- Singapore announced GST InvoiceNow Requirement on 15 April 2024 requiring businesses to transmit invoice data directly to IRAS
- From 1 November 2025, newly incorporated companies voluntarily registering for GST must adopt InvoiceNow if incorporated within six months of GST application
- From 1 April 2026, all new voluntary GST registrants must comply with InvoiceNow Requirement regardless of incorporation date
- The requirement will be an additional condition for voluntary GST registration
- IRAS published guidance on 7 March 2025 and a tax alert in May 2025 provides key information for affected businesses
Source: ey.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.
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