- Singapore will require all GST-registered businesses to use the InvoiceNow e-invoicing system by April 2031.
- Implementation will be phased from November 2025 to April 2031, based on business type and annual taxable supplies.
- Government funding support of up to 1,000 SGD for SMEs and 5,000 SGD for larger businesses will be provided.
- SMEs can use InvoiceNow Ready Solutions for free until March 2031.
Source: p2pnetwork.org
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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