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country-icon Singapour

05.09.24

Timeline for the 2025 e-invoicing mandate

The Inland Revenue Authority of Singapore (IRAS) recently announced a phased implementation of e-invoicing via the national framework InvoiceNow, which is based on the international Peppol standard for the exchange of invoices in a structured digital format between suppliers and buyers.

GST-registered businesses will be required to transmit invoice data directly to IRAS via InvoiceNow, starting with a voluntary phase starting in May 2025. The implementation will be conducted according to the following schedule:

  • 1 May 2025: voluntary adoption by GST-registered businesses, as a soft launch.
  • 1 November 2025: newly incorporated companies that register for GST voluntarily.
  • 1 April 2026: all new voluntary GST-registrants.

In an effort to support businesses and promote e-invoicing, the government has partnered with service providers to offer newly incorporated businesses a free year of InvoiceNow services. Starting from April 2024, newly incorporated businesses can choose their preferred InvoiceNow Accelerate service provider for the free services. 

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