daily from the voters especially businessmen when hitting on "their wallet" plus no loopholes to cari jalan out whistling.gif

This post has been edited by Iceman74: Oct 1 2024, 10:24 AM
TSplouffle0789
post Oct 1 2024, 06:59 PM

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QUOTE(Iceman74 @ Oct 1 2024, 10:20 AM)
Actually RM150k turnover is too low. If let say only boss do the sales, gross profit margin is 50%(which i think very high), then less other expenses 20%

He only profit around 45k.. less than 4k per month. He even not taxable at this income, why burden him extra work

If he was force to do E-Inv either by buying a software and do on his own or hire ppl do, he where got time or money to do it?

IMO RM500k a bit too high lar but me not complaining if true  laugh.gif

sweet spot is around 250k~300k & above for trading company.
If servicing or consultancy company, then can be lower since normally profit are much higher
rumor about this already heard quite long time since they announced only 150k limit, we already tot is too low to begin with but still got time to fine tune it
what you said is right but there is too much "noise" from stakeholders.
They kena hamtam daily from the voters especially businessmen when hitting on "their wallet" plus no loopholes to cari jalan out  whistling.gif
*
My friend is an accountant.

She said she heard from someone in the industry that the Budget 2025 will announce the threshold increased to 500K.

She asked me not to register for the e-invoice yet and to wait for the announcement first.

This post has been edited by plouffle0789: Oct 1 2024, 07:00 PM
TSplouffle0789
post Oct 1 2024, 07:01 PM

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QUOTE(fongsk26 @ Oct 1 2024, 07:20 AM)
If this is implemented, then the effectiveness of e-inv defeats one of its purposes.  Those who does not have LHDN files but earns more will not be taxed or investigated, I think.
*
My friend is an accountant.

She said she heard from someone in the industry that the Budget 2025 will announce the threshold increased to 500K.

She asked me not to register for the e-invoice yet and to wait for the announcement first.

Iceman74
post Oct 1 2024, 07:09 PM

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QUOTE(plouffle0789 @ Oct 1 2024, 06:59 PM)
My friend is an accountant.

She said she heard from someone in the industry that the Budget 2025 will announce the threshold increased to 500K.

She asked me not to register for the e-invoice yet and to wait for the announcement first.
*
No need friend or anything.. it already open secret in FB lar now.

Just wait for budget details and see. Should be a lot things happening in this budget.
Get ready if give u good stuff, sure get back others thru others stuff to balance out.

It all depending u in which category. Already hinted many thing by PMX.
Those T20 sure not going to like it. As usual, M40 will be squeezed in between.
nottherealme
post Oct 1 2024, 07:13 PM

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QUOTE(plouffle0789 @ Oct 1 2024, 07:01 PM)
My friend is an accountant.

She said she heard from someone in the industry that the Budget 2025 will announce the threshold increased to 500K.

She asked me not to register for the e-invoice yet and to wait for the announcement first.
*
It’s all over social media. Your friend can be a housewife also can find out about this rumors. Your insider news is absolute thrash. Hahahaha
fongsk26
post Oct 1 2024, 08:01 PM

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QUOTE(nottherealme @ Oct 1 2024, 07:13 PM)
It’s all over social media. Your friend can be a housewife also can find out about this rumors. Your insider news is absolute thrash. Hahahaha
*
He is giving information nicely. Why do you have to hentam him/her like this?
fongsk26
post Oct 1 2024, 08:03 PM

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QUOTE(Iceman74 @ Oct 1 2024, 10:20 AM)
Actually RM150k turnover is too low. If let say only boss do the sales, gross profit margin is 50%(which i think very high), then less other expenses 20%

He only profit around 45k.. less than 4k per month. He even not taxable at this income, why burden him extra work

If he was force to do E-Inv either by buying a software and do on his own or hire ppl do, he where got time or money to do it?

IMO RM500k a bit too high lar but me not complaining if true  laugh.gif

sweet spot is around 250k~300k & above for trading company.
If servicing or consultancy company, then can be lower since normally profit are much higher
rumor about this already heard quite long time since they announced only 150k limit, we already tot is too low to begin with but still got time to fine tune it
what you said is right but there is too much "noise" from stakeholders.
They kena hamtam daily from the voters especially businessmen when hitting on "their wallet" plus no loopholes to cari jalan out  whistling.gif
*
That’s the point of e-invoice, isn’t it? To go after those who ‘abuse’ the current sst system and double invoicing/claims….
Iceman74
post Oct 1 2024, 10:21 PM

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QUOTE(fongsk26 @ Oct 1 2024, 08:03 PM)
That’s the point of e-invoice, isn’t it?  To go after those who ‘abuse’ the current sst system and double invoicing/claims….
*
In theory, everything is picture perfect if executed 100% as per 1st E-Inv publication.
Anyway, politicians need voters. They can only push and force through certain pressure until not to break the camel back.

LHDN of cos want every loophole closed or attempt close it cos it is their job.

Anyway, E-Inv is only a big piece of puzzle of the bigger picture.
There is at least 1 more big piece to almost complete the puzzle.
Let see current gov can or dare push it thru or wait until after next GE
TSplouffle0789
post Oct 1 2024, 10:26 PM

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QUOTE(Iceman74 @ Oct 1 2024, 10:21 PM)
In theory, everything is picture perfect if executed 100% as per 1st E-Inv publication.
Anyway, politicians need voters. They can only push and force through certain pressure until not to break the camel back.

LHDN of cos want every loophole closed or attempt close it cos it is their job.

Anyway, E-Inv is only a big piece of puzzle of the bigger picture.
There is at least 1 more big piece to almost complete the puzzle.
Let see current gov can or dare push it thru or wait until after next GE
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Are you refer to recalibration of RON95 PETROL subsidies OR goods and services tax (GST) reintroduction ?

