- The Malaysian Government has published PINT BIS Malaysia Billing process 1.0, which implements the Peppol International Model for Billing in Malaysia.
- The specification incorporates localizations to comply with Malaysia’s business and tax requirements, specifically the use of Sales and Service Tax (SST) instead of Value Added Tax (VAT).
- The document focuses on the use of invoice and credit note messages in Peppol, aiming to improve efficiency and electronic collaboration in the billing process.
- It covers various invoice processes and functionalities, including accounting, verification, auditing, tax reporting, and payment. However, it excludes support for inventory management, delivery processes, customs clearance, marketing, and reporting.
- The document includes specific requirements for Malaysian taxpayers, such as mandatory tax details, coding of Malaysian tax categories, conditions for exempt and standard-rated invoices, and the inclusion of registration and identification numbers. It also emphasizes the use of MYR as the currency code when applicable.
Source SNI
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