LHDN Malaysia Releases SDK (Software Development Kit ) & Updated Guidelines for e-invoicing

Esker Asia

On the 9th of February, LHDN announces the release of e-Invoicing Guidelines Version 2.2, e-Invoicing Specific Guidelines Version 2.0, and the much-anticipated Software Development Kit (SDK) Beta Version. These releases mark a significant leap in clarity, addressing various invoice scenarios like self-billing and transactions involving foreign suppliers/buyers. Additionally, API documentation is now available for testing by the Malaysian regulatory authority.

Timeline for Implementation:

August 1, 2024: Applicable to taxpayers with an annual turnover exceeding RM100 million.
January 1, 2025: Extends to taxpayers with an annual turnover between RM25 million and RM100 million.
July 1, 2025: Encompasses all other taxpayers.
Note: Thresholds are based on the statement of comprehensive income in the audited financial statements for the financial year 2022.

Scope of Malaysian E-Invoice Regulation:

Encompasses both domestic and cross-border transactions.
Offers exemptions for government entities, local authorities, rulers, and ruling chiefs.

Types of Transactions:

Inclusive of B2G, B2B, and B2C transactions.
Invoice types include Invoice, credit note, debit note, and refund note.
Clarity on self-billing scenarios.
Mandatory fields elucidated with examples (e.g., TIN number for non-Malaysian buyers).
Suppliers allowed to aggregate transactions with buyers not requiring e-invoice on a monthly basis.
Retrieving and verifying TIN methods clarified, including eDaftar.

Exceptions for Consolidated E-Invoice:

Allows suppliers to consolidate transactions with buyers not requiring e-invoice on a monthly basis.
Submission of a combined e-invoice to IRBM within seven (7) calendar days after the month concludes.

Not Allowed for Specific Activities/Transactions:

Automotive
Aviation
Luxury goods and jewelry
Construction
Wholesalers and retailers
Licensed betting and gaming
Payment to agents

Supplier Issuing Methods:

Online platform (Retailer Web Portal/Mobile App).
Retailers' Point-of-sale (POS) system.
MyInvois Mobile App.
Post-Transaction Request via Online Platform (Retailer Web Portal/Mobile App).

Unlocking Seamless E-Invoicing with Esker:

Esker stands at the forefront of this revolutionary shift, offering tailored solutions to ensure your seamless transition to the new e-invoicing landscape in Malaysia. Our team is dedicated to providing support and expertise in navigating these changes. As the deadlines approach, we’ll like to guide you through the format of e-invoicing compliance.

Sign up for our e-invoicing workshop tailored to meet your needs:

You can expect to gain insights on assessing organisational readiness, creating implementation roadmaps, overcoming challenges, and integrating with existing systems and best practices through case studies and interactive Q&A sessions. At the end of the session, the learning points will help you and your team understand where you are with digitalisation and help you better with your decision-making processes.

A PROPOSITO DI ESKER

Esker è una multinazionale nata nel 1985 e negli anni ha sviluppato una piattaforma cloud globale che aiuta le aziende a gestire i processi business in modalità digitale. Unica piattaforma cloud che può gestire sia l’automazione del ciclo P2P (supplier management, contract management, procurement, accounts payable, expense management, payment management, sourcing) che O2C (order management, invoice delivery, collection&payment management, claims&deductions, cash allocation, credit management e customer management). Adottiamo tecnologie innovative che ci permettono di integrarci con gli ERP aziendali e in questi anni abbiamo ottenuto riconoscimenti da Gartner, IDC, Ardent Partner e Forrester.