This post has been edited by plouffle0789: Oct 1 2024, 10:27 PM
Iceman74
post Oct 1 2024, 10:56 PM

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QUOTE(plouffle0789 @ Oct 1 2024, 10:26 PM)
Are you refer to recalibration of RON95 PETROL subsidies OR goods and services tax (GST) reintroduction ?
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Haha… RON95 is subsidy only. Nothing to do with taxation nor affect overall long term projections joining the elite countries group.

GST is small piece of puzzle now and put in cold storage due to the sensitivity politics agenda. It may brought up this issue to test water response overall in the budget but I think E-Inv is the main elephant in the room. It must goes according to the plan, the results will show itself very fast.

All those personal tax relief in 2026 might auto fill in for you in tax submissions for start 😝

TSplouffle0789
post Oct 18 2024, 09:10 PM

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QUOTE(Iceman74 @ Oct 1 2024, 10:56 PM)
Haha… RON95 is subsidy only. Nothing to do with taxation nor affect overall long term projections joining the elite countries group.

GST is small piece of puzzle now and put in cold storage due to the sensitivity politics agenda. It may brought up this issue to test water response overall in the budget but I think E-Inv is the main elephant in the room. It must goes according to the plan, the results will show itself very fast.

All those personal tax relief in 2026 might auto fill in for you in tax submissions for start 😝
*
Not only PR and citizen?

Budget 2025: EPF contributions to be mandatory, including for non-citizens

Friday, 18 Oct 2024

PETALING JAYA: Prime Minister Datuk Seri Anwar Ibrahim says the government plans to make it mandatory for all non-citizen workers to contribute to the Employees Provident Fund (EPF), with this proposal to be implemented in phases.

"The government is committed to providing fair treatment to all workers, regardless of nationality, in line with international standards."






Budget 2025: Targeted RON95 subsidies to be implemented from mid-2025, says Anwar

Budget 2025: SST to be expanded from May 2025

Friday, 18 Oct 2024



Budget 2025: 2% tax on dividend income in excess of RM100,000

Those listed companies top 100 shareholder will kena ......... ......

But never said e invoice threshold increase right?

This post has been edited by plouffle0789: Oct 18 2024, 09:23 PM
TSplouffle0789
post Oct 18 2024, 10:46 PM

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QUOTE(fongsk26 @ Oct 1 2024, 08:03 PM)
That’s the point of e-invoice, isn’t it?  To go after those who ‘abuse’ the current sst system and double invoicing/claims….
*
Gg.com


Budget 2025 only said


Ke arah pelaksanaan e-Invois pada 1 Julai, 2025, kerajaan cadang perbelanjaan beli peralatan ICT, pakej perisian komputer dan fi perundingan diberi elaun modal dipercepat dan dituntut dalam tempoh dua tahun....

But how to claim the money?

How much the money?
fongsk26
post Oct 18 2024, 10:50 PM

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QUOTE(plouffle0789 @ Oct 18 2024, 10:46 PM)
Gg.com
Budget 2025 only said
Ke arah pelaksanaan e-Invois pada 1 Julai, 2025, kerajaan cadang perbelanjaan beli peralatan ICT, pakej perisian komputer dan fi perundingan diberi elaun modal dipercepat dan dituntut dalam tempoh dua tahun....

But how to claim the money?

How much the money?
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Income tax…. Any IT related items or consultancy or software/training for implementation of e-invoice will be given some amount of tax exemption, I suppose. But the issue for e-invoice is not to catch those SME. It is targeted to those grey economy that does not pay taxes…. These guys are not going to invest or get personnel just to e-invoice, I think.
fongsk26
post Oct 18 2024, 10:53 PM

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QUOTE(plouffle0789 @ Oct 18 2024, 09:10 PM)
Not only PR and citizen?

Budget 2025: EPF contributions to be mandatory, including for non-citizens

Friday, 18 Oct 2024

PETALING JAYA: Prime Minister Datuk Seri Anwar Ibrahim says the government plans to make it mandatory for all non-citizen workers to contribute to the Employees Provident Fund (EPF), with this proposal to be implemented in phases.

"The government is committed to providing fair treatment to all workers, regardless of nationality, in line with international standards."
Budget 2025: Targeted RON95 subsidies to be implemented from mid-2025, says Anwar

Budget 2025: SST to be expanded from May 2025

Friday, 18 Oct 2024
Budget 2025: 2% tax on dividend income in excess of RM100,000

Those listed companies top 100 shareholder will kena ......... ......

But never said e invoice threshold increase right?
*
Yes, I am waiting for some financial guy to clarify this. I read in this forum that exemptions for e-invoice is increased from 150k to 500k. I have not read anything about this except that the e-invoice will be implemented as planned.
Singh_Kalan
post Oct 18 2024, 11:39 PM

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QUOTE(Timber @ Jul 11 2024, 10:11 AM)
There is a talk by LHDN on BFM, they explain very clearly. Seek for it on their podcast.

For mini market, they can just submit their daily sales. They should have a POS system, and everyday they can generate their daily sales at the end of the day. If they don't comply, meaning they are trying to evade tax.
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It's not as simple as that.
If only 1 customer need an e-invoice, then you will have to provide the detail e-invoice, on top of the consolidated E-invoice for the rest of invoices. That is much complicated than company that only issue normal e-invoice.

TSplouffle0789
post Oct 19 2024, 12:02 AM

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QUOTE(fongsk26 @ Oct 18 2024, 10:53 PM)
Yes, I am waiting for some financial guy to clarify this.  I read in this forum that exemptions for e-invoice is increased from 150k to 500k.  I have not read anything about this except that the e-invoice will be implemented as planned.
*
Budget 2025 never said will increased to 500k...


fongsk26
post Oct 19 2024, 12:15 AM

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QUOTE(plouffle0789 @ Oct 19 2024, 12:02 AM)
Budget 2025 never said will increased to 500k...
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Yes but someone in this forum said there is a possibility. That’s why I was wondering if this is true.
TSplouffle0789
post Oct 19 2024, 12:26 AM

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QUOTE(fongsk26 @ Oct 19 2024, 12:15 AM)
Yes but someone in this forum said there is a possibility.  That’s why I was wondering if this is true.
*
My accountant said to me...
I am TS...

