- Enhanced E-Invoicing System: Singapore’s July 2025 upgrade to InvoiceNow introduces Advanced Ordering and the SG BIS Order Balance specification, facilitating the entire order lifecycle from creation to cancellation, thereby automating procurement for public and private sectors.
- Benefits for Buyers and Sellers: The automation streamlines processes, allowing sellers to manage order approvals and invoicing efficiently while providing buyers, particularly government agencies, with structured ordering and automated invoice approval.
- Implementation Timeline: Testing of the new system will start with government suppliers in September 2025, marking a significant step in Singapore’s initiative to modernize and digitize procurement through e-invoicing.
Source: fiscal-requirements.com
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- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
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