by Fachri Mirza
.
Nov 29 2024

What should I do if Total tax amount is not tally?

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Total tax amount calculate by Xero and Total Tax amount from your original invoice may be different. This discrepancy may happened because Xero calculates tax on a line by line basis, so you may need to make an adjustment to match tax calculated on the transaction total.

*Please note that ASSIST applies the result  based on tax calculation from Xero.

You will see the pop-up message from ASSIST when you click on “Send to Xero”, for your acknowledgement that tax is not tally.
Please click on “Confirm” to send the invoice to Xero, if you still would like to proceed. After sending the documents to Xero, please make adjustment on Tax amount directly from Xero.

tax error2
Tax error

 

You may refer to the article below from Xero to follow their procedure to adjust the tax amount.

https://central.xero.com/s/article/Adjust-the-tax-amount-on-unpaid-transactions#Aboutadjustingtaxontransactions

Can I claim for business travel between Malaysia and Singapore?

Yes, provided the travel is for business purposes. However, note the difference in vehicle claims. In Malaysia, you may claim mileage or petrol for company vehicles, whereas in Singapore, private car (S-plate) expenses remain non-deductible even for business trips.

What happens if I do not have a validated e-invoice in 2026?

For Malaysia, the LHDN may disallow the expense deduction entirely if it exceeds the consolidated threshold and lacks a validated MyInvois receipt. In Singapore, GST-registered businesses may find it impossible to claim input tax without the appropriate InvoiceNow documentation.

Are entertainment expenses fully deductible?

In Singapore, they are generally deductible if incurred for business. In Malaysia, they are typically limited to a 50% deduction, with specific exceptions for staff-related events.

How long must I keep my digital records?

Both LHDN and IRAS require records to be kept for 7 years. Digital storage is highly recommended to ensure receipts do not fade or get lost.

Guides
by Fachri Mirza
.
Nov 29 2024

What should I do if Total tax amount is not tally?