- All GST-registered businesses in Singapore must use InvoiceNow e-invoicing by April 2031, with a phased rollout starting April 2028 based on annual supplies.
- New GST registrants must use InvoiceNow from April 2026; newly incorporated voluntary registrants from November 2025.
- SMEs receive free solutions, grants up to SGD 1,000, and up to 50% software cost coverage; larger businesses get grants up to SGD 5,000 for early adoption.
- InvoiceNow aims to boost productivity, reduce manual errors, improve GST compliance, and enable faster audits and payments.
- Businesses are encouraged to prepare by joining webinars and ensuring their systems are InvoiceNow-ready.
Source: regfollower.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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