Overview:
Some businesses run in more than one industry, but the system currently only lets them use one MSIC code. With this enhancement, users can register multiple MSIC codes in the company profile and select the correct one when submitting an e-Invoice.
Benefit: Makes e-Invoices more accurate and compliant for businesses with different revenue streams.
Scenario:
ABC Enterprise does both computer retail (47411) and IT consulting (62010).
- Before: Can only use one MSIC (e.g., 62010).
- After: Can register both MSIC codes. When creating an invoice, the company chooses the correct MSIC:
- Laptop sale → 47411
- Consulting service → 62010
This way, every e-Invoice reflects the right business activity.
Solution:
1. File > Company Profile > To add new MSIC codes click the add button
Then update the MSIC codes
2. Let say a new MSIC Codes added – 47411 in the company profile.
You can set default MSIC code. The sample below set 62010 as default.
3. In transaction, system display the default MSIC codes
4. User can still change the MSIC codes accordingly and submit for e-Invoice
5. If the MSIC code has changed to 47411 and submit for e-Invoie
6. In MyInvois Portal captures 47411 as the MSIC code
Refer to attachment
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