I do not want to hire this company anymore..

Last time i want to do QR code duitnow,but they seems like do not know this things.....
zoozul
post Oct 19 2024, 12:36 AM

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Ni bangla tak kena. Syukur bangla. Untung semua.
fongsk26
post Oct 19 2024, 07:15 AM

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QUOTE(plouffle0789 @ Oct 19 2024, 12:26 AM)
My accountant said to me...
I am TS...

I do not want to hire this company anymore..

Last time i  want to do QR code duitnow,but they seems like do not know this things.....
*
Thanks for clarifying. I was also looking at this e-invoice stuff as I am the next group of businesses that are affected come 1-Jan. but my case are mostly overseas transaction. What I like to know is how lhdn handles claims for expenses/entertainment by employees. Still need to issue e-invoice to the employee? Last I know is not needed, since’internal transaction’.
TSplouffle0789
post Oct 19 2024, 07:52 AM

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QUOTE(fongsk26 @ Oct 19 2024, 07:15 AM)
Thanks for clarifying.  I was also looking at this e-invoice stuff as I am the next group of businesses  that are affected  come 1-Jan.  but my case are mostly overseas transaction.  What I like to know is how lhdn handles claims for expenses/entertainment by employees.  Still need to issue e-invoice to the employee?  Last I know is not needed, since’internal transaction’.
*
https://www.ticket2u.com.my/event/38718/sql...h5LeySeAgz0Ytuw


You can go seminar to ask them
fongsk26
post Oct 19 2024, 07:59 AM

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QUOTE(plouffle0789 @ Oct 19 2024, 07:52 AM)
Thanks. In JB..there is one organised by KWSP/lhdn on Mon and Tuesday in their Bangi next week. 2 days and listed LHDN and e-invoice. When I look at the itinerary, LHDN did not make any presentation. Maybe they have a booth there to answer queries about e-invoice. Might drop by there to look see look see.
SuperTuhan
post Oct 19 2024, 08:35 AM

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Cannot escape already
So gotta brace for it

My question is that I like to shop online oversea especially taobao China for my company stuff

How to get bill Pulak ??
TSplouffle0789
post Oct 19 2024, 09:35 AM

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QUOTE(fongsk26 @ Oct 19 2024, 07:59 AM)
Thanks.  In JB..there is one organised by KWSP/lhdn on Mon and Tuesday in their Bangi next week.  2 days and listed LHDN and e-invoice.  When I look at the itinerary, LHDN did not make any presentation.  Maybe they have a booth there to answer queries about e-invoice.  Might drop by there to look see look see.
*
KWSP/lhdn on Mon and Tuesday in their Bangi next week

Can you share the details?

I want to join...

fongsk26
post Oct 19 2024, 11:02 AM

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QUOTE(plouffle0789 @ Oct 19 2024, 09:35 AM)
KWSP/lhdn on Mon and Tuesday in their Bangi next week

Can you share the details?

I want to join...
*
It was sent to me in mail but I copy and paste below. The link for attending is below:

https://docs.google.com/forms/d/e/1FAIpQLSc.../viewform?pli=1

Hope this helps!


Attached thumbnail(s)
Attached Image Attached Image Attached Image
TSplouffle0789
post Oct 19 2024, 11:04 AM

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QUOTE(fongsk26 @ Oct 19 2024, 11:02 AM)
It was sent to me in mail but I copy and paste below.  The link for attending is below:

https://docs.google.com/forms/d/e/1FAIpQLSc.../viewform?pli=1

Hope this helps!
*
TARIKH | 21 & 22 OKTOBER 2024 (2 HARI)

MASA | 8.30AM - 5.30PM

LOKASI | DEWAN REMPAH RATUS, EPF LEARNING CAMPUS (ELC), KAJANG, SELANGOR


Not Johor...

I see wrongly...

But need RM 800???
fongsk26
post Oct 19 2024, 11:08 AM

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QUOTE(plouffle0789 @ Oct 19 2024, 11:04 AM)
TARIKH | 21 & 22 OKTOBER 2024 (2 HARI)

MASA  | 8.30AM - 5.30PM

LOKASI | DEWAN REMPAH RATUS, EPF LEARNING CAMPUS (ELC), KAJANG, SELANGOR
Not Johor...

I see wrongly...

But need RM 800???
*
Madani manada free one? You pay now or u pay later…. Hahahha.
Jokes aside, I am interested in the LHDN e invoicing and its implication but looks like no such presentation. Maybe they just set up shop there to answer queries.
TSplouffle0789
post Oct 19 2024, 11:10 AM

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QUOTE(fongsk26 @ Oct 19 2024, 11:08 AM)
Madani manada free one?  You pay now or u pay later…. Hahahha. 
Jokes aside, I am interested in the LHDN e invoicing and its implication but looks like no such presentation.  Maybe they just set up shop there to answer queries.
*
I just see KFC malaysia uing e invoice.


Monday will go to Sports toto and Magnum to find out....
fongsk26
post Oct 19 2024, 11:13 AM

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QUOTE(plouffle0789 @ Oct 19 2024, 11:10 AM)
I just see KFC malaysia uing e invoice.
Monday will go to Sports toto and Magnum to find out....
*


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TSplouffle0789
post Oct 19 2024, 11:17 AM

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QUOTE(fongsk26 @ Oct 19 2024, 11:13 AM)

*
License one wor

Listed companies.....

Ada lesen from majlis bandaraya.........
fongsk26
post Oct 19 2024, 11:27 AM

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QUOTE(plouffle0789 @ Oct 19 2024, 11:17 AM)
License one wor

Listed companies.....

