- Singapore will extend the GST InvoiceNow Requirement to all GST-registered businesses between 2028 and 2031.
- The mandate will be implemented in phases based on annual supply value, starting with businesses with lower revenues.
- Key dates: 1 April 2028 (≤ S$200,000), 1 April 2029 (≤ S$1,000,000), 1 April 2030 (≤ S$4,000,000), 1 April 2031 (> S$4,000,000).
- Businesses registered after 1 April 2028 must comply immediately upon registration.
- IRAS encourages early adoption and will notify businesses of their implementation date by mid-2026.
Source: sovos.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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