Businesses can now receive electronic invoices from the Government through nationwide network InvoiceNow – a move that can help them cut processing time and cost.
The Housing Board, JTC Corporation and Maritime and Port Authority of Singapore (MPA) are the first public agencies to tap the platform to bill companies, such as for applications of permits and licences.
About 70 per cent of the invoices issued by the public sector come from these three organisations. Every month, their 25,000 business customers receive more than 49,000 invoices.
Source Straitstimes
Latest Posts in "Indonesia"
- New Regulation PER-12/2025 Aligns with PMK-81, Updates VAT Collection and Self-Assessment Rules
- Indonesia’s PMK-50: Crypto-Assets Classified as Digital Financial Assets, VAT Treatment Updated
- Chairman of Commission XI proposes reducing VAT from 11% to 10%
- Lawmaker Proposes VAT Reduction to Boost Economy and Ease Financial Burden on Citizens
- Indonesia Extends Full VAT Incentive on Property Purchases to Boost Economy Until 2025 End
