Where the Buyer requires an e-invoice

When a buyer requires an e-invoice for a particular transaction, they must inform the supplier accordingly. Upon receiving the request from the buyer, the supplier obtains the buyer’s details required for the issuance of the e-invoice.

This includes the buyer’s name, address, and tax identification number. The supplier must ensure that the e-invoice is accurate and complies with the relevant regulations.

4 Steps Below were Involved in Issuing an E-invoice to the Buyer:

1. The supplier should confirm with the buyer if an e-Invoice is required.
2. If the buyer confirms that an e-Invoice is required, the buyer should provide the supplier with the necessary information to facilitate the issuance of the e-Invoice. As per this table:

3. The supplier should complete the remaining required fields of the e-Invoice Guideline as below and proceed to issue an e-Invoice.

i)List of General TIN

ii)Buyer’s Details in Consolidated E-Invoice

• The process of issuing an e-Invoice is similar to the e-Invoice workflow which is e-Invoice model via MyInvois Portal and e-Invoice model via API.

4. The validated e-Invoice can be used as proof of expense for the buyer to substantiate a particular transaction for tax purposes.

Conclusion

It is important to note that e-invoicing applies to all taxpayers undertaking commercial activities in Malaysia. It will also apply to certain non-business transactions between individuals.

To facilitate a more efficient e-Invoice issuance process and ease the burden of providing Tax Identification Number (TIN) and identification number details, IRBM provides the following concessions to individual Buyers:

1. Malaysian individuals can provide either TIN, MyKad identification number, or both TIN and MyKad identification number.
2. Non-Malaysian individuals can provide either TIN or both TIN and passport number.

Disclaimer: The information provided on this platform is for general informational purposes only. It does not constitute professional advice and should not be relied upon for making decisions. Wanconnect Consulting Group is not responsible for any errors or omissions in the content or for any actions taken based on the information provided. We recommend seeking professional advice for specific situations. Wanconnect Consulting Group reserves the right to modify, update, or remove any content without notice.