Ficleus’ Post

#Malaysia 🇲🇾- The Minister for Malaysia Digital, Gobind Singh Deo confirmed he will be looking into ways of reducing the overall costs for SMEs complying with the Malaysian e-invoicing mandate in 2025. After officiating at today's National E-Invoicing Open Day and Accreditation Ceremony, he said: "If there is any announcement, maybe it will be made in the next budget presentation. There are many aspects raised that need to be seen, not only this. We welcome suggestions and as a minister, I am open to opinions and views that can improve this new system," "If we look at the impact broadly, it can simplify a business where the process will save money for us. Using this digital process will speed up our business process and also expedite all transactions that occur.From that point of view, we can definitely see an increase of income" https://lnkd.in/evGsX583 #sme #einvoicing #digital #invoicing #smallbusiness

**📢 Attention Business Owners in Malaysia! 🌟** As Malaysia transitions to e-invoicing, businesses below the threshold can continue with their current practices during the transition period. However, it's important to note that some large companies may require early adoption of e-invoicing to continue business partnerships. **Key Points to Consider:** - **Flexibility:** Continue with existing invoicing practices if you haven't reached the threshold. - **Opportunities:** Early adoption may be necessary for continued partnerships with large companies. - **Future-Proofing:** Prepare your business for the upcoming changes and stay ahead of the curve. Ensure your business stays compliant and competitive. Start exploring e-invoicing solutions today! #EInvoicing #BusinessCompliance #Malaysia #DigitalTransformation #StayAhead

Who Doesn’t Need to Use E-Invoice in Malaysia? 📢 As Malaysia moves towards #DigitalTax systems, some people and businesses don’t need to use #einvoice yet. This includes foreign offices, government bodies, and small businesses earning less than RM150,000. Check out our slides to find out: 👉 Who is exempt 👉 Why they don’t need to use e-Invoices 👉 Key deadlines to remember 👉 How even exempt businesses can choose to use e-Invoicing 💡 Make sure you know if you need to get ready for Malaysia’s #einvoicingsystem! #TaxMalaysia #DigitalMalaysia #EInvoicing #MalaysiaBusiness #TaxCompliance #SmallBusiness #BusinessGrowth #SME #MalaysiaTax #TaxUpdates #BusinessOwners #Finance #InlandRevenue #BusinessCompliance

Who Doesn’t Need to Use E-Invoice in Malaysia? 📢 As Malaysia moves towards #DigitalTax systems, some people and businesses don’t need to use #einvoice yet. This includes foreign offices, government bodies, and small businesses earning less than RM150,000. Check out our slides to find out: 👉 Who is exempt 👉 Why they don’t need to use e-Invoices 👉 Key deadlines to remember 👉 How even exempt businesses can choose to use e-Invoicing 💡 Make sure you know if you need to get ready for Malaysia’s #einvoicingsystem! #TaxMalaysia #DigitalMalaysia #EInvoicing #MalaysiaBusiness #TaxCompliance #SmallBusiness #BusinessGrowth #SME #MalaysiaTax #TaxUpdates #BusinessOwners #Finance #InlandRevenue #BusinessCompliance

Transforming Business Operations with E-Invoicing: The Future of Digital Invoicing in Malaysia In the era of digital transformation, e-invoicing has become a crucial tool for businesses in Malaysia, enhancing automation, efficiency, and compliance. The adoption of e-invoicing modules offers enterprises of all sizes a strategic advantage in adapting to new technologies and streamlining operations. E-invoicing, the automated creation, exchange, and processing of invoices in a structured digital format, eliminates manual processes, reduces errors, accelerates payment cycles, and enhances financial transparency. Malaysia’s shift towards a digital-first economy has unlocked several benefits through e-invoicing, including streamlined operations, faster payments, cost savings, improved accuracy, compliance, and transparency. These advantages enable businesses to focus on strategic activities, accelerate payment cycles, reduce costs, ensure accurate financial records, and meet tax regulations effortlessly. The Malaysian government, through the Inland Revenue Board of Malaysia, is actively promoting e-invoicing to modernize the tax system and enhance compliance, especially in cross-border transactions. Standardized digital invoices simplify tax processes, reduce fraud risks, and promote international trade. FPT introduces FPT.eInvoice, a solution accredited by tax authorities in Vietnam, to support businesses in Malaysia with seamless integration, compliance, and cost efficiency. FPT is seeking opportunities with local businesses in Malaysia to offer cutting-edge e-invoicing services, ensuring a smooth transition to digital invoicing. #eInvoicing #DigitalTransformation #FPTeInvoice #FinTech #BusinessEfficiency #Compliance #GST

Exciting news for Malaysian Businesses! Utilize the potential of Taxilla's low-code and no-code platform for secure e-invoicing with advanced technology and flexible input options for streamlined finance operations. For more information, visit: https://lnkd.in/gWkniTTp. #einvoice #einvoicesoftware #einvoicemalaysia #malaysiaeinvoice