Ada lesen from majlis bandaraya.........
*
That’s why EPF has 2 type of dividends. One is non halal and the other is halal income. Generally the halal ones are 2% lower than halal but since 2 years ago, after Madani took over, the difference has ‘reduced’ suddenly. Nothing changes in terms of world economies or local economies. But suddenly, voila…. The difference become narrower. And EOF does not show the incomes separately for halal and non halal incomes. Semua ‘lumped together’ as income and we are told this is the results. Hehehehe
TSplouffle0789
post Oct 19 2024, 06:58 PM

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QUOTE(fongsk26 @ Oct 19 2024, 11:27 AM)
That’s why EPF has 2 type of dividends.  One is non halal and the other is halal income.  Generally the halal ones are 2% lower than halal but since 2 years ago, after Madani took over, the difference has ‘reduced’ suddenly.  Nothing changes in terms of world economies or local economies.  But suddenly, voila…. The difference become narrower.  And EOF does not show the incomes separately for halal and non halal incomes. Semua ‘lumped together’ as income and we are told this is the results.  Hehehehe
*
user posted image

Simpanan Shariah KWSP

2017,2019,2022

Only have some differences compared with conventional

Other year almost same
Seawater
post Oct 19 2024, 08:06 PM

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QUOTE(SuperTuhan @ Oct 19 2024, 08:35 AM)
Cannot escape already
So gotta brace for it

My question is that I like to shop online oversea especially taobao China for my company stuff

How to get bill Pulak ??
*
Self billed. As the name said, you pretend to be supplier and bill yourself while submitting info to LHDN.


fongsk26
post Oct 19 2024, 08:20 PM

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QUOTE(plouffle0789 @ Oct 19 2024, 06:58 PM)
user posted image

Simpanan Shariah KWSP

2017,2019,2022

Only have some differences compared with conventional

Other year almost same
*
Oh ok. I am mistaken. My apologies… I do not intentionally mislead you. 🫡
TSplouffle0789
post Oct 19 2024, 09:20 PM

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QUOTE(fongsk26 @ Oct 19 2024, 08:20 PM)
Oh ok.  I am mistaken.  My apologies… I do not intentionally mislead you.  🫡
*
No problem....

Is Malaysia the first country to introduce both Shariah-compliant and conventional pension funds?
fongsk26
post Oct 19 2024, 10:00 PM

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QUOTE(plouffle0789 @ Oct 19 2024, 09:20 PM)
No problem....

Is Malaysia the first country to introduce both Shariah-compliant and conventional pension funds?
*
No idea about this.
TSplouffle0789
post Oct 21 2024, 11:19 PM

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QUOTE(Seawater @ Aug 27 2024, 11:12 AM)
The timing is up to each company own technical capabilities lah. The only guideline related to this is all consolidated reporting needs to be submitted within seven days after month end.
*
user posted image



KFC e-invoice.....


Is it every shop QR code must wait next day 10am only can be scan and enter consumers's details into LHDN system?


user posted image

Why popular book store e invoice state

First day: next day after your purchase

last day: 1st following day of the every month?


Why does the popular bookstore's e-invoice state that the last day to claim is the 1st of the following month?


So, if you buy something on October 31st, the last day to claim the invoice would be November 1st.


KFC's e-invoice does not state this rule; they said it’s 30 days.


.

This post has been edited by plouffle0789: Oct 23 2024, 02:54 PM
fongsk26
post Oct 23 2024, 08:08 AM

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QUOTE(plouffle0789 @ Oct 21 2024, 11:19 PM)
user posted image
KFC e-invoice.....
Is it every shop QR code must wait next day 10am only can be scan and enter consumers's details into LHDN system?
user posted image

Why popular book store e invoice state ladt day: 1st following day of the every month?
So, if you buy something on 31st October, the last day to claim the invoice would be 1st November.......
KFC e invoice do not state this rule.....
They said 30 days
.
*
@plouffle0789, just got this from LHDN this am. Virtual or physical seminar today and next week. FYI.

https://www.hasil.gov.my/media/drhbhadu/bro...pk_15102024.pdf


TSplouffle0789
post Oct 23 2024, 02:52 PM

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QUOTE(fongsk26 @ Oct 23 2024, 08:08 AM)
@plouffle0789, just got this from LHDN this am.  Virtual or physical seminar today and next week.  FYI. 

https://www.hasil.gov.my/media/drhbhadu/bro...pk_15102024.pdf
*
Thanks for inform...

Good...

Using Zoom online meeting apps....


https://www.hla.com.my/en/whats-new/newsroo...cement-002.html


Do you know what is this means?

This post has been edited by plouffle0789: Oct 23 2024, 02:52 PM
jmas
post Oct 23 2024, 03:02 PM

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just curious, at this point of time, how is it for business with <40k annual revenue?
TSplouffle0789
post Oct 23 2024, 03:09 PM

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QUOTE(jmas @ Oct 23 2024, 03:02 PM)
just curious, at this point of time, how is it for business with <40k annual revenue?
*
No need register e invoice lor
jmas
post Oct 23 2024, 03:25 PM

I can edit title???
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QUOTE(plouffle0789 @ Oct 23 2024, 03:09 PM)
No need register e invoice lor
*
sry wrong question, should be after 1 July 2025?

Date Implementation Details
1 August 2024 Implement on taxpayers with an annual turnover of RM100 million and above.
1 January 2025 Implementation towards taxpayers with an annual turnover of RM25 million to RM100 million.
1 July 2025 To achieve full and comprehensive implementation on other remaining taxpayers.
TSplouffle0789
post Oct 23 2024, 09:37 PM

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Repeat.....



This post has been edited by plouffle0789: Oct 23 2024, 09:38 PM
TSplouffle0789
post Oct 23 2024, 09:37 PM

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QUOTE(jmas @ Oct 23 2024, 03:25 PM)
sry wrong question, should be after 1 July 2025?

