e-Invoicing 2024: Why issuing self-billed e-Invoice matters now?
e-Invoicing: Why issuing self-billed e-Invoice matters now? 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 […]
Ultimate Guide to Fields for e-Invoice 2024
Ultimate Guide to Mandatory and Optional Fields for e-Invoice 2024 What are the fields required in an e-Invoice? An e-Invoice contains fields that are categorized into mandatory and optional requirements. Each plays a critical role in ensuring compliance and providing additional details when needed. Here’s a breakdown: No Field Name Description Mandatory / Optional 1 […]
When to issue e-Invoice: Latest and Essential Guidelines 2024
When to issue e-Invocie: Latest and Essential Guidelines 2024 When to issue e-Invoice? An e-Invoice must be issued in two key scenarios: Proof of Income: This document is required when a sale or transaction takes place, as it serves to recognize the income of taxpayers. Proof of Expense: This document is necessary for purchases or […]
电子发票常见问题更新（截至 2024年10月4日）- 年收入不超过 RM150,000 的中小微企业 / 公司
[vc_row][vc_column][vc_column_text]⚓ 电子发票常见问题更新（截至 2024年10月4日）- 年收入不超过 RM150,000 的中小微企业 / 公司 . 马来西亚内陆税收局（IRBM）已为年营业额或收入低于 RM150,000 的纳税人豁免开具电子发票的要求。 . 然而，以下情况 不符合 豁免条件： . 1️⃣ 拥有非个人股东（或相当于）的纳税人，其年营业额或收入超过 RM150,000。 . 2️⃣ 作为控股公司子公司的纳税人，其年营业额或收入超过 RM150,000。 . 3️⃣ 拥有关联公司或合资企业的纳税人，其年营业额或收入超过 RM150,000。 . IRBM 还进一步澄清了 独资企业 年收入 RM150,000 门槛的计算方法： . 4️⃣ 对于独资企业，RM150,000 门槛适用于所有以该独资企业主名义拥有或注册的独资企业的合并年营业额或收入。 . 欲了解更多上述信息，请参阅 2024年10月4日发布的《电子发票常见问题解答》：[此处][/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/4″][/vc_column][vc_column width=”1/2″][vc_images_carousel images=”4182,4183,4184,4185,4186,4187,4188,4189,4190,4191,4192″ img_size=”large” speed=”3000″ autoplay=”yes” wrap=”yes”][/vc_column][vc_column width=”1/4″][/vc_column][/vc_row]
Update on e-Invoice FAQs (as of 4 October 2024) – MSMEs / Companies with Revenue of RM150,000 or below
[vc_row][vc_column][vc_column_text]The Inland Revenue Board of Malaysia (IRBM) has granted an exemption from the e-Invoice issuance requirement for taxpayers with an annual turnover or revenue below RM150,000. . However, the following scenarios do not qualify for the exemption: . 1️⃣Taxpayer with non-individual shareholder(s) (or their equivalent) with annual turnover or revenue exceeding RM150,000 . 2️⃣Taxpayer is […]
SOCSO 社險 和 EIS 就业保险 上限额从原有的 RM5,000 提高至 RM6,000
⚓️ SOCSO 社險 和 EIS 就业保险 上限额正式从 原有的 RM5,000 提高至 RM6,000。 . 这项提案终于在2024年10月1日，正式生效。这表示2024年10月的薪金开始，将会缴纳更多的 SOCSO 社险 和 EIS 就业保险。 . SOCSO 🔺雇主缴纳额从最高RM86.65提高至 RM104.15 🔺雇员缴纳额从最高RM24.75提高至 RM29.75 . EIS 🔺雇主缴纳额从最高RM9.90提高至 RM11.90 🔺雇员缴纳额从最高RM9.90提高至 RM11.90 . ⏬ Download SOCSO (Amendment) Act 2024 : https://ancgroup.biz/wp-content/uploads/2024/10/Act-A1724.pdf ⏬ Download EIS (Amendment) Act 2024 : https://ancgroup.biz/wp-content/uploads/2024/10/Act-A1725.pdf ANC Group – Your Personal Tax Advisor Tax […]
SOCSO and EIS Ceiling increased from RM5,000 to RM6,000
With effect from 1 October 2024, SOCSO and EIS Contribution ceiling has been increased from RM5,000 to RM6,000. This will take effect for October Payroll / Salary. SOCSO Contribution 🔺Employer Contribution will increased from highest of RM86.65 to RM104.15 🔺Employee Contribution will increased from highest of RM24.75 to RM29.75 . Employee Insurance System 🔺Employer Contribution […]
所得税（电子发票）规则 2024
⚓ 2024年9月30日，马来西亚政府正式发布《所得税（电子发票）规则 2024》，为电子发票的发行提供了全面的指南。 . 主要亮点包括： . 1️⃣ 强制性电子发票的门槛将基于2022年财务报表中的营业额确定。 . 2️⃣ 电子发票规则不适用于： – 外国外交机构 – 不从事商业活动的个人 – 法定机构、法定权力机关或地方政府在根据任何成文法履行职能时的收款、费用、收费、法定征费、传票、罚款和罚金，以及在2025年7月1日之前出售的货物或提供的服务的交易。 – 在2025年7月1日之前，国际组织出售的货物或提供的服务的交易。 . 3️⃣ 规则规定了电子发票中必须包含的55项资料和附加信息。一些是强制性的，而另一些是可选的。 . 4️⃣ 电子发票规则 2024 的生效日期为 2024年10月1日。 . 对于第二阶段和第三阶段的企业，其生效日期保持不变，分别为2025年1月1日和2025年7月1日。 . 然而，对于营业额达到1亿令吉的企业（第一阶段），电子发票的生效日期现为2024年10月1日，而非先前宣布的2024年8月1日。 . 此更改可能反映了马来西亚内陆税收局（IRBM）对第一阶段企业在实施中的困难给予的让步。 . 我们将寻求当局的进一步澄清。 . ⏬ 法律文件链接: https://ancgroup.biz//wp-content/uploads/2024/10/PUA-265-2024-1.pdf
INCOME TAX (ISSUANCE OF ELECTRONIC INVOICE) RULES 2024
⚓ On September 30, 2024, the Malaysian government officially gazetted the Income Tax (Issuance of Electronic Invoices) Rules 2024, providing a comprehensive set of guidelines for issuance of electronic e-invoice. Key highlights include: 1️⃣ The threshold for mandatory electronic invoice will be determined based on the turnover reported in the 2022 financial statements. 2️⃣ The […]
What is the Tax Treatment of Benefits in Kind? – LATEST UPDATE : PUBLIC RULING NO. 11/2019
PUBLIC RULING NO. 11/2019 : Benefits in Kind The objective of PUBLIC RULING NO. 11/2019 : Benefits in Kind is to explain – a) The tax treatment in relation to Benefits in Kind (BIK) received by an employee from his employer for exercising an employment, and b) The method of ascertaining the value of BIK […]
