- Singapore will mandate InvoiceNow (Peppol-based e-invoicing) for GST registrants, starting with voluntary adoption on 1 May 2025, mandatory for new voluntary GST registrants from 1 Nov 2025, and all voluntary registrants from 1 Apr 2026; full rollout to all GST-registered businesses will follow.
- Invoices must be submitted in PINT SG XML format via accredited Access Points; paper/PDF invoices require manual uploads.
- InvoiceNow automates tax compliance, reduces manual data entry and errors, speeds up payment cycles, and enables real-time reporting to IRAS.
- Exemptions apply to overseas entities and businesses GST-registered only due to Reverse Charge rules.
- Early adoption offers cost savings and automation benefits, while delays risk audits, penalties, and payment disruptions.
Source: fiscal-requirements.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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