- IRAS conducted a Public Consultation on the draft e-Tax Guide “Adopting InvoiceNow Requirement for GST-registered Businesses”
- Received over 400 comments from 60 respondents on various topics
- Topics included phased implementation, scope, data transmission, mandatory elements, obligations, data protection, and government support
- IRAS will publish a revised e-Tax Guide and FAQ incorporating feedback
- Phased implementation includes a soft launch for early adopters from 1 May 2025
- A sandbox environment is available for testing API integration and submission of invoice data
- Existing GST businesses do not need to activate the GST InvoiceNow feature if not joining the soft launch
- New voluntary GST registrants will have implementation timelines of 1 November 2025 and 1 April 2026
- IRAS will provide clarity on which businesses fall under each timeline
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.
Latest Posts in "Singapore"
- Singapore Updates InvoiceNow GST E-Invoicing Guidance: New Deadlines, Early Adoption, and Support
- Singapore Mandates E-Reporting for All New Voluntary GST Registrants from April 2026
- Singapore Mandates Phased InvoiceNow Adoption for GST Businesses, Offers Funding Support Through 2031
- Comprehensive Guide to Country VAT, E-Invoicing, Registration, and Fiscal Compliance Requirements
- Singapore POS and Receipt Regulations: No Certification, Flexible Formats, Key Laws Explained
