- GST-registered businesses required to transmit invoice data to IRAS using InvoiceNow solutions
- Implementation will be progressive, starting from Nov 2025 for newly incorporated companies voluntarily registering for GST
- Soft launch for early adoption from May 2025 for existing GST-registered businesses
- InvoiceNow is a nationwide e-invoicing network based on international standard “Peppol”
- Helps businesses send and receive invoices in a structured digital format, reducing manual processing and errors
- Phased adoption of GST InvoiceNow Requirement follows pilot by IRAS, IMDA, businesses, and service providers
- Implementation of GST InvoiceNow Requirement will be calibrated and progressive, starting from Nov 2025 for newly incorporated companies and Apr 2026 for all new voluntary GST-registrants
- Soft launch for early adoption from May 2025 for existing GST-registered businesses
- InvoiceNow solutions are finance and accounting software that allow transmission of invoices between businesses via InvoiceNow network
Source: iras.gov.sg
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
