Mastering E-Invoicing, Tax Audit and Investigation

Register here

This two-day training is specifically designed for Finance Managers, Accounting Professionals, Compliance Officers, and Business Owners.

The first day focuses on providing a thorough understanding of E-Invoicing in Malaysia, along with practical steps for its implementation. With E-Invoicing set to be fully enforced by 1 July 2025, now is the time to start preparations to avoid significant penalties. Failure to comply with the regulations could result in fines ranging from RM200 to RM20,000 per transaction, as highlighted in the recent Budget seminar. 

At the end of the first day of training, you will be able to gain the skills to implement, execute, and work with the e-invoicing system, enabling you to seamlessly adapt and integrate e-invoicing into your business operations.

Day-1 Topics Covered:

• Understand the urgency of e-invoicing compliance and the mandate by IRB
• Understand the process of e-invoice issuance, validation, sharing and more
• Get the latest updates and developments on e-invoice
• Understand the scenarios and types of invoices
• Rules on e-Invoicing and requirements
• Understand the proof of income and proof of expense
• Understand the types of invoices, types of models and types of transaction
• Getting ready for e-invoice implementation
• Discuss gap assessment analysis on e-invoicing
• Q & A

On the second day, the training will delve into the latest developments in income tax audits and investigations. The Inland Revenue Board (IRB) has recently intensified its efforts in tax audits and back-duty investigations, forming collaborations with other government agencies and initiating various tax collection operations.

Many companies have received additional assessment notices, with some amounts reaching hundreds of millions of Ringgit. Moreover, some individuals have been placed on travel ban lists, preventing them from leaving the country as planned. This module will provide participants with the knowledge and strategies to effectively manage and navigate tax audits and investigations.

By the end of the second day of training, you will have an in-depth understanding of tax audits and investigations, enabling you to manage and navigate them effectively.

Day-2 Topics covered:

• The tax audit and tax investigation framework
• How does the IRB select the file for a tax audit?
• What can trigger an audit or investigation?
• Risk areas for taxpayers
• Update of Latest Developments on Tax Audit and Investigations
• How to prepare for tax audit and investigation
• The negotiation process and how to settle the case amicably and in a reconciliatory manner to avoid the long costly process of litigation in the Courts
• Case studies – learning from others

Facilitator: Ms Yong Mei Sim (35 years of experience at the IRB Malaysia, specialising in Malaysian taxation)

Introducing Ms. Yong Mei Sim, an expert trainer in tax matters. Renowned for her ability to provide not just the latest updates but also actionable advice and deep insights, Ms. Yong brings a wealth of experience to every session. With a Master’s Degree in Taxation from Golden Gate University, San Francisco, her extensive career includes key roles such as Senior Assistant Director of Inland Revenue in Bukit Mertajam, Penang, and Field Audit Manager for both individual and corporate sectors. 

Don’t miss the opportunity to learn from one of the best in the field!

Feel free to contact HL Training Services at 6019-2100667 or email corporatetraininghl@gmail.com should you require more information.

Best regards,

Management

HL Training Services