E-Invoicing Software

  The Inland Revenue Board of Malaysia ( LHDN ) has released a detailed document made explicitly for the aviation sector. This document, in the form of an FAQ is designed to provide guidance and explain various business scenarios, along with providing practical advice to help aviation-related businesses in Malaysia. Thereby, enabling them to adhere with the Malaysian e-invoicing regulatory requirements. 1. Issuing e-Invoices for Flight Tickets and Private Air Charter services The sale of flight tickets and private air charter services, make it mandatory for an e-invoice to be issued. This condition comes with certain requirements depending on the type of airline operator, explained as below: Local Airline Operators:  All local airline operators are bound to issue e-invoices for all flight tickets and services. This is irrespective of where the sale occurs. Foreign Airline Operators:  All foreign airline operators are bound to issue e-invoices only when the point of sale i...

  The Inland Revenue Board of Malaysia (LHDN) has released an inclusive document made for the e-invoicing in insurance sector. This document, in the form of an FAQ answers common concerns regarding general topics such as consolidated e-invoices , annual premium statements, handling policyholder requests. It also includes underwriting and subscriptions, claims and benefits payment, payments to agents, dealers, distributors and inter-fund charges. A. General Issuing of Consolidated E-Invoices for Certain Transactions: Insurance companies can grant consolidated e-invoices for revenue from policyholders who do not require individual e-invoices. This method simplifies reporting and ensures compliance The consolidated e-invoices must be in compliance with the rules mentioned in section 3.6 of the e-invoice specific guideline released by  IRBM . Role of Annual Premium Statements for Consolidated E-Invoices : Annual premium statements can be used for consolidated e-invoices if the po...