Starting from 1 August 2024, businesses in Malaysia will gradually implement e-invoice. Numerous factors need to be considered by a business as e-invoicing will involve all types of commercial transactions such as trade, non-trade, revenue, expenses, capital expenditure, cross-border transactions, claims from employees etc. Do you know how e-invoicing affects your business and what changes do you need to make to your current business practices and systems and where do you start in evaluating what changes need to be made? Join us in our webinar to understand more on How Can You Start Preparing For E-invoice Implementation. Date: 28th May2024 (Tuesday), English Session / 29th May 2024 (Wednesday), Mandarin Session Time: 10.00 am – 12.00 pm Venue : ZOOM (Online) Fee : COMPLIMENTARY If you are interested, please click on the link below to register: https://lnkd.in/dvHb5-Sv #shinewingtyteoh #tax #Einvoice

Mark you calendars- The 2nd Edition of much awaited, Beyond Global Malaysia is back - Witness modern age e-Invoicing, tax and compliance Connect with industry leaders, engage with experts, and witness firsthand the transformative solutions that are revolutionizing the way businesses manage their invoicing processes. Discover how digitalization is empowering businesses to streamline invoicing workflows, enhance transparency, and ensure regulatory compliance. Gain insights into the latest trends, best practices, and regulatory frameworks driving the adoption of e-invoicing in Malaysia. https://lnkd.in/gXdqc_jC #Cleartax #einvoicing

🚀 𝐌𝐚𝐥𝐚𝐲𝐬𝐢𝐚’𝐬 𝐄-𝐈𝐧𝐯𝐨𝐢𝐜𝐢𝐧𝐠 𝐌𝐚𝐧𝐝𝐚𝐭𝐞 𝐢𝐬 𝐇𝐞𝐫𝐞 – 𝐀𝐫𝐞 𝐘𝐨𝐮 𝐑𝐞𝐚𝐝𝐲? 🚀 As Malaysia moves toward digitizing its tax infrastructure, the recent mandate for e-invoicing marks a significant leap forward for businesses operating within the country. Starting from June 2024, selected businesses will need to adopt e-invoicing processes, with a phased approach expanding compliance across the board. 𝐖𝐡𝐲 𝐞-𝐈𝐧𝐯𝐨𝐢𝐜𝐢𝐧𝐠? 1. 𝐒𝐭𝐫𝐞𝐚𝐦𝐥𝐢𝐧𝐞𝐝 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 : E-invoicing simplifies the compliance journey, reduces errors, and ensures alignment with tax regulations. 2. 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲 𝐆𝐚𝐢𝐧𝐬:  Automation means fewer manual processes, helping finance teams save time and resources. 3. 𝐑𝐞𝐚𝐥-𝐓𝐢𝐦𝐞 𝐃𝐚𝐭𝐚 𝐕𝐢𝐬𝐢𝐛𝐢𝐥𝐢𝐭𝐲: Instant access to transaction data improves decision-making, audits, and financial planning. At GSTHero, we are proud to support businesses in Malaysia as they prepare for this transition. With robust e-invoicing solutions, we aim to make compliance seamless, efficient, and worry-free. Whether you're looking to understand the regulatory landscape or seeking an easy-to-integrate solution, we're here to guide you every step of the way. 🌐 👉 𝐋𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐡𝐨𝐰 𝐆𝐒𝐓𝐇𝐞𝐫𝐨 𝐜𝐚𝐧 𝐬𝐢𝐦𝐩𝐥𝐢𝐟𝐲 𝐲𝐨𝐮𝐫 𝐞-𝐢𝐧𝐯𝐨𝐢𝐜𝐢𝐧𝐠 𝐧𝐞𝐞𝐝𝐬 𝐢𝐧 𝐌𝐚𝐥𝐚𝐲𝐬𝐢𝐚! #EInvoicing #Malaysia #DigitalTransformation #TaxCompliance #GSTHero #Finance #Automation #BusinessEfficiency

💡 New blog post: The Future of e-Invoicing in Malaysia: Benefits, Challenges, and Implementation Strategies. e-Invoicing is rising in relevance and will soon be the global standard for invoice processing with the world e-Invoicing market size said to have reached 13.5 billion USD in 2023. While leading countries like USA, France, Spain, India, and Australia have adopted electronic invoicing as a standard practice, countries like Malaysia have taken it one step further with last month’s roll out of the mandatory adoption of electronic invoicing. How will this new regulation shape Malaysia’s business landscape? 🔗 Click the link to get the latest e-Invoicing insights 👉 https://lnkd.in/gP5jjYZz #metora #datasciences #dataanalytics #dataanalysis #digitization #digitaltransformation #businesstransformation #finance #einvoicing #einvoicingsolutions #einvoicingmalaysia #regtech #kualalumpur #malaysia