Date Implementation Details
1 August 2024 Implement on taxpayers with an annual turnover of RM100 million and above.
1 January 2025 Implementation towards taxpayers with an annual turnover of RM25 million to RM100 million.
1 July 2025 To achieve full and comprehensive implementation on other remaining taxpayers.
*
Date Implementation Details
1 August 2024 Implemented for taxpayers with an annual turnover of RM100 million and above.
1 January 2025 Implementation for taxpayers with an annual turnover between RM25 million and RM100 million.
1 July 2025 Full and comprehensive implementation for all remaining taxpayers with an annual turnover of at least RM150,000.

This is correct.

This post has been edited by plouffle0789: Oct 23 2024, 09:38 PM
jmas
post Oct 23 2024, 09:42 PM

I can edit title???
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QUOTE(plouffle0789 @ Oct 23 2024, 09:37 PM)
|Date            | Implementation Details |
1 August 2024    Implemented for taxpayers with an annual turnover of RM100 million and above.
1 January 2025  Implementation for taxpayers with an annual turnover between RM25 million and RM100 million.
1 July 2025      Full and comprehensive implementation for all remaining taxpayers with an annual turnover of at least RM150,000.

This is correct.
*
ahh, its updated
you may want to update 1st post

thanks a lot on this
TSplouffle0789
post Oct 23 2024, 09:44 PM

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QUOTE(jmas @ Oct 23 2024, 09:42 PM)
ahh, its updated
you may want to update 1st post

thanks a lot on this
*
Already updated.....

Thanks for inform...
TSplouffle0789
post Oct 28 2024, 12:37 PM

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QUOTE(fongsk26 @ Oct 23 2024, 08:08 AM)
@plouffle0789, just got this from LHDN this am.  Virtual or physical seminar today and next week.  FYI. 

https://www.hasil.gov.my/media/drhbhadu/bro...pk_15102024.pdf
*
user posted image

Do you know how to claim this?
fongsk26
post Oct 28 2024, 02:06 PM

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QUOTE(plouffle0789 @ Oct 28 2024, 12:37 PM)
user posted image

Do you know how to claim this?
*
I suppose this will be claimed under income tax later for 2024 assessments. This is good news. Meaning whatever we buy for e invoice this year is subject to this deduction.

BTW, I read that LHDN has an apps for e invoice. I have not seen it yet
Left4Dead2
post Oct 28 2024, 02:10 PM

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QUOTE(plouffle0789 @ Oct 28 2024, 12:37 PM)
user posted image

Do you know how to claim this?
*
Actually this got what differences ?

Even without this, new software company purchase also going to claim CA for 20/40% also
fongsk26
post Oct 28 2024, 02:23 PM

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QUOTE(Left4Dead2 @ Oct 28 2024, 02:10 PM)
Actually this got what differences ?

Even without this, new software company purchase also going to claim CA for 20/40% also
*
I think the old one is 1st year, you get total 60-%(40+20) and year 2 and 3, you get 20% each. Total is 100% in 3 years.

The new one is 1st year, you get 60%(40+20) and the 2nd year, you get 40%. Complete within 2 years.
TSplouffle0789
post Jan 2 2025, 01:36 PM

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Now 2025

Sports ToTo,Magnum,Da Ma Cai should have e invoice also



1 January 2025


Implementation for taxpayers with an annual turnover

between RM 25 million and RM 100 million.





Approximately RM 68,493 in business volume for an annual turnover of RM 25 million.


Approximately RM 273,972 in business volume for an annual turnover of RM 100 million.


By rounding the results to the nearest thousand, you get:

Approximately RM 69, 000 in business volume for an annual turnover of RM 25 million.

Approximately RM 274,000 in business volume for an annual turnover of RM 100 million.[QUOTE]

This post has been edited by plouffle0789: Jan 18 2025, 03:25 AM
TSplouffle0789
post Jan 18 2025, 03:27 AM

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QUOTE(fongsk26 @ Oct 28 2024, 02:23 PM)
I think the old one is 1st year, you get total 60-%(40+20) and year 2 and 3, you get 20% each.  Total is 100% in 3 years.

The new one is 1st year, you get 60%(40+20) and the 2nd year, you get 40%.  Complete within 2 years.
*
user posted image

https://www.micci.com/EventsDetail.aspx?Id=7658


**Training Title** E-INVOICING IN MALAYSIA: PREPARING YOUR BUSINESS – A COMPREHENSIVE GUIDE
**Training Date** 15 January 2025, Wednesday
**Time** 8:30 AM - 5:30 PM
**Venue** Zoom Meeting
**HRDC Claimable** 100% HRDC Claimable
**Training Type** 1-Day Virtual Training



I know this is expired.But I hope there are more is coming.

DO you know how to claim the HRDC?

ANY terms and conditions?

This post has been edited by plouffle0789: Jan 18 2025, 03:27 AM
fongsk
post Jan 18 2025, 06:28 AM

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QUOTE(plouffle0789 @ Jan 18 2025, 03:27 AM)
user posted image

https://www.micci.com/EventsDetail.aspx?Id=7658
**Training Title**                                E-INVOICING IN MALAYSIA: PREPARING YOUR BUSINESS – A COMPREHENSIVE GUIDE
**Training Date**                                15 January 2025, Wednesday                                             
**Time**                                          8:30 AM - 5:30 PM                                                     
**Venue**                                        Zoom Meeting                                                           
**HRDC Claimable**                                100% HRDC Claimable                                                   
**Training Type**                                1-Day Virtual Training                                                 
I know this is expired.But I hope there are more is coming.

DO you know how to claim the HRDC?

ANY terms and conditions?
*
There are lots coming. Just check the LHDN.

TSplouffle0789
post Feb 10 2025, 12:08 AM

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anyone still not yet change to e invoice ?

