- IRAS announced phased implementation of e-invoicing via InvoiceNow
- Based on international Peppol standard for structured digital format
- GST-registered businesses required to transmit invoice data directly to IRAS
- Voluntary phase starting in May 2025
- Implementation schedule: May 2025, November 2025, April 2026
- Newly incorporated businesses offered free year of InvoiceNow services
- Partnership with service providers for free services starting April 2024
Source: kofax.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.
