Singapore releases new timelines for GST InvoiceNow, extending this obligation to all GST registered businesses

Implementation timeline for the GST InvoiceNow requirement:

1 November 2025: Applies to companies that register for GST voluntarily within 6 months of their incorporation date.
1 April 2026: Applies to all new voluntary GST registrants, regardless of their incorporation date or business structure.
1 April 2028: Applies to all new compulsory GST registrants and existing GST-registered businesses with total annual supplies of S$200,000 or less.
1 April 2029: Applies to existing GST-registered businesses with total annual supplies of S$1,000,000 or less.
1 April 2030: Applies to existing GST-registered businesses with total annual supplies of S$4,000,000 or less.
1 April 2031: Applies to existing GST-registered businesses with total annual supplies exceeding S$4,000,000.

The Inland Revenue Authority of Singapore (IRAS) announced plans to extend the GST InvoiceNow requirement to all GST-registered businesses by April 2031, as part of the Committee of Supply (COS) 2026 announcements, to enhance digital tax compliance and improve GST data quality.
The phased implementation timeline is set to begin on November 1, 2025, with newly incorporated companies, followed by various groups of businesses based on their annual taxable supplies, culminating with all remaining GST-registered businesses by April 2031.
To facilitate the transition, the Singapore Government will provide financial support of up to 1,000 SGD for SMEs and up to 5,000 SGD for larger businesses, with SMEs receiving free access to InvoiceNow Ready Solutions until March 2031, aligning with global trends in e-invoicing and transaction-level GST reporting.

Source Pageroz

Budget 2026: GST-registered businesses must submit digital invoices via InvoiceNow by April 2031

InvoiceNow is Singapore’s nationwide e-invoicing network, established in 2019 by the Infocomm Media Development Authority (IMDA), enabling GST-registered businesses to send and receive invoices in a structured digital format, with mandatory participation set to be implemented in phases starting from November 2025.
GST-registered businesses must comply with the InvoiceNow requirement based on their total annual supplies, with specific implementation dates ranging from November 2025 for new voluntary registrants to April 2031 for those with total annual supplies exceeding S$4,000,000.
Certain businesses, including overseas entities and those registered solely due to the Reverse Charge regime, are exempt from the InvoiceNow requirement, while all GST-registered businesses are encouraged to adopt InvoiceNow-Ready Solutions early to ensure successful data transmission to IRAS.

Source

Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
Join the LinkedIn Group on ”VAT in the Digital Age” (VIDA), click HERE

E-invoicing