INTRODUCTION
Upcoming and Past events related to National E-Invoicing Initiative.
Upcoming Events
Join us for these insightful sessions for e-Invoicing.
EVENT by the National E-Invoicing Initiative
No upcoming event
No upcoming event
Satellite Event List
Past Events
Join us for these insightful sessions for e-Invoicing.
EVENT by the National E-Invoicing Initiative
Satellite Event List
Frequently Asked Questions
MDEC plans to have an interoperable E-Invoicing framework in place by early 2024. Technical guidelines suited to local requirements target to be ready by end of 2023 and will be published on MDEC website.
This initiative aims to introduce an interoperable E-Invoicing framework that will standardise the specifications and message formats for the transmission of electronic invoices between various accounting software/ERP systems. This will enable the sending of e-invoices without the need for direct integration, irrespective of the software/hardware used, similar to how credit cards or telco networks operate.
The Peppol E-Invoicing framework is considered to be the most suitable for implementation in Malaysia due to its maturity, interoperability, and well-governed standards. It is also the most widely used E-Invoicing framework globally, adopted by more than 20 countries (refer to country list HERE)
Peppol consists of technical specifications that can be implemented in any existing eProcurement solutions or Enterprise Resources Planning (ERP) systems to make them interoperable between disparate systems across countries.
Peppol is not a portal or a provider of exchange services; it is an enabler. Any organisation can send and receive business documents across the Peppol Network via their chosen Peppol-accredited Service Provider.
The function of a Peppol Authority is to manage the implementation of the Peppol framework in a particular country. This includes localising the Peppol standards to suit local requirements and to accrediting service providers that adhere to the Peppol standards. MDEC functions as the Peppol Authority for Malaysia.
MDEC is undertaking the implementation of interoperable e-invoicing for business digitalisation, aiming to facilitate the seamless exchange of e-invoices among businesses (B2B). This is achieved through the implementation of Peppol e-Invoicing framework, for which MDEC functions as the Peppol Authority for Malaysia. LHDNM is responsible for e-invoicing for tax reporting and compliance. MDEC and LHDNM are working together to implement e-Invoicing in Malaysia.
According to LHDNM's website, businesses with an annual turnover of RM100 million and above will be mandated to implement e-Invoice for tax compliance on 1st August 2024. The implementation of e-Invoice will be mandatory for all businesses on 1st July 2025. For the latest information on e-Invoicing for tax reporting and compliance, please click here.
To be part of the initiative, a service provider must meet certain criteria as part of an accreditation process by MDEC. To learn more about the criteria, kindly reach out to us at [email protected]
You should not be required to replace your current systems. This initiative aims to standardise the specification and message format used for the transmission/exchange of e-invoices between different accounting software/ERP systems. The standardisation of the e-Invoice format is technically configured in your accounting software by your service provider. Consult your accounting service provider to determine whether they can/will support the Peppol framework. If you would like to know more details, you may reach out to us at [email protected]