This post has been edited by plouffle0789: Feb 10 2025, 12:09 AM
TSplouffle0789
post Mar 1 2025, 09:00 PM

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QUOTE(Iceman74 @ Jun 20 2024, 10:55 PM)
LHDN are playing a long game.. enforcement are just a small part to create awareness that not compliance will have consequences.

If you attend LHDN seminar and others, the database they are collecting will be more and more polish for AI to identify those evaders

E-Inv are just 1st step only

There are E-payment & etc

me also pening but like those senior said.. enjoyed this 1.5 years first  sweat.gif
*
what means e-payment?

they will introduce customer not use cash?


will this e-invoice kills illegal 4d business?


user posted image

This post has been edited by plouffle0789: Mar 20 2025, 09:29 AM
KingArthurVI
post Mar 1 2025, 09:34 PM

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What does this mean if I’m freelancer invoicing to overseas client paying me through Wise? Do I issue e invoice to them? I thought e invoice only RM
TSplouffle0789
post Mar 2 2025, 03:40 AM

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QUOTE(KingArthurVI @ Mar 1 2025, 09:34 PM)
What does this mean if I’m freelancer invoicing to overseas client paying me through Wise? Do I issue e invoice to them? I thought e invoice only RM
*
how much is your annual sales volume?


KingArthurVI
post Mar 3 2025, 10:59 AM

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QUOTE(plouffle0789 @ Mar 2 2025, 03:40 AM)
how much is your annual sales volume?
*
>500k MYR
reversependulum
post Mar 3 2025, 11:02 AM

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Najib GST is the best

Rokek is incompetent corrupt like to lie and fitnah

#BebasNajib
#NajibForPMXI

TSplouffle0789
post Jun 5 2025, 08:53 PM

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QUOTE(KingArthurVI @ Mar 3 2025, 10:59 AM)
>500k MYR
*
https://www.businesstoday.com.my/2025/06/05...-to-jan-1-2026/




Now no need right?


Rm 500,000 below!!!!
TSplouffle0789
post Jun 5 2025, 08:53 PM

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QUOTE(touristking @ Jun 21 2024, 11:39 AM)
In 2015, because of GST, many older people just close shop and retire.
In 2024, because of e Invoice, will more older people close shop also?
*
https://www.businesstoday.com.my/2025/06/05...-to-jan-1-2026/


Now no need!!!!
TruboXL
post Jun 6 2025, 08:55 AM

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QUOTE(plouffle0789 @ Jun 5 2025, 08:53 PM)
apa no need, its postpone ranting.gif
KingArthurVI
post Jun 6 2025, 11:43 AM

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QUOTE(plouffle0789 @ Jun 5 2025, 08:53 PM)
I'm above 500k so still need... but luckily postpone one year hahahaha. Hope for more postponement, this is BS government ranting.gif
TRAZE99
post Jun 6 2025, 02:32 PM

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QUOTE(KingArthurVI @ Jun 6 2025, 11:43 AM)
I'm above 500k so still need... but luckily postpone one year hahahaha. Hope for more postponement, this is BS government ranting.gif
*
Actually hard to proceed this shit , mess with lots of people hidden book ....keep pushing latter pmx kena push out of government .

TSplouffle0789
post Jun 6 2025, 03:48 PM

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QUOTE(TRAZE99 @ Jun 6 2025, 02:32 PM)
Actually hard to proceed this shit , mess with lots of people hidden book ....keep pushing latter pmx kena push out of government .
*
I think under 500K later also no need...

This is just for face only


Why just said currently no need?

Just said exempted lah
h@ksam
post Jun 6 2025, 03:51 PM

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QUOTE(plouffle0789 @ Jun 6 2025, 03:48 PM)
I think under 500K later also no need...

This is just for face only
Why just said currently no need?

Just said exempted lah
*
got visit LHDN or not??

already stated EXEMPTED on official website
h@ksam
post Jun 6 2025, 03:54 PM

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QUOTE(TRAZE99 @ Jun 6 2025, 02:32 PM)
Actually hard to proceed this shit , mess with lots of people hidden book ....keep pushing latter pmx kena push out of government .
*
too expensive to chase every B40 yang not paying full, how much tax money can B40 cheat for 500k sales as compared to Berhad with 50 million sales?




haya
post Aug 21 2025, 09:47 AM

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Support provided for e-invoicing
News Desk
Business
21 August 2025

user posted image
Dolhadi (seventh left) taking a photo with participating agencies during the event. Photo: GHAZALI BUJANG

KUCHING: Sarawak entrepreneurs have been urged to put aside fears over the e-invoicing system as support and training are already in place.

Deputy Minister for Youth, Sports and Entrepreneur Development (MYSED) Datuk Dr Ripin Lamat said many entrepreneurs feel the system is complicated, but it is easier than it seems.

“With the right coaching, entrepreneurs can grasp the basics easily. What matters is having the courage to try, learn, and adapt to current needs,” he said in a speech read by MYSED Deputy Permanent Secretary Dolhadi Mazuki when officiating the Seminar Usahawan Madani: e-Invois at Majma Event and Convention Centre here yesterday.

He also reminded entrepreneurs not to run their businesses without a strong foundation in knowledge.

He pointed out that entrepreneurs in Sarawak are showing great potential and positive achievements, proving they are competitive and able to contribute to national economic growth.

“I would like to record my appreciation for the National Entrepreneurship Institute (INSKEN)’s commitment in Sarawak. The presence of its Kuching branch clearly reflects long-term support for local economic growth through entrepreneurship,” he said.

Ripin said INSKEN offers various seminars, training and mentoring programmes throughout the year.

Therefore, he urged entrepreneurs to seize these opportunities to continue learning for the survival of their businesses.

Looking ahead, he expressed his hopes that this initiative will become a catalyst for more strategic partnerships between INSKEN and state entrepreneurship agencies.

