- Upcoming E-Invoicing Mandate: Although e-invoicing in Singapore is currently voluntary, a new Peppol-based e-invoicing model will become mandatory for newly incorporated companies registered for GST in November 2025 and for all new GST registrants by April 2026. Businesses are encouraged to adopt e-invoicing early to ensure compliance and efficiency.
- Benefits of E-Invoicing: E-invoicing streamlines document transmission, saves time, and facilitates international trade by ensuring compliance with regulations. The InvoiceNow platform allows businesses to submit e-invoices directly to the Inland Revenue Authority of Singapore (IRAS), improving the invoicing and approval process.
- Role of E-Invoicing Solution Providers: These providers assist businesses in sending, receiving, and storing e-invoices while maintaining compliance with Singapore’s e-invoicing standards. They ensure proper document formatting, facilitate seamless submissions to the InvoiceNow portal, and support international trading requirements.
Source Storecove
See also
Briefing document & Podcast: Singapore GST InvoiceNow business guide
- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE