Is your Business Ready for E-Invoicing?
The Inland Revenue Board of Malaysia (LHDN) will gradually introduce country-wide mandatory electronic invoicing in Malaysia that will cover B2G, B2B, and B2C transactions. This initiative by LHDN marks a significant step towards digitization and modernization of the invoicing process in the country. The Malaysian Digital Economy Corporation (MDEC), serving as an established Peppol Authority, will introduce Peppol e-invoicing for all businesses across the country from August 2024 to July 2025.
Implementation Timeline
Benefits of E-Invoicing
This requirement will not only streamline financial processes but also enhance transparency and efficiency. Businesses and consumers alike will benefit from the ease of electronic invoicing, reducing paperwork and facilitating faster transactions. This move aligns Malaysia with global trends in digital transformation and sets the stage for a more seamless and interconnected economic landscape.
Reduce Manual
Efforts & Errors
Unifying invoicing processes through submission of transaction documents & data electronically
Facilitate Efficient
Tax Filing
Seamless system integration for efficient and accurate tax reporting
Streamline Operational Efficiency
Enhanced efficiency, and significant time and cost savings
Digitalise Tax and Financial Reporting
Aligns financial reporting and processes to be digitalized with industry standards
Why SESAMi?
1
1,500,000,000
E-Invoice Transactions
Largest access point provider in Singapore
2
14,000
Registered Companies
With SESAMi as an access point
3
>500
Government Agencies
Currently using SESAMi as an access point provider
Join the SESAMi Community
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What is InvoiceNow?InvoiceNow is the brand name of Peppol used by the Singapore Government to standardise the e-invoicing format across the nation. It allows invoice transmission in a standardised format, resulting in faster payment and reduced human errors.
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What is Peppol?Peppol stands for Pan-European Public Procurement On-Line, which is a framework to send and receive e-invoices. Peppol was created by the organisation OpenPeppol to standardise the exchange of common procurement documents such as eOrders and eInvoices.
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Why should I use InvoiceNow?The Infocomm Media Development Authority (IMDA) encourages businesses to make InvoiceNow their primary method for transactions. By using InvoiceNow, you can benefit from streamlined processes, reduction of manual labour, and the ability to transact internationally. In April 2024, the Inland Revenue Authority of Singapore (IRAS) announced its phased adoption plan of InvoiceNow. GST-registered businesses will be required to transmit invoice data to IRAS using InvoiceNow solutions via the InvoiceNow network. You may find more information here.
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I am currently using SESAMi’s e-Invoicing services for other buyers (Enterprise buyers e.g. CAG, SIA, PCF), will this affect the buyers' invoicing process?No, this will not affect your invoicing process to the buyer. You may use InvoiceNow to transact with government agencies or other businesses on the InvoiceNow network.
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How do I authenticate with my account with CorpPass?You will receive a CorpPass authorisation email from SGNIC support with an authorisation link. After logging in to CorpPass via this link, you will be prompted to select your company UEN registering for InvoiceNow. A confirmation email will be sent to you upon successful registration.
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I am not a CorpPass user for my company, how should I proceed?You may provide us with the authorised person’s contact name, number, and email for us to follow up directly.
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Are there any grants available for InvoiceNow?IMDA has introduced several incentives, including grants, to accelerate adoption so that businesses on the network can receive more benefits. You may find more information here.
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How can I learn more about API Integration for InvoiceNow?Please email InvoiceNow@sesami.com for advice tailored to your business needs.
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I do not wish to use InvoiceNow, how do I de-register my company?If you do not wish to use InvoiceNow via SESAMi, please email InvoiceNow@sesami.com with the following information: Please assist with de-registering our company’s InvoiceNow registration under SESAMi. Company name: UEN:
Get in touch!
SESAMi provides solutions to optimise your invoicing processes and comply with the latest requirements set by LHDN. Our solution enables automated invoice generation, approval, and submission to tax authorities.
+6016-233 8740 (Kelly)
+6016-456 2599 (Hazim)