Interested to know as well since I'm in the same shoes as you. But just a heads up, e-invoice phase 3 has been delayed to Jan 1, 2026.

My bad! I fall under the SME below RM500k income, which was the ones that got delayed. I'm hoping my accountant will help me sort it out when the time comes

Sure, I'll try asking him the next time we speak (not sure when though since he seems pretty busy atm). He's just a freelance accountant who helps with my sole-prop bookkeeping once a year. When asked about e-invoicing last year, he just to said he'll show me what to do when the time comes... something about using self-billed e-invoice for foreign clients yada-yada. I see all the fields that needs to filled up also pening already haha

Thanks, good to know! We need to balance the shortfall (forex loss, fees, etc) from the accounting side then? Feels like a lot of work just to keep track of these tiny fees individually

Currently what my accountant does is if I invoiced a client for say, USD100 and I only received RM420 in my bank through Wise, he just records RM420 in the bookkeeping.
But with the upcoming e-invoicing, he'll probably need to record it at exchange rate ~RM440 and then do some extra calculation to get the actual received value? Haih, LHDN just take my money... why add so much paperwork...

This post has been edited by purplefellow: Apr 29 2025, 10:29 AM

Crap, now I really need to have a chat with him!