VATupdate

Businesses can receive e-invoices from govt agencies on InvoiceNow network

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

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