ONESOURCE E-Invoicing

Unlock precision with ONESOURCE e-invoicing solution for smarter reporting Introducing ONESOURCE e-invoicing – a compliant, electronic invoicing solution, purpose-built for VAT in the Malaysia

Streamline invoice compliance effortlessly and accurately with ONESOURCE e-invoicing

E-Invoicing & real-time reporting will help in enhancing accuracy of VAT filings of Taxpayers, but not directly influence calculations, improving accuracy to help prevent fraud and tax evasion. Unfortunately, global standardization of e-invoicing is yet to be established which forces global companies to adapt to different filing requirements and technical protocol for each country, which creates complexity and increase compliance costs. Furthermore, CTC rules demand tax reporting in real-time, or close to it, so MNCs must have systems in place that can meet all E-invoicing/CTC requirements in multiple countries simultaneously. Recognizing this complexity, Thomson Reuters brings to you a centralized platform designed to streamline electronic invoicing management for multinational businesses who are being mandated to comply with e-invoicing regulations around the world.

Starting from 1st August 2024, businesses in Malaysia with an annual turnover of RM100 million and above will be required to adopt e-Invoice for tax compliance. The mandatory implementation of e-Invoice will extend to all businesses from 1st July 2025.

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What you get with ONESOURCE e-invoicing

Centralized control

E-invoicing compliance supported across networks and borders, managed within a single platform.

Reduced cost

Lower implementation costs, effort, and ongoing maintenance with pre-built integrations for common ERP systems, in addition to other direct API integrations.

Simplified data management

Economies of scale across countries with universal data mapping.

Time savings

Maximized invoice flow supporting a faster time to payment, with automated e-invoice validation and data enrichment.

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E-invoicing powered by Pagero

We have been able to fulfil our invoicing-related tax and legal requirements in all 29 countries … we have eliminated the risk of invoice errors. Overall, the invoice turnaround time has been reduced tremendously – within a few hours or even minutes.

One of the world’s leading technology companies that implemented e-invoicing solutions with Pagero

Useful resources to help you make informed decisions

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ONESOURCE e-invoicing

Whitepaper

ONESOURCE e-invoicing Whitepaper

Read more how you can solve complex indirect tax challenges for global organizations

Business blog

E-invoicing basics for compliance professionals

Learn what e-invoicing/CTC is, how it works, why it is gaining popularity, what technology and compliance challenges e-invoicing presents to corporate tax, finance, and IT teams, and share some best practices for doing business in an e-invoicing/CTC regime.

Business blog

How to satisfy e-invoicing compliance requirements?

As governments around the world require digitalised methods for E-invoicing and real-time monitoring and reporting of business transactions, global multinational corporations (MNCs) need technologies that can help them manage data-intensive processes that demand speed, accuracy, and transparency all at once.

Business blog

E-invoicing and tax compliance in an increasingly complex, ever-changing world

Learn how the rapid pace of change in global regulations and reporting requirements is increasing the importance of tax compliance.

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