Malaysia Peppol-Ready Solution Provider Functions
Peppol-Ready Solution Providers (PRSP) are companies that provides Enterprise Resource Planning (ERP) system, Accounting Software, or platforms that offers e-invoices functionality with the capability of sending and receiving e-invoices within the Peppol Network.
Accreditation Eligibility Criteria
General Criteria
Mandatory Criteria
- Company registration
- The company is incorporated in Malaysia under the Companies Act 1965 or Companies Act 2016; or registered in other country.
- Minimum paid-up capital of at least RM50,000 or equivalent.
- The company is incorporated in Malaysia under the Companies Act 1965 or Companies Act 2016; or registered in other country.
- The company or its parent company is in operation for at least one (1) year as of the date of submission.
- The company is not the subject of liquidation/ winding up/ dissolution order.
- The company is not under any legal proceeding for criminal offences under any applicable laws or liquidation/ winding up/ dissolution.
- The company is not blacklisted by any Malaysian authority or MDEC.
Accreditation Process
Submit your interest to MDEC as Malaysia Peppol Authority (PA)
Submit PRSP Accreditation Form
Due Diligence assessment by Malaysia PA
Complete Solution Demo
Obtain confirmation of Accreditation. Accredited PRSP’s details added to E-Invoicing Community pages
Submit your interest to MDEC as Malaysia Peppol Authority (PA)
Submit PRSP Accreditation Form
Complete Solution Demo
Due Diligence assessment by Malaysia PA
Obtain confirmation of Accreditation. Accredited PRSP’s details added to E-Invoicing Community pages
Refer to the detailed process of Onboarding and Accreditation of Peppol-Ready Solution Providers HERE
REGISTER NOW!
Interested to become Peppol-Ready Solution Providers (PRSP)?
REGISTER NOW!
Interested to become Peppol-Ready Solution Providers (PRSP)?
REGISTER NOW!
Interested to become Peppol-Ready Solution Providers (PRSP)?
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]