Singapore’s IMDA has updated its FAQs regarding the national InvoiceNow e-invoicing initiative and network. The InvoiceNow network is built on the Peppol network and is based on Peppol BIS Billing 3.0 standards, with Singapore GST rules replacing VAT-related rules. E-invoicing in Singapore is voluntary for B2B transactions but mandatory for B2G transactions. The Accountant-General’s Department is the central recipient for all e-invoices submitted to Singapore Government Agencies. InvoiceNow supports GST reporting and Tax Invoice requirements in Singapore. The FAQs cover topics such as what InvoiceNow is, how it differs from PDF e-invoicing, and the involvement of banks and IMDA. Business to consumer transactions are currently not covered by InvoiceNow.
Source Avalara
Latest Posts in "Singapore"
- GST Updates: Free Parking Exceptions and Overseas Vendor Registration Input Tax Claims
- Singapore GST Registration Rules: Two-Month Grace Period for Prospective Basis from July 2025
- GST Gross Margin Scheme Approval Requirement Removed from July 2025
- GST InvoiceNow Requirement: Mandatory Implementation Timeline for Voluntary GST Registrants
- Briefing document: Singapore GST InvoiceNow business guide
