Anusaar is Lenorasoft's comprehensive e-invoicing solution designed to help Malaysian taxpayers comply with the several tax regulations and requirements as outlined by the Inland Revenue Board of Malaysia (IRBM).
According to sn no.16, in the IRBM e-Invoice Specific Guidelines (version 3.1, published October 4, 2024), the Malaysian government has implemented a six-month interim relaxation period for each phase of mandatory e-invoicing, requiring taxpayers to transition to issuing consolidated monthly e-Invoices for all transactions—B2B, B2C, and self-billed.
| No. | Targeted tax payer | Interim relaxation period |
|---|---|---|
| 1 | Annual turnover or revenue > 100 million | 1 August 2024 to 31 January 2025 |
| 2 | Annual turnover or revenue > 25 million an up to RM 100 million | 1 January 2025 to 30 June 2025 |
| 3 | All other tax payers | 1 July 2025 to 31 December 2025 |
Reference taken from table 16.1 (IRBM e-Invoice Specific Guidelines (version 3.1, published October 4, 2024))
Anusaar by Lenorasoft simplifies this process by supporting invoice consolidation and offering robust features for compliance.
During this period, individual invoices are on hold, and are allowed to generate a consolidated e-invoice. Taxpayers have flexibility to input any details in the “description of product or service” field.
In other words, taxpayers are not restricted to input the receipt/ statement / bill reference numbers as required under Section 3 and 4 of this e-Invoice Specific Guideline.
However, consolidating transactions can create some challenges.
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Consolidated invoicing can lead to missing individual transaction records, increasing the risk of audit discrepancies and data loss. Anusaar addresses this by providing secure long-term record-keeping, backup and archival, ensuring seamless audit reconciliation and compliance.
Example: A wholesale supplier processes 500 transactions in a day. Instead of recording each transaction separately, the supplier consolidates them into a single daily invoice totaling RM50,000. However, during an audit, authorities have raised a requirement to present all 500 transactions.
Using Anusaar, the supplier can maintain detailed, secure records for all 500 transactions while still generating consolidated reports and will be able to present the records to the authorities as and when requested.
- Additionally, our system organizes and stores invoice data systematically, ensuring continuity and allowing new personnel to quickly understand and manage the information, facilitating seamless team transitions between resources ensuring zero dependency on manual intervention.
- Anusaar makes month-end invoice consolidation easy by automating the process directly from your ERP system. Instead of manually picking and creating consolidated invoices, Lenorasoft’s experts set up smart workflows to do it for you. This automation ensures accurate data is sent to Anusaar, saving you time and effort during busy month-end periods.
Stay compliant and efficient with Anusaar’s comprehensive e-invoicing solutions.