June 20, 2024
In recent years, Malaysia has experienced a significant digital transformation across various industries, including finance. The adoption of electronic invoicing (e-invoicing) represents a major advancement in modernizing business transactions, enhancing efficiency, and meeting regulatory requirements. The Lembaga Hasil Dalam Negeri (LHDN), also known as the Inland Revenue Board of Malaysia (IRBM), has been instrumental in
May 6, 2024
By planning the well-organized introduction of e-invoicing, Malaysia has put itself among the many highly compliant countries in the world. However, this is not an uncommon event. The rise of e-invoice implementation has increased quite significantly in the last few years.More and more countries are recognizing the legal, financial, and operational benefits of making e-invoicing
May 6, 2024
With the finalization of implementation for e-invoicing, Malaysia is now months away from digitizing, automating, and streamlining the time-consuming process of traditional invoicing. It will allow the country to join the ranks of countries like Japan, India, the US, and Australia.By replacing paper with digital, e-invoicing in Malaysia will enable businesses to increase data security,
May 6, 2024
The Inland Revenue Board Malaysia (IRBM), which in Malay, is known and pronounced as the Lembaga Hasil Dalam Negeri Malaysia (LHDN), is the Malaysian tax authority currently under the spotlight due to its highly compliant e-invoicing in Malaysia initiative.The IRBM is at the helm of managing the complex systems of taxation in Malaysia, including responsibilities
January 23, 2024
In the last few years, GST Compliance standards have become more fortified than ever before, powered by factors like the introduction of e-invoices, Automation in GST, and changing GST regulations. Businesses unable to keep up with these changes have faced consequences, like a penalty for late filing of GSTR-3B, legal actions for delay in GST
September 4, 2023
In the ever-evolving landscape of information technology, data security is of utmost importance, especially when it comes to sensitive information and financial transactions. Recognizing this, the e-Waybill/e-Invoice System has recently introduced a significant security enhancement known as ‘2-Factor Authentication (2FA)’. This article aims to provide a comprehensive understanding of 2FA and its implementation in the e-Waybill