Reimbursements refer to out-of-pocket expenses incurred by the payee during the course of rendering services or selling goods to the payer (i.e., Buyer). These expenses are subsequently reimbursed by the payer. Examples of such expenses include airfare, travel, accommodation, telephone charges, and photocopying costs. Disbursements, on the other hand, are out-of-pocket expenses incurred by the payer (i.e., buyer) and paid directly to a third party by the payee. These expenses are related to services rendered or the sale of goods by the payee to the payer. [...]

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According to the Inland Revenue Board of Malaysia (IRBM), certain businesses, industries, and sectors practice the issuance of statements or bills to record multiple transactions between Supplier and Buyer over a set period (e.g., monthly, bi-monthly, quarterly, bi-annually, annually), instead of issuing individual invoices for each transaction . This practice is called periodic statements or bills. [...]

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Overall of Self-billing E-invoice. When a sale or transaction is concluded, the Supplier issues an e-Invoice to recognize their income and as a record of the Buyer's spending (proof of expense). However, there are certain circumstances where another party, other than the Supplier, is allowed to issue a self-billed e-Invoice on behalf of the Supplier. This is known as a self-billing e-Invoice. [...]

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Employment Perquisites and Benefits. Individuals who are under a contract of service (i.e., employment) may have employee benefits provided by their employer. Employee benefits may include benefits in cash or in kind that an employee receives from an employer or third party as a result of being employed or performing work, such as: [...]

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Simplifying Employee Expenses: IRBM’s Concession. Employees often incur expenses on behalf of their employers, ranging from accommodation to telecommunication costs. Traditionally, employees submit expense claims with supporting documents to validate these expenses. However, with the introduction of e-Invoice, a new process has emerged. Under the e-Invoice system, employees are now required to request e-Invoices in their employer’s name as proof of expenses. [...]

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General Overview. Agents, dealers, and distributors are vital intermediaries in business supply chains. They connect manufacturers or service providers with consumers, earning a commission on each sale or service provided. When a Purchaser acquires goods or services from the Seller through an Agent/Dealer/Distributor, the Seller must issue an e-Invoice to the Purchaser to record the transaction. [...]

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