“I believe consistent efforts like this will empower entrepreneurs and make the ecosystem more sustainable, inclusive and dynamic,” he said.

Meanwhile, INSKEN chairman Mustaffa Kamil Ayub said the implementation of e-invoicing is part of efforts to accelerate business digital transformation.

He said the system allows entrepreneurs to manage sales data systematically, reduce the risk of fraud, and improve business productivity.

“In fact, the transition process is simple. In seminars like this, we show the most straightforward steps, from registering a tax identification number to using the MyInvois portal.

“With proper understanding, negative perceptions and fears about e-invoicing can be overcome, giving entrepreneurs the confidence to adapt to technological changes,” he said.

He added that INSKEN, as an agency under the Ministry of Entrepreneur Development and Cooperatives, continues to offer training, seminars and guidance programmes throughout the year to strengthen the competitiveness of entrepreneurs nationwide.

The one-day seminar, attended by 362 participants, focused on e-invoicing to equip entrepreneurs with basic knowledge and practical skills in line with regulatory requirements.

Source: https://www.sarawaktribune.com/support-prov...or-e-invoicing/
TSplouffle0789
post Dec 17 2025, 10:51 AM

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QUOTE(haya @ Aug 21 2025, 09:47 AM)
Support provided for e-invoicing
News Desk
Business
21 August 2025

user posted image
Dolhadi (seventh left) taking a photo with participating agencies during the event. Photo: GHAZALI BUJANG

KUCHING: Sarawak entrepreneurs have been urged to put aside fears over the e-invoicing system as support and training are already in place.

Deputy Minister for Youth, Sports and Entrepreneur Development (MYSED) Datuk Dr Ripin Lamat said many entrepreneurs feel the system is complicated, but it is easier than it seems.

“With the right coaching, entrepreneurs can grasp the basics easily. What matters is having the courage to try, learn, and adapt to current needs,” he said in a speech read by MYSED Deputy Permanent Secretary Dolhadi Mazuki when officiating the Seminar Usahawan Madani: e-Invois at Majma Event and Convention Centre here yesterday.

He also reminded entrepreneurs not to run their businesses without a strong foundation in knowledge.

He pointed out that entrepreneurs in Sarawak are showing great potential and positive achievements, proving they are competitive and able to contribute to national economic growth.

“I would like to record my appreciation for the National Entrepreneurship Institute (INSKEN)’s commitment in Sarawak. The presence of its Kuching branch clearly reflects long-term support for local economic growth through entrepreneurship,” he said.

Ripin said INSKEN offers various seminars, training and mentoring programmes throughout the year.

Therefore, he urged entrepreneurs to seize these opportunities to continue learning for the survival of their businesses.

Looking ahead, he expressed his hopes that this initiative will become a catalyst for more strategic partnerships between INSKEN and state entrepreneurship agencies.

“I believe consistent efforts like this will empower entrepreneurs and make the ecosystem more sustainable, inclusive and dynamic,” he said.

Meanwhile, INSKEN chairman Mustaffa Kamil Ayub said the implementation of e-invoicing is part of efforts to accelerate business digital transformation.

He said the system allows entrepreneurs to manage sales data systematically, reduce the risk of fraud, and improve business productivity.

“In fact, the transition process is simple. In seminars like this, we show the most straightforward steps, from registering a tax identification number to using the MyInvois portal.

“With proper understanding, negative perceptions and fears about e-invoicing can be overcome, giving entrepreneurs the confidence to adapt to technological changes,” he said.

He added that INSKEN, as an agency under the Ministry of Entrepreneur Development and Cooperatives, continues to offer training, seminars and guidance programmes throughout the year to strengthen the competitiveness of entrepreneurs nationwide.

The one-day seminar, attended by 362 participants, focused on e-invoicing to equip entrepreneurs with basic knowledge and practical skills in line with regulatory requirements.

Source: https://www.sarawaktribune.com/support-prov...or-e-invoicing/
*
Anwar: Companies earning under RM1mil exempt from e-invoicing

December 6, 2025



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Anwar: Companies earning under RM1mil exempt from e-invoicing [WATCH]
By Olivia Miwil
December 6, 2025 @ 4:26pm
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KOTA KINABALU: Companies with annual revenue below RM1 million will be exempt from e-invoicing, says Prime Minister Datuk Seri Anwar Ibrahim.

He said the decision was made following a cabinet meeting yesterday.


Previously, the exemption applied only to firms with a revenue threshold of RM500,000.

"Large Malaysian companies surely would not still complain or protest about e-invoicing.

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"They have the capacity, and issuing invoices professionally would only improve their operations.

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"But small companies currently feel that it adds to their burden and costs.

"Yesterday, during the cabinet meeting, an initial decision was made, the current RM500,000 threshold will be cancelled and raised to RM1 million.

"This means small companies will no longer be forced into e-invoicing for now.

"What happens beyond RM1 million will be studied in detail, including the cost implications," he said during the Madani Sentuhan Rakyat programme at the Sabah International Convention Centre (SICC) here.

He also said he acknowledged that the Chinese community, particularly those running small businesses, had been complaining about inefficient refund processes.

"They said that when it comes to tax collection, the government is efficient.

"But when there are overpayments on their side, getting refunds takes so long. This angers them."

Anwar, who is also the finance minister, said he had directed the Cabinet to settle outstanding refunds owed to affected businesses.

"I will increase the allocation from RM2 billion to RM4 billion so payments can be completed."

Also present were Sabah Chief Minister Datuk Seri Hajiji Noor and state Cabinet ministers.








TSplouffle0789
post Dec 17 2025, 10:55 AM

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QUOTE(Iceman74 @ Jun 20 2024, 10:55 PM)
LHDN are playing a long game.. enforcement are just a small part to create awareness that not compliance will have consequences.

