- Singapore adopted the Peppol e-invoicing framework in 2018 and launched the InvoiceNow network in 2019 for voluntary B2B and B2G e-invoicing.
- The GST InvoiceNow Requirement begins May 2025, requiring certain GST-registered businesses to transmit invoices to IRAS via InvoiceNow.
- The rollout is phased: voluntary submission starts May 2025, mandatory for new GST-registered companies (less than 6 months old) from November 2025, with further requirements from April 2026.
- InvoiceNow uses the SG Peppol BIS Billing 3.0 standard, supporting compliance and integration with SAP ECC and S/4HANA systems.
- Understanding the timeline and requirements is crucial for legal compliance with Singapore’s evolving digital invoicing regulations.
Source: pikon.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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