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Busy Bosses Alert! e-Invoice and Tax Red Flags that could COST YOU MILLIONS

Busy Bosses Alert! e-Invoice and Tax Red Flags that could COST YOU MILLIONS

Creative Accounting to Save Tax?
❌Not Anymore❗❌

(A careless mistake could lead you to hefty penalties or even imprisonment!)

ONLINE WEBINAR

ONLINE WEBINAR (worth RM388)

Date: 18/04/2025 (Friday)
Time：2:30PM - 5:00PM
Speaker: Datin Yap Shin Siang, YYC CEO & Finance Expert

Original Price: RM388

FREE for FIRST 1,000 Registrants !!

FREE for FIRST 1,000 Registrants !!

Fill in your details to register now

Fill in your details to register now

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What is e-invoicing?

What is e-invoicing?

E-Invoicing is becoming a standard practice for all taxpayers, making it essential to 
stay up to date with the latest changes. 

Did You Know? 
As of 21 February 2025, LHDN has revised the e-Invoice implementation from 
3 phases to 4 phases!

E-Invoice Implementation Timeline

Following the updates released by LHDN, we note that there are no changes for businesses with annual sales of RM150,000 and above — you still need to implement e-Invoicing, no further thought needed!

BEFORE the implementation of e-Invoice 
vs 
AFTER the implementation of e-Invoice  

BEFORE the implementation of e-Invoice VS AFTER the implementation of e-Invoice  

The traditional buying and selling process involves the customer (buyer) purchasing goods, and the merchant (seller) can directly issue an invoice or receipt to the customer.

However, with the implementation of e-Invoices, this process has undergone a change. 
Merchants can no longer directly issue invoices to customers; Instead, they need to upload the invoice to the system and undergo validation by LHDN.

How E-Invoicing Reshapes Tax Accountability

How E-Invoicing Reshapes Tax Accountability

The mandatory implementation of e-Invoicing enhances account reconciliation, boosts productivity, and streamlines automation. It also increases transparency for tax authorities and strengthens tax compliance. With all expenses and transactions being digitally recorded, the LHDN can detect tax discrepancies efficiently and initiate investigations when necessary. 

Who is exempt from e-Invoice implementation?

Who is exempt from e-Invoice implementation?

While businesses with annual sales below RM150,000 are exempt from e-invoicing, this exemption does not apply in certain scenarios. Therefore, it is important to understand which category your business falls into.

Exemptions for businesses under RM150k, but 
not applicable to these 3 scenarios! 

Exemption for businesses below RM150k, but not applicable to these 3 scenarios:

Since your business is required to implement e-Invoicing, there’s no turning back now. 
Any mistake could trigger audits, hefty penalties, and even legal consequences.

But don’t worry! 

To help you navigate these complexities and avoid costly mistakes, let’s join 
【Busy Bosses Alert! e-Invoice and Tax Red Flags that could COST YOU MILLIONS】
to gain valuable insights. Don’t wait until it’s too late — understanding the red flags now could save you from massive financial and legal trouble down the road!

Is e-Invoice more complicated than GST?

e-invoicing Implementation timelines 

If you are familiar with the GST era back in 2015, e-Invoice is just as complicated as GST. If not, even more complicated!

In the GST era, you had to familiarise yourself with tons of GST codes. With e-Invoice, you must know the required fields for a valid e-Invoice, Tax Identification Number (TIN), MSIC Code, e-Invoice type and so on.

In short, you need to be ready now!

e-invoicing will be mandatory for all businesses based on their turnover or revenue thresholds and will be implemented in phases. For businesses with an annual turnover of more than RM 100 million, the original implementation date of 1 June 2024, has been postponed to 1 August 2024.

However, following the budget announcement on October 13, 2023, the implementation date for all other businesses has been brought forward by 18 months to 1 July 2025, moving it ahead of the initial date of 1 January 2027.

e-invoicing Implementation timelines 

e-invoicing Implementation timelines 

e-invoicing will be mandatory for all businesses based on their turnover or revenue thresholds and will be implemented in phases. For businesses with an annual turnover of more than RM 100 million, the original implementation date of 1 June 2024, has been postponed to 1 August 2024.

However, following the budget announcement on October 13, 2023, the implementation date for all other businesses has been brought forward by 18 months to 1 July 2025, moving it ahead of the initial date of 1 January 2027.

e-invoicing will be mandatory for all businesses based on their turnover or revenue thresholds and will be implemented in phases. For businesses with an annual turnover of more than RM 100 million, the original implementation date of 1 June 2024, has been postponed to 1 August 2024.

However, following the budget announcement on October 13, 2023, the implementation date for all other businesses has been brought forward by 18 months to 1 July 2025, moving it ahead of the initial date of 1 January 2027.

How does e-invoicing impact taxation?

How does e-invoicing impact taxation?

The mandatory implementation of e-invoicing is aimed at achieving better account reconciliation, increased productivity, and automation. This initiative is expected to reduce invoice processing costs, provide greater transparency to tax authorities, and improve tax compliance through more efficient financial and tax reporting.

This measure not only affects the financial sector but also has a significant impact on the field of taxation. All expenses and accounts are clearly recorded in the system, making it easier for tax authorities to identify taxpayers' tax loopholes, errors, and mistakes.

