- Singapore’s tax authority has extended deadlines for GST-registered businesses to implement electronic invoicing (InvoiceNow).
- Transitional funding 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, regardless of incorporation date or business structure.
- Existing and new compulsory GST registrants with annual supplies up to S$200,000 have until April 1, 2028.
- Existing GST-registered businesses have until April 1, 2029, to implement InvoiceNow.
Source: news.bloombergtax.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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