e-Invoicing 2024: Why issuing self-billed e-Invoice matters now?

1. What is self-billed e-Invoices?
   When a sale or transaction is concluded, an e-Invoice is issued by Supplier to recognise income of the Supplier (proof of income) and as a record for purchases made / spending by Buyer (proof of expense).
   However, there are certain circumstances where another party (other than the Supplier) will be required to issue a self-billed e-Invoice.
2. What are the transactions that require self-billed e-Invoices?
   For e-Invoice purposes, Buyer (assumes the role of Supplier) and issue self-billed e-Invoices for the following transactions:

   No	Transaction	Supplier	Buyer
   1	Payment to agents, dealers and distributors	Agents, dealers and distributors	Taxpayer that makes the payment
   2	Goods sold or services rendered by foreign suppliers	Foreign seller	Malaysian Purchaser
   3	Profit Distribution (dividend distribution)	Recipient of the distribution	Taxpayer that makes the distribution
   4	E-Commerce	Merchant, service providers	E-Commerce / Intermediary Platform
   5	Pay-out to all betting and gaming winners	Recipient of the pay-out	Licensed betting and gaming provider
   6	Acquisition of goods or services from individual taxpayers who are not conducting a business	Individual taxpayer providing goods or services	Person acquiring goods or services
   7	Interest Payment	Recipient of interest payment	Taxpayer that makes the interest payment
   8	Claim, compensation or benefit payments from the insurance business of an insurer	Policyholder / Beneficiary	Insurer

3. Can I issue self-billed e-Invoice for any circumstance that is not listed under Section 8.3 of the e-Invoice Specific Guideline?
   No, please note that issuance of self-billed e-Invoice is only permitted for circumstances that are provided under Section 8.3 of the e-Invoice Specific Guideline.
   
   
4. Can I issue self-billed e-Invoice if my supplier did not issue e-Invoice to me?
   Issuance of self-billed e-Invoice is only permitted for circumstances that are provided under Section 8.3 of the e-Invoice Specific Guideline. Where the transaction does not fall within Section 8.3 of the e-Invoice Specific Guideline, taxpayers are not allowed to issue self-billed e-Invoice.
   
   
5. Is there a way to better understand the mechanism, implementation, self-billed for e-Invoice?

Yes, you can gain further insights into the e-Invoice mechanism and workflow by referring to the official guidelines published by the Inland Revenue Board of Malaysia (IRBM).

• • • Download e-Invoice Guideline Version 4.0 (published on 04 October 2024)
    • Download e-Invoice Specific Guideline Version 3.1 (published on 04 October 2024)
    • View e-Invoice Illustration Guide (Updated on 11 September 2024)
      

You may also consider attending e-Invoice training courses for detailed guidance.

For more information or to register, please visit the contact link below: ANCGroup_E-Invoice Courses Contact.