- Singapore is transitioning to e-invoices to streamline business transactions
- Infocomm Media Development Authority (IMDA) has implemented InvoiceNow for e-invoice Singapore
- Key points about e-invoice Singapore include a nationwide network, InvoiceNow platform, and voluntary adoption
- Key milestones include IMDA becoming the first Peppol Authority outside of Europe in 2018
- IMDA serves as the Peppol Authority in Singapore, overseeing access points, standardization, and ecosystem development
- Singapore uses the Peppol BIS Billing 3.0 format for electronic invoices, based on the Universal Business Language (UBL) with specific extensions for Singapore.
Source: taxilla.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.
