Articles

Ready to Rock e-invoicing? Your Step-by-Step Guide to Create e-Invoices via MyInvois Portal is Finally Here!

What is MyTax and MyInvois Portal Testing Environment? The MyTax and MyInvois Portal Testing Environments are crucial tools for taxpayers looking to familiarize themselves with Malaysia’s digital tax systems without affecting their actual data. The MyTax Portal Testing Environment provides a safe space to explore the features and functionalities of…
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Ways to Reduce Your Personal Income Tax

The tax filing season can be a stressful time for individual taxpayers, and the common objective among taxpayers often revolves around reducing income tax burdens and ultimately paying less income tax. However, many taxpayers often lack awareness of updates and changes to tax reliefs, resulting in missed chances for potential…
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Self-Billed E-Invoice

The government has introduced self-billed e-invoices as part of its e-invoicing system. Self-billed e-invoices redefine the roles of suppliers and buyers in the e-invoicing process. It revolutionizes the conventional e-invoicing process by allowing buyers to take on the role of suppliers, issuing e-invoices on behalf of the suppliers. This article…
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Simplify Invoicing Process: The Importance of Consolidated e-Invoices

When stepping into the e-invoicing era, businesses must familiarise themselves with various types of e-invoices and understand which types of transactions or situations call for which types of e-invoices. There are several types of e-invoices available, such as normal e-invoices and consolidated e-invoices. Businesses must be able to identify and…
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9 Steps Guide for E-Invoicing

How to manage e-invoicing in the MyInvois portal effectively? In the era of e-invoicing, there is a transformative shift in how invoices are created, shared, and stored. Whether as a business entity or an individual taxpayer, it is crucial to ensure a successful transition to e-invoicing. There were two mechanisms…
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Top 10 Frequently Asked Questions (FAQs) for E-Invoicing

What are you concerned about e-invoicing? To support the growth of the digital economy, the government has decided to make e-invoicing mandatory for all taxpayers. The introduction of e-invoicing in Malaysia could give rise to several hassles and challenges for taxpayers. This article addresses 10 frequently asked questions (FAQs) and…
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Tax Implications of Entertainment Expenses

Entertainment expenses are a common topic of inquiry from clients, relatives, and acquaintances, each seeking clarity on their tax treatment. This article aims to address two frequently asked questions and delve into the intricacies of the tax treatment of entertainment expenditures. Question 1: Is Ang Pow an Entertainment Expense One…
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Understanding Imported Service Tax in Malaysia

Introduction: With effect from 1st January 2019, taxable service acquired by any person in Malaysia from any person who is outside Malaysia for the purpose of business will be subject to 6% imported service tax. This will include taxable services acquired by person not registered under sales and service tax.…
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