This Course is . .
E-Invoicing seminar phase 2 & 3
Phase 2 & 3
2 DAYS . 25 tOPICS . 2 q & a SESSIONS
WHERE
The Gardens Hotel, mid valley, kuala lumpur
WHEN
18 & 19 September 2024 (Wed. & Thurs.)
8&9, 20&21 August 2024, 10&11 September (Sold Out)
9 AM TO 7 PM
(14 cpd)
SPEAKER
DR CHOONG KWAI FATT
E-Invoicing seminar + IR4.0
Practical eInvoicing seminar + Solving Practical Tax and Digital Challenges
The aim of this e-invoicing seminar is .
Company in each business Phases faced different Tax Issue. This seminar is created especially to provide SOLUTION for companies in Phase 2 & 3.
Get all your answers to e-Invoicing implementation here:
- When to implement e-invoicing? Strategic reasoning during or after concession period ?
- What’s Industry 4.0 got to do with e-invoicing?
- What changes accounting and operational changes needed to make in order to have a smooth e-invoicing implementation?
- Solution to e-Invoicing triggered tax issues.
- What is the new process flow to adopt into my Sales and Purchasing processes?
- What are the issues specifically faced by our industry and what changes do I need to put in now?
- How do I set up my accounting system to be in line with IRB’s regulation and the expected Big Data Issues?
Hot Topics Covered
- Who should be in charge of creating e-Invoices
- Who to approve incoming e-invoices?
- Implementation Steps and decision making process
- GST Models and alignment to Industry 4.0
- Types of e-Invoicing
- Timeline for e-invoicing issuance
- Debtors Review
- Supplier Management
- Self Billed e-Invoice : secret strategy
- Integrated e-Invoice System
- Leverage Debit and Credit Notes
- Decision on MyInvois System
- API System -prefer autonomy
- Cloud computing Era?
- Confusion on Fixed Assets
- Export Issues
- Importing Goods
- Importing Services
- Intercompany compliances Issues
- Reimbursement Issues for Employees
- Planning Foreign Sourced Income
- Overseas Shares and Real Properties
- Consolidated E-Invoicing : Constrains
- Intercompany Concerns
Exclusive Templates for This seminar
E-Invoicing is the most efficient tool worldwide to TRACK TAX UNDERPAID. Companies need to be aware of the tax issues clearly in order to avoid the many TAX TRAPS.
E-Invoicing is a powerful tool Loved by Tax Authority. It collects data on business activity throughout Malaysia. Requiring supplier and customer to check on each other. A powerful approach to cut down tax evasion and move Malaysia into Industry 4.0.
PHASE 2 & PHASE 3 HAVE THE BENEFIT OF TIME
The Phase II & III businesses have 3-months pre-e-Invoice implementation period to :
- Immediately commence reviewing existing accounting processes and redefine them,
- Revise operating procedures to accommodate e-Invoice creation till validation by IRB,
- Supervise and recruit skilful employees to ensure data accuracy,
- Re-engineering the IT and accounting system to integrate and e-Invoices received from suppliers and issued to customers.
The timely and prompt business decision would certainly contribute to the
smooth and error-free transformation into the e-Invoicing era on 1.1.2025.
The aim of this e-invoicing seminar is to ensure businesses can transition into e-Invoicing smoothly with minimum impact on customer and supplier relation. Avoid unnecessary tax issues.
Focusing on minimising disruption while maximising the benefits to your business and your clients. Understanding the practical impact of e-invoicing, including compliance with the latest regulations and leveraging technology for seamless integration, is paramount. We take this burden off your shoulders, ensuring we share with you the way to transition not just smooth but also adds tangible value to your operations.
There are bright side to things too, e-Invoicing brings company into the realm of digitisation, one big step into Industry 4.0. We share more details during the e-invoicing seminar.
Future-Proof Your Sales Process: The Shift to E-Invoicing Can Be Made Simple by Attending this e-Invoicing Seminar
Navigating the Unseen Risks of E-Invoicing on Sales
While e-invoicing presents many benefits, such as cost reduction and process efficiency, it’s essential to consider and mitigate any unforeseen risks it might pose to your business cycle. A significant shift to digital invoicing requires adaptation not only internally but also among your clients.
