leonlee博客📒Potential Requirement to Issue Self-Billed e-Invoices
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List of Expense Accounts for Review (Potential Requirement to Issue Self-Billed e-Invoices)
No | Accounts Description |
1 | Purchases – Local supplier (non-business individual) |
2 | Purchases - Import of goods / services |
3 | Social Media Advertisement – Platform owned by foreign company such as Facebook |
4 | Software fees – foreign supplier |
5 | Repair & Maintenance – Non-business individual |
6 | Professional fees – from Non-business individual / foreign supplier |
7 | Commission / Sales Incentive – to agent/dealer/distributor |
8 | Rental – owner is non-business individual |
9 | Interest expense – borrowings from non-business individual |
10 | Staff welfare, accommodation – reimbursement to staff paid to local supplier (foreign supplier / overseas expenses are exempted) |
11 | Wages – workmanship payment to non-business individuals |
12 | Retained Earnings – Profit distribution by unlisted company, mostly exempted unless dividend is franked out of section 108 ITA 1967 |
Note: These accounts description serve as a general guideline only. The actual treatment
may vary depending on the company's business nature and accounting practices.
Refer:
上一篇
E-Invoice: Inter-company Transcation
下一篇
E-Invoice Submission Timeline Summary
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