- Singapore will mandate all GST-registered businesses to use InvoiceNow e-invoicing and transmit invoice data to IRAS, with phased adoption from April 2028 to April 2031.
- Early requirements already apply to new voluntary GST registrants starting from May 2025.
- The rollout schedule is based on annual supplies, with smaller businesses required to comply earlier and larger businesses by April 2031.
- InvoiceNow aims to improve productivity, reduce errors, and enhance GST administration.
- The mandate applies to all GST-registered businesses, with specific exclusions not detailed in the summary.
Source: rtcsuite.com
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Briefing document & Podcast: Singapore’s E-Invoicing & E-Reporting Mandate (InvoiceNow) – VATupdate
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