First and foremost, implementing e-invoicing necessitates rigorous training for your sales and accounting teams to ensure seamless operation and effective communication of the benefits to your clients.
Second, it’s crucial to gradually introduce your clients to e-invoicing, providing them with enough information and support to transition confidently. This phased approach helps maintain the integrity of your sales relationships, fostering trust and openness.
Moreover, while e-invoicing streamlines payment processes, it also changes the dynamics of payment follow-ups and disputes. A well-crafted strategy that includes clear communication channels and procedures for resolving issues promptly is vital to prevent any negative impact on client relationships and, consequently, sales.
Tax Authority INDUSTRY 4.0 Empowering with Artificial Intelligence (AI): What you need to do about this e-invoicing seminar?
With the adoption of E-Invoicing, the Inland Revenue Board (IRB) can now delve into Big Data mining and Machine Learning, enabling them to detect tax abnormalities and identify instances of tax understatement. This will permanently change their strategy for Tax Audit and Investigations. Our seminar will guide you through the necessary changes and help you stay ahead of the IRB.
WE LOOK FORWARD TO WELCOMING YOU TO AN ENGAGING AND INFORMATIVE SESSION THAT PROMISES TO EMPOWER YOUR BUSINESS STRATEGIES FOR THE FUTURE.
TWO DAYS PACKED WITH PRACTICAL KNOW-HOW : WE COVERS FIVE AREAS IN E-INVOICING
Move from Zero to HERO. Complete & IMPORTANT Skills for e-Invoicing.
Why our E-Invoicing Seminar ?
Because of these 5 Reasons.
01. We take you from ZERO to HERO
Unlike other seminars that only provide a dictionary list understanding of E-Invoicing, our seminar is designed with full implementation in mind. We guide you through the three phases of INDUSTRY 4.0 E-Invoicing Implementation.
02. Industrial Best Practices : Address Industry-Specific challenges
Not only do we provide a thorough understanding of the E-Invoicing framework, but we also address industry-specific challenges created by e-Invoices.
03. Make decide based on Actual Data
Discover how E-Invoicing will revolutionise tax audits and learn how to adapt your accounting structure. Dr. Choong will provide expert guidance on making the necessary adjustments before year-end.
04. Practical Q&A Session with Post-Support
By bringing industry professionals together, we create an opportunity for you to voice your concerns, anticipate challenges, and engage in practical Q & A sessions for exponential learning.
05. Convenient Location
Attend the seminar at Mid Valley, where you can enjoy abundant shopping and dining options. Make the most of the festive season and sales after the event.
Prevent "Self-Sabotage" .
We prefer to look at e-Invoicing seminar from perspective of your Business Process, there are many approaches to implementing e-Invoicing, why not pick the path which benefits your business instead.
Tax Audit Game Experiencing Irreversible Changes from 2024 onward. Learn more in this e-Invoicing seminar.
With e-invoicing and going cashless by 2027, plus the possible GST 2.0 just around the corner, the Tax Audit game changed irreversibly. Knowing how to put in the Right Accounting Changes and revamp Chart of Account has never been this important ever before. There are so much preparation needed prior to e-Invoicing Implementation. You don’t just know the Changes, you know what are the Action Plan required.
You don't just know what are the e-Invoicing Requirements, you need to know what changes to make in your business now.
We are eager and look forward to seeing you in The Gardens Hotel. Network with peers and client, while getting the latest Tax Planning.
JOIN THIS SEMINAR.
Grab these COMPLETE AND PRACTICAL Malaysia e-invoicing seminar WITH INDUSTRY 4.0 for COMPANIES IN phase 2 & 3
what’s covered
Practical e-INVOICING Seminar
Introduction: Day 1: Foundation & Intermediate Level –
Implementing e-Invoice and Overcoming Challenges
DAY ONE
- Understanding the e-Invoice application and coverage
- Process flow from issuance to validation by IRB
- Effects and impact on acceptance and rejection of e-Invoice
- Reasons for IRB implementing e-Invoice, including: revenue capture, concerns, and reconciliation practicality
- Fatal points to be aware of when using substituted e-Invoices
- Analysing functionality and impact of MyInvois system
- Backup options for data security
- IT integration between suppliers and debtors for e-Invoices received or issued
- Advantages of batch processing
- Risk considerations for the “everywhere and anytime” methodology
- Risks associated with non-compliance or late compliance
- Disadvantages of early commitment
- Suggested timing to start implementing e-Invoice – now or later?
