What is e-Invoicing?
Electronic Invoicing, or e-invoicing, is a cutting-edge digital solution transforming traditional paper-based invoicing into a streamlined and efficient electronic process. In Malaysia, this innovative approach is reshaping the way businesses manage their invoicing systems, offering a more cost-effective, secure, and environmentally friendly alternative. For more information, please visit Malaysia LHDN website.
How E-Invoicing and SDK Works?
E-invoicing simplifies the exchange of billing information between businesses, eliminating the need for manual data entry and reducing the risk of errors. The process involves the creation, delivery, and processing of invoices in a secure digital format. This not only accelerates the invoicing cycle but also enhances accuracy, compliance, and overall business efficiency.
The e-Invoice Software Development Kit (SDK) comprises a comprehensive suite of tools, libraries, and resources designed to empower businesses in seamlessly integrating existing systems (such as SAP, Microsoft Dynamics 365, Odoo, Oracle, Yonyou Malaysia, 用友马来西亚, Syspro, Infor, or customize ERP etc) with the MyInvois System using robust Application Programming Interfaces (APIs). This SDK offers a set of functionalities and development guidelines, streamlining the process of connecting and enhancing overall interoperability.
01
Direct Integration (via API)
- Seamless Integration: Integrate our E-Invoicing solution directly into your existing systems through Application Programming Interface (API).
- Real-Time Connectivity: Experience instant and real-time data exchange, ensuring swift and accurate invoicing processes.
- Customization: Tailor the integration to align with your specific business requirements.
02
Integration through Middleware
- Streamlined Middleware Solutions: Utilize middleware to bridge the gap between your systems and our E-Invoicing platform.
- Flexibility: Enjoy the flexibility of integrating our services without extensive modifications to your existing infrastructure.
- Scalability: Easily scale your E-Invoicing capabilities as your business grows, with the support of our middleware solutions.
Malaysia e-Invoicing Implementation Timeline
According to the 2023 Budget, a phased introduction of e-Invoicing is confirmed by the Inland Revenue Board of Malaysia (IRBM). The shared implementation dates by IRBM are in the following:
- August 1, 2024: Taxpayers with annual income or sales exceeding RM100 million
- January 1, 2025: Taxpayers with annual income or sales exceeding RM25 million and up to RM100 million
- July 1, 2025: All taxpayers
e-Invoicing process in Malaysia
The implementation of e-Invoice will facilitate real-time or near-real-time validation and storage of transactions, catering to Business-to-Business (B2B), Business-to-Consumer (B2C), and Business-to-Government (B2G) transactions. Additionally, the scope of the initiative will encompass the following documents:
- Credit and Debit Notes
- Invoices
- Receipts
- Cancellations and Refund