Discover how Malaysia PINT Specifications simplify e-invoicing by aligning with global Peppol PINT standards. Learn about its features, compliance, and local adaptations.
In today’s globalized world, businesses require a seamless way to exchange electronic invoices across borders. The world of e-invoicing is evolving rapidly, and Malaysia is no exception. As part of the National e-Invoicing Initiative, Malaysia has adopted the Peppol International Invoice (PINT) specifications to ensure a seamless and interoperable exchange of invoices across borders. In this blog, we'll break down the key aspects of Malaysia PINT Specifications, making it easy to understand how it works and why it matters for your business.
Peppol International Invoice (PINT) is a global specification designed to facilitate the exchange of invoices within the Peppol Network. It builds upon the Peppol BIS Billing 3.0 specification, ensuring compliance with the EN 16931 standard and fostering interoperability between countries. In simple terms, PINT makes it easier for businesses to send and receive invoices across borders without worrying about compatibility issues.
To make PINT work for everyone, it’s organized into three layers:
To ensure that the PINT specification meets Malaysia's business and tax requirements, it has been localized into what is known as MY PINT. This localization allows Malaysian businesses to exchange e-Invoices seamlessly via the Peppol network. MY PINT is aligned with the country's regulatory needs, making it easy to comply with local tax laws while benefiting from a global framework.
You can view the detailed Peppol MY PINT BIS document on the OpenPeppol website.
A crucial part of the Peppol network is the Malaysia Peppol ID. This unique identifier allows companies and organizations within Malaysia to receive e-invoices in the Peppol format. It ensures accurate and efficient routing of invoices, reducing the chances of errors and delays. To find out more about the Malaysia Peppol ID format, refer to the official documentation.
Malaysia has developed specialized e-Invoicing document specifications in compliance with the Peppol BIS PINT methodology and the requirements of the Malaysian Tax Authority. These specifications are designed to align with Peppol standards while accommodating the unique aspects of Malaysia's tax system, such as the use of Sales and Service Tax (SST) instead of value-added tax (VAT).
The Peppol PINT Billing model, developed by the OpenPeppol AISBL Post Award Coordinating Community, serves as a template for creating globally interoperable invoice specifications. This model ensures that invoices generated and exchanged within the Peppol network adhere to a consistent standard, facilitating smooth cross-border transactions.
To stay updated and compliant with the latest standards, businesses should regularly review the release notes for Peppol PINT invoices. These notes provide valuable information on updates, changes, and best practices for implementing PINT in your invoicing processes.
PINT supports various types of transactions, including Invoice and Credit Note transactions. These transactions are defined using a semantic model, syntax binding, code lists, rules, and schemas, ensuring that they are processed accurately and consistently within the Peppol network.
Adopting Malaysia PINT Specifications can be a game-changer for businesses looking to streamline their e-invoicing processes. By aligning with the global Peppol framework while catering to local needs, MY PINT offers the best of both worlds. Whether you’re looking to ensure compliance, improve efficiency, or expand your business across borders, understanding and implementing PINT is a step in the right direction.