- Timely review and accuracy checking points
- Considerations for invoice integration or spreadsheet add-ons
- Issues when dealing with Phase II/III suppliers as a Phase I trade debtor
- Importance of timely e-Invoice validation
- Reviewing nature, type, and categories of trade debtors – analyzing impact
- Business decision-making process on adopting e-Invoice, consolidation e-Invoice, or hybrid options
- Stepwise guide on confirming data and particulars
- Understanding timing in issuing e-Invoices based on revenue recognition principle – 60-day rule
- Overview of different types of e-Invoices:
- refund,
- consolidated,
- self-billed,
- debit note,
- credit note
Resolving issues related to manufacturing processes including :
- importing materials and spare parts,
- exporting manufactured goods,
- contract manufacturing, and
- sales to trading companies
- Understanding the revenue timeline for issuing e-Invoices
- Considerations for cash rebates
- Payment to commission agents
- Limitations of consolidated e-Invoices
- E-Invoice issues and applications for import and export
- Issues related to deposits on services and refunds
- Revenue timeline for issuing e-Invoices in the service industry (including construction)
- Handling progress billing, payments on behalf by developers, and setting off debts
- Key points to note during the migration into the e-Invoice era
- Resolving issues related to goods return and cash refunds from the pre-e-Invoice era
Advanced E-INVOICING Seminar
DAY TWO of the workshop is specially designed to cover the more Advanced e-invoicing topics that addresses the operation procedures, control, and issues surrounding this important topic.
Show time, it is the highlight of the event, where the criticial issues will be shared and only available in this e-Invoicing Phase 2 Physical Live seminar.
- Resolving trade debtors’ concerns when selling high-value goods
- Understanding the prohibited and concession options for consolidated e-Invoices
- Ensuring sustainability and managing risks for microbusinesses
- Exploring the Peppol framework
- Assessing limitations of existing accounting software and considering alternatives
- Learning how to access IRB cloud for e-Invoice retrieval and records retention.
- Understanding the differences between B2B and B2C transactions in the e-Invoicing era
- Addressing common cost-sharing scenarios
- Handling payment on behalf/loan/advances situations
- Dealing with bulk purchases and bulk breaking operations
- Managing employees secondment arrangements,
- Addressing Technical services, management services, consultancy, and training
- Analysing features of self-billed e-Invoices
- Addressing practical difficulties in amending self-billed e-Invoices
- Determining whether to issue an e-Invoice or proceed without an invoice
- Reviewing, revising, and refining employment contracts
- Handling various Benefit-in-Kind (BIK)
- Understanding the repatriation of profit
- Taking practical revamp actions in deadlock or sunset industries
- Recognizing the inevitability of technology
- Exploring available grants
- Applying consolidated e-Invoices within 7 days
- Seeking consultancy on e-Invoice implementation and its scope
- Addressing scenarios in e-Invoices or self-billed e-Invoices applications
- Redefining tenancy agreements
- Adopting a new outlook as tenant or landlord
- Identifying essential data and particulars on e-Invoices or self-billed e-Invoices
Also with the changes in tax case law decided by the court and gazette order published by tax authorities.
JOIN THIS SEMINAR.
Grab these COMPLETE AND PRACTICAL Malaysia e-invoicing SEMINAR WITH INDUSTRY 4.0 for COMPANIES IN phase 2 & 3
THose who attended
Some of the past attendees of our e-Invoicing seminar
DAY ONE
Part 1
12:30 PM TO 2:00 PM BUFFET LUNCH BREAK
Part 2
Part 3 (Questions & Answer) 5:50 PM TO 7:00 PM
…. More content may be added as changes where relevant from e-Invoice updates prior to event date.
DAY TWO
Part 1
12:30 PM TO 2:00 PM LUNCH BREAK
Part 2
Part 3 (Questions & Answer) 5:50 PM TO 7:00 PM
…. More content may be added as changes where relevant from IRB prior to event date.
Venue
Conducted in the ballroom within the relaxation of The Gardens Hotel, 5-star heaven within The Gardens Mall in Mid Valley. Love for its strategic location and the direct access to shopping mall, eateries and parking (Premium and Zone U).