When the IRB has accurate and certain evidence to prove that a taxpayer has avoided paying taxes or violated the law, it can launch a special investigation. Where negligence, wilful default or fraud has been committed by the taxpayer, additional assessments can be raised at any time.

Special Voluntary Disclosure Programme (SVDP) 2.0

Special Voluntary Disclosure Programme (SVDP) 2.0

Special Voluntary Disclosure Programme (SVDP) 2.0 provides an opportunity for taxpayers to come forward voluntarily to report their income and tax computations that are accurate and orderly in line with the IRB rulings that are in force as well as encouraging taxpayers to pay taxes within the stipulated period.

SVDP 2.0 aims to encourage taxpayers to enhance their tax compliance through the awareness, education, and services (AES) concept practiced by the IRB.

The program allows taxpayers to voluntarily declare their unreported or underreported income from previous years without incurring any penalties.

The implementation period of SVDP 2.0 is from 06 June 2023 until 31 May 2024.

📢 Join 【Busy Bosses Alert! e-Invoice and Tax Red Flags that could COST YOU MILLIONS】

📢 Join 【Busy Bosses Alert! e-Invoice and Tax Red Flags that could COST YOU MILLIONS】

You will learn:

✅ What is e-Invoice?
✅ When is the mandatory implementation timeline?
✅ Who will be affected?
✅ How to implement e-Invoicing correctly?
✅ What are the common misconceptions among business owners?
✅ What are the red flags in e-Invoicing?
✅ Will big data pose risks in tax audits?

WHO SHOULD JOIN?

WHO SHOULD JOIN?

✅ Chief Executive Officers
✅ Chief Financial Officers
✅ Financial Planners & Controllers
✅ Tax Agents
✅ Tax Advisors and Consultants
✅ Corporate Accountants
✅ Corporate Tax Managers/Executives
✅ Business Consultants
✅ Billing/Invoicing Team
✅ Others, who is in the role of issuing e-invoicing

Speaker Profile

Datin Yap Shin Siang

Datin Yap Shin Siang

YYC CEO & Finance Expert

YYC CEO & Finance Expert

✅ CEO of YYC, an Asian-grown accounting and business advisory group with a 51-year history of empowering entrepreneurial success. 
✅ Over 20 years of professional experience in public accounting, tax, and business advisory. 
✅ Rich expertise in finance, marketing strategy, sales strategy, and legal matters.
✅ Under her leadership, YYC today is ranked among the top 10 accountancy firms by size and can rival the Big Four locally.
✅ Being the second generation in the family business, she has grown a team of 50 staff to an 800-strong team which is trusted by 10,000 entrepreneurs.
✅ She has also tripled the business revenue since 2016 and won the attention of OCBC Bank in 2019 to invest and become a strategic partner of YYC.
✅ She is also a frequent speaker for seminars organised by China Press, Nanyang Siang Pau, Malaysian Institute of Accountants (MIA) and various trade associations such as Malaysia Retail Chain Association (MRCA), Master Builders Association Malaysia (MBAM), The Timber Exporter’s Association of Malaysia (TEAM) and many more.

✅ CEO of YYC, an Asian-grown accounting and business advisory group with a 50-year history of empowering entrepreneurial success.
✅ Over 20 years of professional experience in public accounting, tax, and business advisory.
✅ Rich expertise in finance, marketing strategy, sales strategy, and legal matters.
✅ Under her leadership, YYC today is ranked among the top 10 accountancy firms by size and can rival the Big Four locally.
✅ Being the second generation in the family business, she has grown a team of 50 staff to an 800-strong team which is trusted by 10,000 entrepreneurs.
✅ She has also tripled the business revenue since 2016 and won the attention of OCBC Bank in 2019 to invest and become a strategic partner of YYC.
✅ She is also a frequent speaker for seminars organised by China Press, Nanyang Siang Pau, Malaysian Institute of Accountants (MIA) and various trade associations such as Malaysia Retail Chain Association (MRCA), Master Builders Association Malaysia (MBAM), The Timber Exporter’s Association of Malaysia (TEAM) and many more.

Date & Time

18/04/2025 (Friday)

2.30pm - 5.00pm

Online

 Zoom

Fee

FREE

HOW TO REGISTER

About YYC

YYC is one of the top ten accounting firms in Malaysia. By providing one-stop professional solutions including auditing, accounting, taxation and business consulting, and corporate training to enterprises, it is highly regarded by entrepreneurs for its innovative professional services.

YYC was established in 1974. We have 51 years of experience assisting other companies to expand their businesses. This is a successful enterprise that is widely recognized by local entrepreneurs. Now, it has come to the second generation and is jointly operated by a sister and brother duo. Together, they lead more than 800 employees to provide the most sought-after professional services. We have more than 5 decades of market experience. Therefore, YYC is quite familiar with the dynamic global market. We have also helped several domestic and foreign businesses to grow their market share. 

TESTIMONIAL

TESTIMONIAL

BEFORE VS AFTER ATTENDING THIS WEBINAR

BEFORE VS AFTER ATTENDING THIS WEBINAR

Over the past 3 years, Datin Shin has benefitted over 93,000 business owners by refining their knowledge in tax savings and e-invoicing.

 Further Inquiries?

Please Contact +6010-2277309 (WhatsApp, HERE)

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