Malaysia Invoicing Features
Malaysia invoicing templates are included in the Southeast Asia Localization SuiteApp, which you must manually install.
The Southeast Asia Localization SuiteApp includes Malaysia invoice and credit note templates. The templates include the minimum information required by the Royal Malaysian Customs Department and prescribed by local business practices when you generate and issue invoices or credit notes to your customers.
An invoice must be issued by a vendor to bill the customer for the sale of taxable goods and services. Non-issuance of an invoice is an offense. Customers can use the issued invoice to claim input tax credit, which is deducted from output tax that their company needs to pay.
A credit note is issued to your customers if there is a change in quantity, amount, tax rate or cancellation of transaction. It's issued in case of returns, to correct an error in quantity, poor or defective quality, or to grant a customer a discount.
If invoices are in foreign currency, the templates indicate amounts in foreign currency and their equivalent amounts converted into Malaysian ringgit (MYR).
For more information about Malaysia invoicing features, read the following topics: