e-Invoicing: Transactions with Agents, Dealers or Distributors
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Who are agents, dealers or distributors in a business supply chain?
The use of an agent, dealer or distributor are commonly seen in a business supply chain. An agent, dealer or distributor (i.e., a third party / intermediary) will earn commission on the sale of products or provision of services to customers.
Issuance of e-Invoice from Seller to Purchaser
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What is the e-Invoice process when goods or services are purchased through an agent, dealer, or distributor?
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- The seller must issue an e-Invoice to the purchaser to record the transaction.
- If the purchaser does not request an e-Invoice, the seller issues a regular receipt. At the end of the month, the seller must consolidate these receipts into an e-Invoice within seven calendar days for proof of income.
- The e-Invoice issuance process is detailed under Sections 3.5 and 3.6 of the e-Invoice Guideline.
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Who assumes the roles of supplier and buyer in this scenario?
- Supplier: The Seller
- Buyer: The Purchaser
Issuance of Self-Billed e-Invoice from Seller to Agent, Dealer, or Distributor
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What happens when an agent, dealer, or distributor earns a commission or incentive from the seller?
- The seller is required to issue a self-billed e-Invoice to document the payment or incentive provided to the agent, dealer, or distributor. This is in compliance with Section 83A of the Income Tax Act 1967.
- The e-Invoice issuance process is detailed under Sections 2.3 and 2.4 of the e-Invoice Guideline.
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Who assumes the roles of supplier and buyer in a self-billed e-Invoice scenario?
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- Supplier: The Agent, Dealer, or Distributor
- Buyer: The Seller (who issues the self-billed e-Invoice as proof of expense)
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Is there a way to better understand the mechanism, implementation and transactions with agents, dealers and distributors 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).
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- 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)
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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.
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