e-Invoicing Conceptual Framework and Real Life Applications
Author: Kwai Fatt, Choong
ISBN: 9789672289111
RM282.00
Publisher,INFOWORLD
Publication Date,
Format, Paperback
Weight,
No. of Pages, 133
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Shelf: PROFESSIONAL BOOKS / ACCOUNTING & STATISTICS / Taxation
Shelf: PROFESSIONAL BOOKS / ACCOUNTING & STATISTICS / Taxation
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e-Invoicing Conceptual Framework and Real Life Applications explains the tax framework and working mechanisms of e-Invoicing, including it's applications; contentious issues and it's complications. e-Invoicing streamline business process and simplified accounting works.
e-Invoicing represents a tax revolution. It is a digital, paperless system where every e-Invoice is validated by the IRB and directly transmitted into both the suppliers' and customers' systems. Once accepted or deemed accepted by trade customers, an e-Invoice is binding and cannot be cancelled. Delayed implementation could result in invoices being invalid and non-compliant, with business deductions unavailable to trade customers.
This reference text is a power solution pack comprise of 31 chapters discussing on conceptual framework, working mechanism and contentious e-Invoicing tax issues with guidance and solutions from practical perspective.
- e-Invoicing is Near and Here
- Malaysia e-Invoicing System
- e-Invoicing Mechanism
- System Configuration
- Transitional Periods
- Trade Customers’ Action and Reaction
- Digital Signature
- Tax Identification Number
- Peppol Framework
- MyInvois System
- e-Invoice Data Fields
- Consolidated e-Invoice
- e-Invoice Adjustment Notes
- Self-billed e-Invoice
- Digital Advertisement
- Agents, Dealers or Distributors
- Revenue Recognition
- Interest Income
- Rental Expense
- Interest Expense
- Entertainment Expenses
- Employment Income, Benefits and Perquisites
- Directors’ Fees, Salaries and Allowances
- Freelancers and Gig Workers
- Reimbursement Expenses
- Foreign Source Income
- Donations and Other Receipts
- Profit Distribution
- Micro, Nano Businesses
- e-Commerce Transactions
-
Labuan Entity
This reference text is core essential for businesses in all industries. Business entrepreneurs, auditors, tax practitioners, tax agents, consultants, directors, LLP partners, finance managers, and accountants must equip themselves with the necessary tax skills related to the e-Invoicing mechanism to add value to their services and contribute to the growth of their companies and clients.
The law is stated as at 1 August 2024.
