- This guide explains the requirement for GST-registered businesses to transmit invoice data to IRAS using InvoiceNow-Ready Solutions.
- The guide provides details to support GST-registered businesses to adopt the requirement.
- This guide is for businesses required to comply with the GST InvoiceNow Requirement as an additional condition to be voluntarily registered for GST.
- This guide is also for businesses that do not fall within the GST InvoiceNow Requirement but would like to take up an InvoiceNow-Ready Solution to transmit invoice data to IRAS via the InvoiceNow network as an early adopter.
- This guide is not a technical specification for the GST InvoiceNow Requirement or for InvoiceNow.
- The GST InvoiceNow Requirement will be implemented in phases, starting with new voluntary GST registrants.
- From 1 November 2025, the requirement will apply to newly incorporated companies that apply for voluntary GST registration.
- From 1 April 2026, the requirement will apply to all new voluntary GST registrants, regardless of incorporation date or business constitution.
- A soft launch will commence from 1 May 2025, allowing non-mandatory participation from any existing GST-registered businesses and those businesses applying for GST registration on or after 1 May 2025 that wish to be early adopters to transmit invoice data to IRAS using InvoiceNow-Ready Solutions via the InvoiceNow network.
- Adopting InvoiceNow will help businesses better fulfill their responsibilities as GST-registered businesses, by facilitating record-keeping, billing, and payment processes.
Source: iras.gov.sg
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.
