Peppol and InvoiceNow in Singapore – All the Information Your Business Needs

Singapore’s Info-communications Media Development Authority (IMDA) became the first non-European governmental agency to become a Peppol Authority in May 2018.
Peppol is part of Singapore’s eInvoicing framework, which aims to facilitate international trade, increase efficiency, and reduce costs.
New Zealand and Australia have also joined Singapore in expanding Peppol in the ASEAN region.
Businesses in Singapore benefit from Peppol by reducing invoicing processing costs, eliminating manual processes, speeding up payments, reducing errors, and improving compliance with laws and regulations.
Peppol is at the center of Singapore’s nationwide eInvoicing network called InvoiceNow.
The government has introduced grants and incentives to encourage adoption of Peppol.
Peppol supports cross-border transactions and ensures legal compliance.
However, it currently only covers business-to-business transactions and not consumer transactions in Singapore.
IMDA has developed an extension to Peppol’s Business Interoperability Specifications (BIS) Billing 3.0 to help companies comply with Singapore tax laws.

E-invoicing