top of page
Image by Jean-Philippe Delberghe
ABMS Velocity

Say goodbye to paper-based invoicing and embrace the digital future with ABMS Velocity: e-Invoicing.

About e-Invoicing

To support the growth of the digital economy, the Government intends to implement e-Invoice in stages, enhancing the efficiency of Malaysia's tax administration. This aligns with the Twelfth Malaysia Plan's focus on strengthening digital services infrastructure and digitalizing tax administration.

The e-Invoice, covering Business-to-Business (B2B), Business-to-Consumer (B2C), and Business-to-Government (B2G) transactions, will enable near real-time validation and storage of transactions.

An e-Invoice is a digital representation of a transaction between a supplier and a buyer, replacing paper or electronic documents like invoices, credit notes, and debit notes. It includes essential information such as supplier and buyer details, item description, quantity, price excluding tax, tax, and total amount, recording transaction data for daily business operations.

What We Offer

Integration with Existing Systems

ABMS Consulting utilizes the platform to integrate seamlessly with clients' existing systems, enhancing data flow and reducing manual entry.

 

Automated Workflows

Streamlines end-to-end business processes for operational efficiency and minimal manual intervention.

 

Data-Driven Insights

 

Offers advanced analytics for actionable insights, supporting informed decision-making.

Customization for Growth

 

Enables scalability and customization to meet specific client needs, facilitating adaptation and growth in dynamic markets.

Image by charlesdeluvio
Inland Revenue Board Malaysia (IRBM) e-Invoice Process Flow
01
Provision and Digital Certificate
02
Creating e-Invoice and submit to IRBM
03
e-Invoice validation by IRBM
04
IRBM notify e-Invoice validation to Supplier and Buyer
05
Sharing of e-Invoice by Supplier to Buyer
06
Supplier and Buyer allowed to cancel or reject the e-Invoice within 72 hours
07
e-Invoice storage in IRBM's database
08
Reporting and Dashboard Services for Taxpayers through MyInvois Portal
Product Features
Input and Output Data Process Services
E-Invoice Solution
Assemble and Automate Business Process Services
E-Invoice Solution
E-Invoice Solution
E-Invoice Solution
E-Invoice Solution
Frequently Asked Questions
Is e-Invoicing applicable to transactions in Malaysia only?

No, e-Invoice applies to both domestic and cross-border transactions. The cross-border transactions include import and export activities. For clarity, the compliance obligation is from the issuance of the e-Invoice perspective. In other words, taxpayers who are within the annual turnover or revenue threshold as specified in Section 1.5 of the e-Invoice Guideline are required to issue and submit e-Invoice for IRBM's validation according to the implementation timeline.

Who should we reach out to if there are queries or concerns?

For any queries regarding the e-Invoice implementation in Malaysia, kindly send an email to info@abmsconsulting.com

Will there be any engagement sessions with IRBM?

IRBM is actively conducting a series of engagement sessions with industry players, tax practitioners, professional bodies, and identified stakeholders to provide comprehensive information regarding the implementation of e-Invoice in Malaysia including a) Sharing the planning of action plans, strategies, and status developments regarding the implementation of e-Invoice; and b) Obtaining feedback and views through two-way communication between IRBM and taxpayers on the implementation of e-Invoice.

What e-Invoice model will be adopted?

IRBM will adopt the Continuous Transaction Control (CTC) Model where the validation is done in near real-time by IRBM.

What are the thresholds for e-Invoice implementation to apply to taxpayers?

All taxpayers are required to implement e-Invoice according to the annual turnover or revenue thresholds. To a company, the

annual turnover or revenue threshold refers to the annual turnover or revenue value as stated in the statement of comprehensive income in the

FY22 Audited Financial Statements.

Are all industries included in the e-Invoice implementation? Are there any industries exempted?

Currently, there are no industries that are exempted from the e-Invoice implementation. Note that certain persons and types of income and

expenses are exempted from e-Invoice implementation.

Will all businesses be required to issue e-Invoice?

Yes, all businesses will be required to issue an e-Invoice in accordance with the phased mandatory implementation timeline, which is based on

the business’ annual turnover or revenue threshold.

bottom of page