- Singapore has announced revised deadlines for GST registrants to implement InvoiceNow for electronic invoice submission.
- Transitional funding support is available: up to S$1,000 for SMEs and up to S$5,000 for larger businesses.
- New voluntary GST registrants must comply by April 1 (year unspecified).
- Existing and new compulsory GST registrants with annual supplies up to S$200,000 must comply by April 1, 2028.
- Deadlines for existing GST-registered businesses: up to S$1 million by April 1, 2029; up to S$4 million by April 1, 2030; exceeding S$4 million by April 1, 2031.
Source: globalvatcompliance.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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