- Singapore’s IRAS announced plans to expand the use of the InvoiceNow system, with phased implementation starting from May 1st, 2025.
- The voluntary soft launch will initially involve already GST-registered entities, followed by newly registered businesses from November 2025.
- The final phase, planned for April 2026, will allow all other GST businesses to join the network.
- IMDA aims to digitize and promote electronic invoicing in Singapore, reducing errors and processing time.
- The nationwide network, InvoiceNow, operates under the PEPPOL interoperability framework and allows transacting with entities in the broader Peppol Network.
- It is designed to complement existing EDI through straightforward integration.
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