- Singapore will mandate all GST-registered businesses to use InvoiceNow e-invoicing and transmit invoice data to IRAS, with phased adoption from April 2028 to April 2031.
- Early requirements already apply to new voluntary GST registrants starting from May 2025.
- The rollout schedule is based on annual supplies, with smaller businesses required to comply earlier and larger businesses by April 2031.
- InvoiceNow aims to improve productivity, reduce errors, and enhance GST administration.
- The mandate applies to all GST-registered businesses, with specific exclusions not detailed in the summary.
Source: rtcsuite.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.
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