The IRAS has introduced an e-invoicing mandate using the Peppol network, specifically through the InvoiceNow system. Adoption of the system is voluntary starting in May 2025, with mandatory e-invoicing for voluntary GST registrants beginning from 1 Nov 2025 for newly incorporated companies and from 1 Apr 2026 for all new voluntary GST-registrants. Businesses subject to the GST InvoiceNow Requirement will be required to transmit invoice data to IRAS. Businesses need to prepare their systems for compliance with the upcoming changes.
Source Fonoa
Click on the logo to visit the website
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
Latest Posts in "Singapore"
- Singapore Mandates GST InvoiceNow E-Invoicing for All Businesses by April 2031: Key Dates and Grants
- Singapore E-Invoicing: InvoiceNow, Peppol, and GST Compliance Timeline for Businesses and SAP Users
- Singapore Mandates GST InvoiceNow E-Invoicing for All Registered Businesses by 2031
- Singapore Mandates InvoiceNow E-Invoicing for All GST-Registered Businesses by 2031
- Singapore Sets Phased Timeline for Mandatory E-Invoicing for All GST Businesses by 2031
