The IRAS has introduced an e-invoicing mandate using the Peppol network, specifically through the InvoiceNow system. Adoption of the system is voluntary starting in May 2025, with mandatory e-invoicing for voluntary GST registrants beginning from 1 Nov 2025 for newly incorporated companies and from 1 Apr 2026 for all new voluntary GST-registrants. Businesses subject to the GST InvoiceNow Requirement will be required to transmit invoice data to IRAS. Businesses need to prepare their systems for compliance with the upcoming changes.
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