Overview of the e-Invoice Model

April 17, 2024 by
Overview of the e-Invoice Model

To facilitate transition to e-Invoice, taxpayers can select the most suitable mechanism to transmit e-Invoices to IRBM, based on their business requirements and specific situation.

There are two (2) options for the e-Invoice transmission mechanisms for taxpayers selection:

  1. MyInvois Portal
    • A portal hosted by IRBM
    • Accessible to all taxpayers at no cost
    • Also accessible to taxpayers who need to issue e-Invoice where Application Programming Interface (API) connection is unavailable

  2. Application Programming Interface (API)
    • An API is a set of programming code that enables direct data transmission between the taxpayers’ system and MyInvois system
    • Requires upfront investment in technology and adjustments to taxpayers existing systems
    • Ideal for large taxpayers or businesses with substantial transaction volumes

The figure below demonstrates an overview of the e-Invoice workflow from the point a sale is made or transaction is undertaken, and an e-Invoice is issued by the supplier via MyInvois Portal or API, up to the point of storing validated e-Invoices on IRBM’s database for taxpayers to view their respective historical e-Invoices.

Benefits of e-Invoice

The implementation of e-Invoice not only provides seamless experience to taxpayers, but it also improves business efficiency and increases tax compliance. Overall benefits include: