Summary
- IMDA/IRAS launched a three-tier grant scheme to accelerate GST InvoiceNow adoption: S$1k (annual supplies ≤ S$4m), S$5k (> S$4m, own-ERP integration), and S$25k for large enterprises with 200+ suppliers/customers. [imda.gov.sg], [vatabout.com]
- Free-of-charge (FOC) solution packages from accredited providers (IRSPs) are available until 31 March 2031, with GST-registered businesses able to use GST InvoiceNow free until 31 March 2027. [imda.gov.sg]
- The grants complement the phased GST InvoiceNow mandate (newly-incorporated voluntary registrants since Nov 2025 / Apr 2026; existing businesses phased 2028–2031 by turnover), reinforcing Singapore’s Peppol-based network. [go.gov.sg], [iras.gov.sg]
Source
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