- Singapore is implementing the InvoiceNow requirement for GST-registered businesses
- InvoiceNow is an electronic invoicing method that allows businesses to send and receive invoices digitally
- The requirement aims to streamline invoicing processes and reduce paperwork for businesses
- GST-registered businesses in Singapore will need to adopt InvoiceNow by a certain deadline
- Failure to comply with the requirement may result in penalties or fines
Source: orbitax.com
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.