Address:
The Gardens Hotel
The Gardens, Lingkaran Syed Putra, Mid Valley City, 59200 Kuala LumpurG
What you will get :
- The reference books, templates and printed slides,
- The Q & A link to submit your questions: Prior, During and Post seminar.
- e-Certificate of Attendance
Plus, lots and lots of practical templates, Hot Strategies for easy implementation.
JOIN THIS SEMINAR.
Grab these COMPLETE AND PRACTICAL Malaysia e-invoicing seminar WITH INDUSTRY 4.0 for COMPANIES IN phase 2 & 3
PRICING
Choose the right category based on the number of participants. The price stated below is for 2 days seminar.
Group of
1 - 2 Pax
RM8500
RM
4,500
-
Here’s how the math works :
RM 4,500 - RM 1,300 Early Bird Discount = RM 3,200.
REGISTER 1 - 2 PAX
Seat are limited and subject to first come, first served basis.
Group of
3 - 4 Pax
RM6500
RM
4,200
-
Here’s how the math works :
RM 4,500 - RM 1,300 Early Bird Discount - RM 300 group registration discount = RM 2,900.
REGISTER 3 - 4 PAX
Seat are limited and subject to first come, first served basis.
Group of 5 Pax
& more
RM6500
RM
3,900
-
Here’s how the math works :
RM 4,500 - RM 1,300 Early Bird Discount - RM 600 group registration discount = RM 2,600.
REGISTER 5 PAX & MORE
Seat are limited and subject to first come, first served basis.
Popular
This program is FULLY HRDC Claimable under (HRDCorp Focus Area : Industry 4.0).
When you apply for HRDC please ensure “30% up front payment” is selected.
JOIN THIS SEMINAR.
Grab these COMPLETE AND PRACTICAL Malaysia e-invoicing seminar WITH INDUSTRY 4.0 for COMPANIES IN phase 2 & 3
WHO IS IT FOR?
Created for Business Owners, Accountants, Financial Personnel, Company Directors and you of course.
SHAREHOLDERS AND DIRECTORS
BUSINESS AND FINANCIAL DECISION MAKERS
COMPANY SECRETARY, AUDITORS, AND TAX AGENTS
ACCOUNTANTS, FINANCIAL CONTROLLERS, SENIOR EXECUTIVES
IT SPECIALIST
SHAREHOLDERS AND DIRECTORS
(Personnel involved in Managing the Company)
Shareholders and Directors are exposed to Personal Risk of Travel Restriction, Personal Liability to pay for “Tax Undercharged” and Company Bankruptcy. Therefore Shareholders and Directors must have personal understanding of what are the latest risks they are facing and ensure the right safeguard is in place. Especially to take advantage of available Tax Incentives, Business Recovery, Corporate Restructuring ideas and Tax Planning Opportunities. (Applicable to all industry)
BUSINESS AND FINANCIAL DECISION MAKERS
(CEO, CFO, General Manager and Financial Controller)
To ensure the company continue to prosper and remain relevant, be ready for Malaysia Budget 2022 and get to know what are the major changes in Government’s direction which impact Businesses Direction. Where Economy, Taxation and Business Direction need to be known. The Decision Makers must be well advised and comprehend the significance and be able to plant the right seeds and direction for the company.
COMPANY SECRETARY, AUDITORS, AND TAX AGENTS
The Advisors need to gear up and patch up your dose of Know-How from this Annual Malaysia Budget 2022 Seminar in view of this ongoing Covid-19 pandemic that is happening locally as well as internationally.
Get the Latest Malaysia Budget 2022 Approach implemented by ruling Government, latest KNOW HOW and New Action Plan needed.
ACCOUNTANTS, FINANCIAL CONTROLLERS, SENIOR EXECUTIVES
NOW there is another wave of change in Government Business Direction with the regards of e-Invoicing that you MUST BE READY FOR. Be equipped with practical Decision-Making process to cushion the impact on business processes.
How will it affect your Business Direction, Accounting Entries, Documentation from now onwards and all the compliance requirements and thresholds involved. There are ample work to PATCH UP on the missing UPDATES.
IT SPECIALIST
The change to e-invoicing is not just a change in accounting software. It involves changes to an open and new system of progressive upgrades to Industry 4.0 and ESG compliance components.
