- Singapore is rolling out mandatory GST e-invoicing (InvoiceNow) from 2026 to 2031 as part of its digital tax strategy.
- From April 1, 2026, all new voluntary GST-registered businesses must comply with e-invoicing requirements.
- Starting April 2028, the mandate expands to include both new compulsory and existing GST-registered businesses, beginning with those having annual supplies up to SGD 200,000.
- The threshold for mandatory participation will increase gradually to SGD 4 million by April 2031.
- Compliance dates for existing businesses are based on 2025 annual supply values, while new registrants after April 2028 must comply immediately.
Source: vatabout.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.
Latest Posts in "Singapore"
- Singapore Issues New GST Guidance for Construction Industry: Key Rules and Input Tax Clarified
- Appeal on Denial of Input Tax Claims for 82 Transactions under GST Act Dismissed
- Adopting the GST InvoiceNow Requirement – IRAS Webinar on May 14
- Webinar IRAS: Adopting GST InvoiceNow Requirement (May 14)
- Webinar: Adopting GST InvoiceNow Requirement for Seamless Digital Invoicing and Compliance
