- IRAS conducted a Public Consultation on the draft e-Tax Guide “Adopting InvoiceNow Requirement for GST-registered Businesses”
- Received over 400 comments from 60 respondents on various topics
- Topics included phased implementation, scope, data transmission, mandatory elements, obligations, data protection, and government support
- IRAS will publish a revised e-Tax Guide and FAQ incorporating feedback
- Phased implementation includes a soft launch for early adopters from 1 May 2025
- A sandbox environment is available for testing API integration and submission of invoice data
- Existing GST businesses do not need to activate the GST InvoiceNow feature if not joining the soft launch
- New voluntary GST registrants will have implementation timelines of 1 November 2025 and 1 April 2026
- IRAS will provide clarity on which businesses fall under each timeline
Source: iras.gov.sg
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.
Latest Posts in "Singapore"
- IRAS Mandates InvoiceNow for Voluntary GST Registration: Streamlined E-Invoicing for Singapore Businesses
- Singapore Clarifies GST Registration: New FAQs on Thresholds, Special Cases, and Business Implications
- IRAS Updates FAQs on GST Registration Requirements for Businesses in Singapore, August 2025
- Comprehensive Guide to GST in Singapore: Concepts, Administration, and Schemes (16th Edition)
- IRAS Updates GST Guide for Businesses: Key Changes and New Self-Assessment Requirements