When attending with your IT Specialist will ease your work in convincing, explaining and assessing viability.
Together, you can work faster and grow in the right direction.
JOIN THIS SEMINAR.
Grab these COMPLETE AND PRACTICAL Malaysia e-invoicing seminar WITH INDUSTRY 4.0 for COMPANIES IN phase 2 & 3
Dr Choong Kwai Fatt
Dr Choong Kwai Fatt is an acknowledged tax authority and a leading tax specialist in Malaysia, highly sought after speaker and provided tax consultancy services to listed companies, audit firms, legal firms and the Malaysian Government for more than 25 years.
Like a diamond with multiple façade, Dr Choong shines for his depth of tax knowledge, rare combination of skill and experience derived from being a speaker, writer, researcher, advocate and solicitor, consultant and his passion towards tax education.
Collectively this has resulted in his outstanding presentation skill and charming persona as a speaker and advisor.
5/5
JOIN THIS SEMINAR.
Grab these COMPLETE AND PRACTICAL Malaysia e-invoicing seminar WITH INDUSTRY 4.0 for COMPANIES IN phase 2 & 3
faq
Most frequent questions we received.
Our e-Invoicing seminar is popular because we look at it from BUSINESS PROCESS perspective.
Conventional e-Invoicing seminar are created with the objective of just covering e-Invoicing framework.
Knowing the framework only provides basic understanding of how e-invoicing “should” look like.
Knowing e-Invoicing implementation provides practical solution and factors to ease right decision making.
Unfortunately, most of the sessions will not be repeated. Should there be a similar session, you can change to other session of the same event, subject to availability.
Refund is not possible as all seating arrangement with venue and printing of materials have been arranged and put in place. However, we can accept replacement by informing us via email 10 days prior to the event.
Yes. This seminar does not just cover the surface Updates or knowledge about e-Invoicing, our e-Invoicing seminar is created to solve implementation issues and decision making. Covers the most crucial question : “How to implement and embed e-Invoicing SMOOTHLY into my Company System?”
Join Us and Expect to take away Practical Solutions, templates and Implementation Pointers.
No. The CPD stated on the Certificate of Attendance is as awarded by the Training Provider in recognition of the hours spent learning with the respective Speaker/ Trainer.
Unfortunately, it is subject to the discretion of the respective institution whether or not to accept the point or otherwise.
Yes, we do understand plans are always subject to change. Do provide us the name 10 Days prior to the event date. If change of name were to notify after we have printed the Certificate of Attendance, reprinting of cert can be done with a Certificate Reprinting Administrative Fees of RM 100.
No. We wish we can answer yes to this. Our Seminar is based on latest and most up to date information, rules and regulations, with a cut off point of 1 to 2 weeks before the event. The earliest date for us to get the seminar materials from the Trainer/ Speaker is 1 – 2 days prior to event date. In this regards, we will have to turn down all request to deliver materials prior to event date.
We distinguish ourselves based on three areas. We are specialist in arranging tax planning seminars for corporate leading and tax professionals.
They have a flavour for reality and practical approach towards tax changes. Created for decision makers and those who advice the decision makers.
Our motto is to encourage the policy of “Plan Your Tax, Do NOT Evade Tax.” If this is inline with your values, then do join us. We welcome you with a big big huge.
Our Participants mainly consist of Corporate Leaders, Practitioners and Senior Executives, we hold firm to the view that we must do all it takes to maximise learning and impact in a minimum amount of time. We take pride in providing the most updated and well researched information.
Yes, our events are HRDF Claimable* under HRDF FOCUS AREA (INDUSTRY 4.0) you can claim up to RM 3,000 per seminar day. In simple language it means it is FULLY HRDF CLAIMABLE.
(*Subject to PSMB’s approvals by Participants).
This applies to Company that is contributing to HRDF Fund.
Usually for live training as per the information we gather from Participants over the years, register and get the Invoice first.
Then, together with the Brochure, submit both Invoice and Brochure to HRDF for pre-approval (usually takes about 3 to 5 working days).
Once pre-approved, kindly email the preapproval for our record.
Post seminar we will submit the claim from PSMB after participants attended the event.
If you have the latest updates as to how to claim HRDF, please do share with us via event@synergytas.com.
Thank you for sharing!