If you attend LHDN seminar and others, the database they are collecting will be more and more polish for AI to identify those evaders

E-Inv are just 1st step only

There are E-payment & etc

me also pening but like those senior said.. enjoyed this 1.5 years first  sweat.gif
*
/------------------/------------------------------------/-----------------------------/
Scenario Condition e-Invoice Start Date
/------------------/------------------------------------/-----------------------------/
Scenario A YA2022 revenue < RM1,000,000 Exempted (if qualifies)
(Qualifies for + Individual shareholders only
Exemption) + No holding/subsidiary company
+ No related company > RM1,000,000
/------------------/------------------------------------/-----------------------------/
Scenario A Any of YA2023 / YA2024 / YA2025 1 July 2026
revenue > RM1,000,000
/------------------/------------------------------------/-----------------------------/
Scenario A YA2026 or later 1 Jan of the following year
revenue > RM1,000,000
/------------------/------------------------------------/-----------------------------/
Scenario B Does NOT qualify for exemption 1 July 2026 (Mandatory)
(Not Exempted) (corporate shareholder / subsidiary
/ related company > RM1,000,000)
/------------------/------------------------------------/-----------------------------/



Now threshold increase to 1 million


Luckily
h@ksam
post Dec 17 2025, 11:01 AM

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QUOTE(plouffle0789 @ Dec 17 2025, 10:55 AM)
/------------------/------------------------------------/-----------------------------/
Scenario        Condition                          e-Invoice Start Date       
/------------------/------------------------------------/-----------------------------/
Scenario A      YA2022 revenue < RM1,000,000        Exempted (if qualifies)   
(Qualifies for  + Individual shareholders only                                 
Exemption)      + No holding/subsidiary company                               
                  + No related company > RM1,000,000                             
/------------------/------------------------------------/-----------------------------/
Scenario A      Any of YA2023 / YA2024 / YA2025    1 July 2026               
                  revenue > RM1,000,000                                         
/------------------/------------------------------------/-----------------------------/
Scenario A      YA2026 or later                    1 Jan of the following year
                  revenue > RM1,000,000                                         
/------------------/------------------------------------/-----------------------------/
Scenario B      Does NOT qualify for exemption      1 July 2026 (Mandatory)   
(Not Exempted)  (corporate shareholder / subsidiary                            
                  / related company > RM1,000,000)                               
/------------------/------------------------------------/-----------------------------/
Now threshold increase to 1 million
Luckily
*
still shitty

Singapore's minimum threshold is at least SGD 1 million, thats MYR 3.16 million today


TSplouffle0789
post Dec 17 2025, 11:04 AM

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QUOTE(h@ksam @ Dec 17 2025, 11:01 AM)
still shitty

Singapore's minimum threshold is at least SGD 1 million, thats MYR 3.16 million today
*
Cannot use the currency rates ro compare
h@ksam
post Dec 17 2025, 11:08 AM

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QUOTE(plouffle0789 @ Dec 17 2025, 11:04 AM)
Cannot use the currency rates ro compare
*
if food prices are 1:1 in Sinkie then should be fine with RM 1 mil threshold

i have no latest data on how food prices compares now
TSplouffle0789
post Dec 17 2025, 11:29 AM

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QUOTE(h@ksam @ Dec 17 2025, 11:08 AM)
if food prices are 1:1 in Sinkie then should be fine with RM 1 mil threshold

i have no latest data on how food prices compares now
*
Sg still can find Sgd 4 pr sgd 5 chicken rice and wanton noodles


Malaysia?

Maybe east malaysia have
h@ksam
post Dec 17 2025, 12:39 PM

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QUOTE(plouffle0789 @ Dec 17 2025, 11:29 AM)
Sg still can find Sgd 4 pr sgd 5 chicken rice and wanton noodles
Malaysia?

Maybe east malaysia have
*
so it takes 200,000 chicken rice to reach 1 mil sgd threshold

while in malaysia it takes only 110,000 chicken rice to reach 1 mil myr threshold

This post has been edited by h@ksam: Dec 17 2025, 12:46 PM
haya
post Dec 18 2025, 07:15 AM

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QUOTE(plouffle0789 @ Dec 17 2025, 11:29 AM)
Sg still can find Sgd 4 pr sgd 5 chicken rice and wanton noodles
Malaysia?

Maybe east malaysia have
*
If you find RM4 - 5 chicken rice and wanton noodles in East Malaysia let us know. We're also looking for them too
KenM
post Dec 18 2025, 07:51 AM

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QUOTE(plouffle0789 @ Dec 17 2025, 10:29 AM)
Sg still can find Sgd 4 pr sgd 5 chicken rice and wanton noodles
Malaysia?

Maybe east malaysia have
*
odd that prices only are used for comparison
how much is rental/labour/location not taken into account..
sometimes portion dictate the price too.. this is something that constitutes the price... the proper serving size is not used in most cases..
TSplouffle0789
post Dec 18 2025, 11:23 AM

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QUOTE(haya @ Dec 18 2025, 07:15 AM)
If you find RM4 - 5 chicken rice and wanton noodles in East Malaysia let us know. We're also looking for them too
*
Now east malaysia how much chicken rice?
haya
post Dec 18 2025, 01:04 PM

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QUOTE(plouffle0789 @ Dec 18 2025, 11:23 AM)
Now east malaysia how much chicken rice?
*
Depends on where in East Malaysia you are

But anything under RM7 is cheap

KK you're looking at about RM10

Kuching you're looking around RM8-9

Sibu you're looking around RM7-8

Bintulu/Miri anything with edible meat will be at least RM8
Jenn77
post Dec 18 2025, 01:08 PM

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QUOTE(Hardcore Leveling Warrior @ Jun 20 2024, 10:06 PM)
just re-implement GST la. no need to malu.
*
This is fair to everyone. Semua layer kena. smile.gif
kimochi ii
post Dec 18 2025, 04:11 PM

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if you have overseas shares, capital gains and dividends remitted back, how the f have to issue the einvoice?

 

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