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"
- GST Updates: Free Parking Exceptions and Overseas Vendor Registration Input Tax Claims
- Singapore GST Registration Rules: Two-Month Grace Period for Prospective Basis from July 2025
- GST Gross Margin Scheme Approval Requirement Removed from July 2025
- GST InvoiceNow Requirement: Mandatory Implementation Timeline for Voluntary GST Registrants
- Briefing document: Singapore GST InvoiceNow business guide
