Every business in Malaysia will get covered through this 3-phased implementation timeline.
August 1, 2024
Phase 1
Revenue or Turnover of more than RM100 million
January 1, 2025
Phase 2
Revenue > RM25 million and up to RM100 million
July 1, 2025
Phase 3
All other entities not included in first 2 phases
SPAR is an International retail-store group of independently owned and operated retailers and wholesalers with more than 13,900 stores in over 48 countries, meeting the needs of over 14.7 million+ consumers every day.
Challenge
The challenge presents itself in the form of 200+ offline Point of Sale devices requiring seamless adaptation for real-time e-invoice generation and scheduled reporting to the tax authority. Addressing this necessitates a tailored solution harmonizing with existing infrastructure, ensuring regulatory compliance, and optimizing operational efficacy.
Solution
The solution entailed installing Portable Executables (PEs) on each device to enable e-invoice generation and subsequent pooling for reporting purposes. This approach facilitated seamless coordination and consolidation of e-invoices, ensuring efficient and accurate reporting to the tax authorities.
Module Implemented
Complying with global e-invoicing mandates while retaining the existing infrastructure is remarkably smooth while using the Global E-Invoicing Module from Flick.
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Let's discuss how we can help you comply with mandates happening in Malaysia right now.