{"id":5165,"date":"2024-11-20T17:14:23","date_gmt":"2024-11-20T09:14:23","guid":{"rendered":"https:\/\/ancgroup.biz\/?p=4279"},"modified":"2024-11-20T17:14:23","modified_gmt":"2024-11-20T09:14:23","slug":"when-to-issue-e-invoice","status":"publish","type":"post","link":"https:\/\/ancgroup.biz\/cn\/when-to-issue-e-invoice\/","title":{"rendered":"When to issue e-Invoice: Latest and Essential Guidelines 2024"},"content":{"rendered":"

When to issue e-Invocie: Latest and Essential Guidelines 2024<\/strong><\/a><\/h3>\n

\"When<\/p>\n

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  1. \n
    When to issue e-Invoice? <\/strong><\/h5>\n

    An e-Invoice must be issued in two key scenarios:<\/p>\n

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    <\/div>\n<\/div>\n<\/div>\n
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    <\/div>\n<\/div>\n

    Proof of Income: <\/strong>This document is required when a sale or transaction takes place, as it serves to recognize the income of taxpayers.<\/p>\n

    Proof of Expense: <\/strong>This document is necessary for purchases or other expenses incurred by taxpayers, including returns and discounts. It also serves to correct or adjust previously documented income receipts. In some cases, such as foreign transactions, taxpayers must issue a self-billed e-Invoice.For example, if a taxpayer acquires goods or services from a foreign supplier who does not use Malaysia’s MyInvois System, they must issue a self-billed e-Invoice to document the expense.<\/li>\n

  2. \n
    Are there any activities that specifically require e-Invoice to be issued instead of consolidated e-Invoice?
    \n<\/strong><\/strong><\/h5>\n

    Yes, certain activities or transactions require the issuance of an individual e-Invoice for each transaction. In these cases, consolidated e-Invoices are not allowed. Taxpayers involved in these activities must obtain the buyer\u2019s details and issue a separate e-Invoice for each transaction. The industries affected are specified in a table below:<\/p>\n\n\n\n\n\n\n\n\n\n\n
    \u5426<\/b><\/td>\nIndustry<\/b><\/td>\nTypes of Activities<\/b><\/td>\n<\/tr>\n
    1<\/td>\nAutomotive<\/td>\nSale of any motor vehicle<\/td>\n<\/tr>\n
    2<\/td>\nAviation<\/td>\nSale of flight ticket and private charter<\/td>\n<\/tr>\n
    3<\/td>\nLuxury Goods and Jewelry<\/td>\nDetails will be released in due course<\/p>\n

    Taxpayers are allowed to issue consolidated e-Invoice until further notice<\/i><\/td>\n<\/tr>\n

    4<\/td>\nConstruction<\/td>\nConstruction contractor undertaking construction contract, as defined in the Income Tax (Construction Contracts) Regulations 2007<\/td>\n<\/tr>\n
    5<\/td>\nWholesalers and Retailers of Construction Materials<\/td>\nSale of construction materials, regardless of volume sold.<\/p>\n

    Construction material as specified under the Fourth Schedule of Lembaga Pembangunan Industri Pembinaan Malaysia Act 1994<\/td>\n<\/tr>\n

    6<\/td>\nLicensed Betting and Gaming<\/td>\nPay-out to winners for all betting and gaming activities<\/td>\n<\/tr>\n
    7<\/td>\nPayment to Agents \/ Dealers \/ Distributors<\/td>\nPayments made to agents, dealers or distributors.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/li>\n
  3. \n
    What types of e-Invoices need to be submitted and validated?<\/strong><\/h5>\n
    <\/h5>\n

    There are specific types of e-Invoices that must be submitted and validated as per the guidelines. These are outlined in a table below:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n
    \u4ee3\u7801<\/b><\/td>\nDocument Type<\/b><\/td>\n\u63cf\u8ff0<\/b><\/td>\n<\/tr>\n
    01<\/td>\nInvoice *<\/td>\nDescribes and records sales transaction.<\/td>\n<\/tr>\n
    02<\/td>\nCredit Note\uff08\u8d37\u8bb0\u5355\uff09<\/td>\nCorrect errors, apply discounts or returns to reduce value of original invoice.<\/td>\n<\/tr>\n
    03<\/td>\nDebit Note\uff08\u501f\u8bb0\u5355)<\/td>\nIndicate additional charges on previously issued invoice.<\/td>\n<\/tr>\n
    04<\/td>\nRefund Note\uff08\u9000\u6b3e\u5355\uff09<\/td>\nRefund of sales\u2019 payment.<\/td>\n<\/tr>\n
    11<\/td>\nSelf-Billed Invoice *<\/td>\nDescribes and records supplier (self-billed) transaction \/ expense<\/td>\n<\/tr>\n
    12<\/td>\nSelf-Billed Credit Note\uff08\u81ea\u5f00\u7535\u5b50\u53d1\u7968 \u8d37\u8bb0\u5355\uff09<\/td>\nCorrect errors, apply discounts or returns to reduce value of supplier invoice.<\/td>\n<\/tr>\n
    13<\/td>\nSelf-Billed Debit Note\uff08\u81ea\u5f00\u7535\u5b50\u53d1\u7968 \u501f\u8bb0\u5355\uff09<\/td>\nindicate additional charges on previously issued supplier invoice.<\/td>\n<\/tr>\n
    14<\/td>\nSelf-Billed Refund Note\uff08\u81ea\u5f00\u7535\u5b50\u53d1\u7968 \u9000\u6b3e\u5355\uff09<\/td>\nRefund of payment to supplier.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    * E-Invoice and Self Billed e-Invoice are further expanded to include consolidated e-invoice and consolidated self-billed e-Invoice, which is to be submitted by 7<\/i>th<\/i> of the subsequent month<\/i><\/li>\n

  4. \n
    What are the methods available for businesses to submit their e-Invoices?<\/strong><\/h5>\n

    Businesses have several options for submitting their e-Invoices<\/strong>, including:<\/p>\n