MNG E-Invoice
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What is InvoiceNow?​
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Invoice Now is a nationwide E-invoicing method operating on the open standard PEPPOL network that facilitates the direct transmission of invoices in a structured digital format across finance systems.
PEPPOL is a standard established for trading partners to exchange invoices or credit memos (e-Invoice) over a common computer network, hereby known as PEPPOL network.
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Watch the video to get an idea of how e-invoicing can help you.
IMDA has launched the nationwide Pan-European Public Procurement Online (Peppol) e-invoicing network on 9 January 2019 with certified Access Points and Solution Providers offering services to assist businesses increase productivity, reduce cost, minimize data errors, get payments on time and ultimately build a strong foundation for digitalization.
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For more information on Singapore's Nationwide e-Invoicing Framework, please visit IMDA's official website.
Get onboard IMDA's Nationwide E-invoicing Framework with MNG!
Letter of Authorisation for Registration of PEPPOL Identity and Transmission/routing of E-invoices"
​Electronic invoicing, also referred to as e-invoicing, is gaining widespread acceptance globally, and Malaysia is actively embracing this digital transformation.
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In Malaysia, e-invoicing is a key component of the government's efforts to encourage businesses to adopt digital practices and move towards a paperless operational environment. It involves electronically billing clients for goods or services, typically using email or other electronic channels.
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A significant advantage of e-invoicing in Malaysia is its alignment with the country's digital tax monitoring objectives. With the introduction of the Sales and Service Tax (SST) by the Malaysia Royal Customs Department in 2018, e-invoicing provides businesses with a streamlined approach to calculate, track, and promptly settle this tax in real-time.
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As part of its strategy, Malaysia aims to enforce a mandatory e-invoicing system for all taxpayers, irrespective of their sales turnover, starting in July 2025. The implementation will be gradual, commencing in August 2024 for taxpayers with an annual turnover of MYR 100 million or more.
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To facilitate the transition, the Malaysian Inland Revenue Board (IRB) has devised two mechanisms for taxpayers to submit their e-invoices to the IRB:
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MyInvois Portal: This is a user-friendly web-based portal that enables taxpayers to manually create and submit e-invoices, either individually or in batches.
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API Integration: Taxpayers have the option to integrate their e-invoicing systems with the IRB's system, automating the transmission of e-invoices.
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Taxpayers can choose the mechanism that aligns with their business requirements, providing flexibility in compliance with the upcoming e-invoicing regulations.
Get Paid Faster
Accelerate payment cycles for both buyers and suppliers through universal e-invoicing standards and immediate delivery, ensuring swift validation, processing, and payment time.
Improve Efficiency
Eliminates manual data entry, reducing errors and speeding up processing times. This streamlines resource allocation, enabling seamless and accurate invoice transactions without the need for manual data entry or paper handling.
Reduced Cost
Apart from reducing costs by cutting down on printing, mailing and storing of invoices, e-invoice also contributes to the GoGreen initiative of improving climate issues.
Transact Internationally Seamlessly
Simplify e-invoice transactions using IMDA standards within the InvoiceNow network, ensuring effortless communication with local and international businesses.