- Singapore’s InvoiceNow e-invoicing system becomes mandatory for new voluntary GST registrants from 1 Nov 2025, all voluntary registrants from 1 Apr 2026, and will later expand to all GST-registered businesses.
- Invoices must be submitted in PINT SG XML format via accredited Access Points; paper/PDF invoices require manual uploads.
- The system automates tax compliance, reduces manual 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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