- Singapore’s e-invoicing system will become mandatory in phases starting November 2025 for new GST-registered companies and April 2026 for all new GST registrants
- Businesses can use the InvoiceNow platform for e-invoicing and reporting to IRAS
- E-invoicing solution providers assist with compliance, document formatting, automation, and data security
- Important features include strong security, IRAS reporting integration, consistent formatting, system compatibility, scalability, and reliable support
- Early adoption helps businesses ensure compliance, improve efficiency, and reduce future risks
- E-invoicing solution providers help manage e-invoices, ensuring compliance with Peppol standards and IRAS requirements
- Providers assist with document formatting, automate submission, ensure data security, and support international formats
- Businesses should verify provider certifications, test software, check integrations, assess support, and ensure scalability
- Early adoption is crucial for compliance and operational efficiency, reducing risk of penalties and aiding cross-border trade
Source: fiscal-requirements.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.
