[01] COURSE INTRODUCTION 

E-Invoicing finally came into practice on 1 August 2024. Despite the announcement of a ‘relaxation period’, eligible companies and tax payers are still required to comply to the revised guidelines. 

The construction and property development are multi-billion industry and the impact of E-invoicing affect them in a major way, from business transactions, to accounting treatment and tax compliance. 

Similarly the JMB and MC are governing millions of tenants and landlords living in the managed communities. 

Recognizing the challenges that they faced, this specialised E-invoice course for the industry players offers a comprehensive checklist, delving into crucial aspects such as software capabilities, self-billing procedures, consolidated e-invoicing methods, disbursement and reimbursement protocols, management of employee benefits and expense claims, buyer request options, and the requisite IT infrastructure and more. 

[02] COURSE BENEFITS 

Upon completion of this training session, participants will gain the following skills and knowledge:
• Proficiency in navigating the lifecycle of an e-invoice, including its creation, validation, storage, and sharing, ensuring operational efficiency and regulatory compliance
• Ability to avoid penalties and compounding errors by adhering to best practices in e-invoicing management
• Enhanced capability to handle accounting tasks with meticulous attention, ensuring accuracy and compliance with regulatory requirements
• Improved efficiency and effectiveness in the workplace through optimized e-invoicing practices, reducing unnecessary disruption 

• Understanding the transaction treatment, gaining insight into exemptions, enabling proactive preparation for regulatory changes 

• Application of e-invoicing knowledge to inform business strategies and foster growth, recognizing its benefits beyond mere regulatory compliance

[03] WHO SHOULD ATTEND 

This training helps business owners, top management, accountants, finance professionals regarding the intricacies of accounting in the e-invoicing era:
• Construction Industry, Main Cons/ Sub Cons 

• Property Development
• Hardware/ Raw Material/ Machinery Shops and Providers 

• Joint Management Body (JMB)/ Management Corporation (MC)
• Business Owners/ Property Owners
• Property Leasing/ Services Companies 

• Property agents 

[04] DATE / TIME / FEE

Date：         24 December 2024 (Tue)
Time：         9.00am - 5.00pm
Venue：      VE Hotel & Residences, Bangsar

Fee:  [HRD Corp Claimable]

   - Early Bird Offer (before 6 Dec 2024) – RM 830
   - Special Offer (before 20 Dec 2024) – RM 870
   - Normal Fee – RM 910

- Fee includes Meals, Course Notes, Certificate of Completion and 8% Service Tax

** OFFER **

- 10% Cashback for SST2u Learner Card+ (SLC+) members. T&Cs applied.

[05] COURSE OUTLINE 

Module 1 - Understanding E-Invoicing 

• Definition and Concept of E-Invoicing 

• Objectives and Benefits 

• Timeline and threshold 

• Entities Covered by E-Invoicing Regulations 

• Optimal Timing for Implementation 

• “Relaxation Period” for Phase 1, 2 and 3 companies 

Module 2 - Planning for E-Invoicing Rollout 

• Preparing Invoices, Credit Notes, & Debit Notes 

• Fields of information needed 

• Evaluating IT Infrastructure Requirements 

• Operational Readiness Assessment 

• Potential Negative Impacts on Business Operations 

Module 3 - Scenario Analysis & E-Invoice Types 

• Implications for Imports and Exports 

• Adjustment Processes
• Refund Applications
• Disbursement and Reimbursement Procedures 

Module 4 - Lifecycle of E-Invoicing 

• Issuance of E-Invoice 

• How to issue Self-Billed Invoice 

• How to issue Consolidated E-Invoice 

• Validation and Notification 

• Sharing and Rejection 

• Connecting to IRM Malaysia via MyInvois Portal (Method 1) 

• Connecting to IRM Malaysia via API (Method 2) 

Module 5 - Implementation Strategies and Addressing Issues 

• Application Scenarios 

• Adjustment Periods for Suppliers 

• Editing and Storage Protocols 

• Handling Sequential Numbering 

• Management of Consolidated E-Invoices 

• Reporting and Compliance Procedures 

• Handling Transactions with Agents/ Distributors 

• Management of Overseas Income/ E-Invoicing for Foreign Transactions 

• Some Common Queries/ Misconception 

• Challenges facing Hardware Shops 

Module 6 - E-Invoicing For Construction and Property Development Industries 

• Invoicing Sub-Contractors
• Main Contractors and Sub-Contractors
• Handling Progress Claim
• Purchasing Materials on behalf of Customers 

• Selling of Construction Materials
• Non-Permission for Consolidated E-Invoicing 

Module 7 - E-Invoicing For Joint Management Body/ Management Corporation 

• JMB/MC does not have Digital Certificate – How? 

• Re-assigning of Intermediary 

• Retaining the original invoice format or convert to E-Invoice format 

• Issuance of E-Invoice vs Consolidated E-Invoice 

• How to manage Co-Owner Issue 

 ○ Maintenance Fee 

 ○ Sinking Fund 

• Treatment of Refundable Deposit, e.g. renovation deposit 

• Can I still prepare billing ahead of time?
• Can I backdate the invoice if I forgot to invoice?
• 72-Hour Grace Period
• What happened when unit owner dispute E-Invoice? 

Module 8 - Impact on Accounting Practices
• Changes Expected in Accounts Receivable (AR) 

• Changes Expected in Accounts Payable (AP)
• Testing E-Invoicing Integration 

Module 9 - Exemptions and Special Cases 

Module 10 – Other Consideration
• Data Confidentiality/ Risk Management 

• Potential Tax Implication 

Conclusion and Q&A Session 

End of Training 

[06] TRAINER PROFILE

ERIC CHEONG 

HRDF Certified Trainer 

Cheong graduated from University Science Malaysia with a Degree in Social Science (Major in Economics). He is a specialist trainer in accounting, finance, taxation and investment. 

[07] ENQUIRY/ REGISTRATION

Email： yes@sst2u.com

Contact:

   - Whatsapp Only (012 - 824 8874)
   - General - (03 - 8604 7270)
   - Teo (011 - 3178 9203)
   - Logesh (012 - 503 0346)
   - Siti (012 - 383 8603)
   - Nisa (019 - 851 5134)