Simplifying Healthcare Transactions with CHEQ E-Invoicing Hub

CHEQ E-Invoicing Hub represents a transformative leap forward in seamless electronic invoice exchange between supplier and buyers, leveraging digitalization to streamline tax compliance and business operations, save time and resources through enhanced data security and accuracy.

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Do You Know?

In March 2023, the Inland Revenue Board of Malaysia (IRBM) mandated that all Malaysian enterprises issue e-invoices for B2B, B2G, and B2C transactions.

An e-invoice is a digital record of a transaction between a buyer and a seller that takes place in real time via a government portal for record-keeping and authentication.

Failure to adhere to e-invoicing rules and legislation may result in a fine of not less than RM 200 and not more than RM 20,000, or imprisonment for up to 6 months, or both.

Benefits of E-Invoicing

By centralizing a paperless E-Invoicing, it catalyzes a new era of connectivity in business transactions for supplier, buyers and Inland Revenue Board. The CHEQ E-Invoicing Hub is specially designed for near real-time compliance with transactional requirements for B2B, B2C and B2G transactions, guaranteeing accuracy and efficiency.

Streamlining Tax Compliance

Easier to comply with tax regulations and demonstrate proper record-keeping

Increase Business Efficiency

Elimination of manual data entry and paper handling leads to shorter processes, minimize errors and reduce overall financial cost

Enhance Security

E-Invoicing offers enhanced security with encryption, reducing the risk of fraudulent bills and protect sensitive information

Ease Cross Border Transactions

Streamlined E-Invoicing information can also help improve cross border data exchange on business transactions

Greener for Business

Reducing paper-based invoicing reduces carbon footprint, requires lesser energy and physical space

How It Works

Suppliers integrate with the CHEQ E-Invoicing Hub.

Invoices are validated by the Inland Revenue Board (LHDN) through automated APIs.

Return validated e-Invoice information to Supplier’s system

Supplier is obliged to generate and share the validated e-Invoice with the buyer with the QR Code

Check historical information via LHDN MyInvois Portal

Other Relevant Information

  • Self-Billed Invoices: When buyers need to issue invoices on behalf of the supplier, they submit self-billed e-Invoices directly to LHDN for validation.
  • Consolidated Invoices: For businesses that do not require individual invoices, suppliers can submit a consolidated invoice for validation and proof of income.

Stay ahead of new legislation and avoid costly penalties. Failure to submit or validate invoices can result in fines up to RM 20,000 or imprisonment. Our platform ensures compliance with Malaysia’s latest invoicing standards.

The Malaysian government is offering tax deductions of up to RM 50,000 for businesses that adopt e-Invoicing as part of their Environmental, Social, and Governance (ESG) efforts. This incentive applies from 2024 to 2027, making now the perfect time to make the switch.

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