- IRAS updated InvoiceNow e-invoicing guidance for GST-registered businesses on April 7.
- New voluntary GST registrants must comply from April 1; new compulsory registrants from April 1, 2028.
- Clarified that total annual supplies include all types reported in Box 4 of the GST return for periods ending in 2025.
- Businesses can adopt InvoiceNow early, with a free solution package available from April 1, 2027 to March 31, 2031.
- Singapore is phasing in mandatory e-invoicing with options for early adoption and financial support.
Source: globalvatcompliance.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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