Principal e-Invoicing Implementation

As part of the Malaysian government’s initiative to enhance tax administration the Lembaga Hasil Dalam Negeri Malaysia (“LHDN”) is implementing e-Invoice - a digital representation of a transaction between a supplier and a buyer. This will eventually, replace paper-based or electronic documents such as invoices, credit notes, and debit notes, while still capturing the same essential information as traditional documents, which record transaction data for business operations. You may visit LHDN’s website on this nationwide initiative for further information.

In line with LHDN’s initiative, Principal Asset Management Berhad and Principal Islamic Asset Management Sdn Bhd along with the funds under management (collectively known as “Principal”) will begin issuing e-Invoices in compliance with LHDN’s requirement in stages, starting from 1 July 2025,  in accordance with LHDN’s implementation timeline.

To facilitate the issuance and receipt of e-Invoices for all fees, and charges paid to Principal Asset Management Berhad and Principal Islamic Asset Management Sdn Bhd, and transactions with the funds management, we kindly request your assistance in updating your details such as Tax Identification Number (TIN), Business Registration Number (BRN) and Sales and Service Tax (SST) Registration Number (if applicable) and other relevant information for purposes of generating e-Invoices via the Profile Update Form enclosed in the letter “Keep your Personal Information Up to Date and e-Invoicing Implementation” sent to you by email/ WhatsApp or mail.


What you need to know:

  • If you complete and submit the Profile Update Form: 
    Principal will issue e-Invoice(s) to you for any applicable transactions for the purpose of e-Invoice issuance in stages starting 1 July 2025, in line with  LHDN’s implementation timeline.
  • If you do not submit the Profile Update Form: 
    Principal will not be able to issue e-Invoice(s) to you for any applicable transactions starting 1 July 2025, in stages, as required by LHDN.

Please note:
If the submitted Profile Update Form is incomplete, inaccurate or if your TIN Validation Status is invalid, we will not be able to issue e-Invoices for your transactions with Principal. Additionally, any data mismatch between your submission and LHDN’s records or other reasons beyond Principal’s control, may result in our inability to generate your e-Invoices, even if the Profile Update Form has been submitted.


IMPORTANT NOTE: 

  • For e-Invoicing purposes, if you are an individual customer, your new NRIC number is required in the through Profile Update Form - Individual. If you are a corporate customer, your new Business Registration Number (BRN) is required in the Profile Update Form - Corporate. If you have not update your old NRIC/BRN to your new NRIC/BRN, please do so through one of the following methods:

    1. Complete the enclosed form in letter “Keep your Personal Information Up to Date and e-Invoicing Implementation” sent to you by email/ WhatsApp or mail and email it to myservice@principal.com

    2. Call our Customer Care Centre at +(603) 7723 7260 or WhatsApp at +(6016) 299 9792.

    3. Visit one of our branches listed here: https://www.principal.com.my/en/others/branches-offices

    Note: This is applicable to individual customers only. 
     
  • Principal will only issue e-Invoice(s) to one (1) email address per customer for e-Invoice purposes. All e-Invoices for your products and/or services with Principal will be sent only to your email address that you have submitted in the latest Profile Update Form submitted by you. The email address provided in your latest Profile Update Form will supersede any earlier email address given.
  • Please note under Section 82C (11) of the Income Tax Act 1967, any personal data processed for the issuance or transmission of e-Invoice to the Director General of LHDN is not be subject to the provisions of the Personal Data Protection Act 2010 (Act 709). Rest assured, that Principal will handle your data in accordance with our  Privacy Notice as well as the existing terms and conditions of any account, products, services, facility or agreement that you may have with us.


For more information on e-Invoicing, please refer to our FAQs below:
 

  1. General e-Invoice FAQ
  2. Corporate Customer Information Collection FAQ
  3. Individual Customer Information Collection FAQ