- From April 1, 2026, all new voluntary GST registrants in Singapore must comply with e-reporting via InvoiceNow.
- InvoiceNow, launched in 2019, is Singapore’s Peppol-based e-invoicing network, initially promoted through incentives rather than mandates.
- The e-reporting mandate will be progressively extended to all GST-registered businesses by April 2031, based on their annual turnover.
- The requirement is for e-reporting (submitting invoice data to IRAS), not full e-invoicing, allowing continued use of paper or PDF invoices between companies.
- The government aims to encourage broader adoption of structured electronic invoicing in the future.
Source: theinvoicinghub.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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