19th March 2024
 

Working Group Established for implementation of Malaysia e-Invoice (Electronic Invoicing System)

~Supporting Japanese companies in Malaysia to adopt the e-invoicing system~

Bridge International Asia Sdn Bhd (hereafter referred to as "Bridge"), a general marketing company based near Kuala Lumpur, the capital of Malaysia, as a subsidiary of Bridge International Corporation (Head Office: Setagaya-ku, Tokyo; President: Yusho Yoshida), Bridge International Asia Sdn Bhd ("Bridge"), a comprehensive marketing company based near Kuala Lumpur, Malaysia, will establish an e-Invoicing Working Group on April 17, 2024 to provide comprehensive support for Japanese companies operating in Malaysia to comply with the e-Invoicing e-Invoicing system.
 

In Malaysia, the electronic invoice system (e-Invoice) will be gradually introduced in August 2024, and all Malaysian companies are required to fully implement the system by July 1, 2025.

The e-Invoice is a digital proof of transaction between a seller and a buyer, and will replace the traditional paper or electronic invoices, credit notes, and debit notes. Each company needs to confirm the timing of its own implementation and establish a roadmap for e-Invoice e-invoicing, including the establishment of a system to support it.

The e-Invoicing Working Group will be managed by an accounting consulting firm, a system company, and a sponsor company with expertise in the field, and will continuously share information on e-Invoicing with the Malaysian Inland Revenue Board (IRB) and related organizations over a period of 12 months from April 2024 to March 2025. Based on the information to be released, information will be shared on an ongoing basis for Japanese companies in Malaysia to apply for e-Invoice.

 

Outline of the e-Invoicing Working Group

Objective

• Working group to share information in order to support Malaysia's e-Invoice, which will be gradually introduced from August 2024.

 • Participating companies (Japanese companies) will be recruited from CONNECTION members, and participants will be able to interact with each other.

Operation Procedures

• Regular monthly meetings

• Regular monthly meetings (12 in total) will be held in the form of online meetings

• A recording of the event will be made available for those who were not present.

Operational period

From April 17, 2024 to March 31, 2025

Regular Meeting Schedule     

The first regular meeting will be held on April 17, 2024

14:00-15:00 (Malaysia time)

 Thereafter, the meeting will be held on the 3rd Wednesday of every month from 14:00 to 15:00 (Malaysian time)

Contents

• Accounting consulting firm provides information on e-Invoice

• Support participants in creating their own e-Invoice roadmap

• Advice from system companies, case study sharing among participating companies

Registration fee

Admission fee:RM500

Monthly membership fee:RM200×12Times

 (*SST 8% is required separately.)

Number of companies

Up to 20 companies

Managing company

Bridge International Asia Sdn Bhd

 

e-Invoicing Working Group Management Company

Accounting consulting firm:

Grant Thornton Malaysia PLT

ELAST PARTNERS SDN. BHD.

Facilitator and systems company:

BRIDGE International Asia Sdn Bhd

Sponsor Company:

Multibook Limited

Fast Accounting Co., Ltd.

 

The wave of Digital Transformation in the corporate sales sector is spreading to countries around the world, and the markets surrounding the "Inside Sales Business" and "Digital Marketing Business" are rapidly expanding in the ASEAN region in recent years. Bridge will further strengthen its service offerings to companies entering the ASEAN region from Japan and multinational companies expanding their business in Malaysia and the rest of Asia/ASEAN. 

Webinar to be held on Thursday, March 21, 2024
In preparation for the establishment of the "e-Invoicing Working Group", a webinar will be held on Thursday, March 21, 2024.
Title: "Toward the Introduction of Malaysia's e-Invoicing System
Date: Thursday, March 21, 2024
  14:00-15:00 (Malaysia time)
  15:00-16:00 (Japan time)
Participation fee: Free of charge
Announcement website:
If you wish to attend the webinar, please register at the CONNECTION site.
https://connection.com.my/bizevent-0321/

What is CONNECTION?
CONNECTION is the largest Japanese business community in Malaysia, providing comprehensive support from business entry to business development. We provide one-stop services such as market research, webinars, and introduction of experts for your business in Malaysia. https://connection.com.my/ Number of registered members: 2,242 (as of March 15, 2024)
 

■About Bridge International Asia Sdn. Bhd.

BRIDGE International Asia Sdn. Bhd. was established in 2014 as a local Malaysian subsidiary and is a full-service marketing company that acts as a bridge between Japan and Malaysia to help client companies expand their business in Southeast Asia.
We provide a one-stop service of various professional services to promote our clients' overseas business by leveraging our expertise and abundant experience in market research, strategic planning, business model development, and resources to execute sales and marketing activities overseas before entering into overseas markets.

Company name: Bridge International Asia Sdn. Bhd. 
Registration Number: 201401012326 (1088406-U)
Founded: April 9, 2014
Address: B-8-02, Capital 2, Oasis Square, No. 2, Jalan PJU 1A / 7A,
Oasis Damansara, 47301 Petaling Jaya, Selangor, Malaysia
Representative: Shingo Abe, Managing Director, and CEO
Web: https://bridge-i.asia/
Media: https://connection.com.my/
Business content: Malaysia-based comprehensive IT service provider

  • Business consulting
  • Digital marketing
  • Inside Sales/ BPO
  • System Solutions
  -------------------------------------------------
Bridge International Asia Sdn. Bhd.
Person in charge: Shingo Abe (Supported languages: Japanese / English)
TEL:+60 18-387-5096
MAIL:support@bridge-i.asia

 

■About Bridge International Inc.

Bridge International International Inc. has a mission to "Propose new value, continue to create success, and be a bridge to the future", and operates "Inside Sales Outsourcing Business", "C&S (Consulting & System Solution Service) Business", and "Training Business" to support dynamic change and growth of companies. We are developing "Inside Sales Outsourcing Business", "C&S (Consulting & System Solution Service) Business", and "Training Business" to support dynamic change and growth of companies.
With Bridge International Asia as our base in Malaysia, we will provide various support services to help our Japanese clients grow their business and create new value in the ASEAN region.

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