Navigating Singapore’s Upcoming E-Invoicing Mandate: Essential Insights for Tax Professionals
Singapore is on the brink of a significant transformation in its tax reporting landscape. The Inland Revenue Authority of Singapore (IRAS) has announced a phased adoption of InvoiceNow, the national e-invoicing framework based on the PEPPOL network, set to commence voluntarily for GST-registered businesses in May 2025.
For tax professionals, this development presents both opportunities and challenges. Understanding the intricacies of the InvoiceNow framework, its implementation timeline, and the compliance requirements is crucial to ensure a seamless transition and to maintain compliance.
Join tax experts from Sovos and Alvarez & Marsal for this webinar to get the knowledge you need to navigate this impending mandate. Our experts will delve into:
- An overview of the InvoiceNow framework and its significance in Singapore’s tax ecosystem.
- Detailed timelines and phases of the e-invoicing implementation.
- Moving to the 5-corner model and adopting the Peppol PINT SG format
- Compliance requirements and best practices for GST-registered businesses.
- Potential challenges and strategies to overcome them.
Don’t miss this opportunity to stay ahead of the curve and ensure your practices are aligned with Singapore’s evolving tax regulations. Secure your spot today and prepare for a smooth transition to the new e-invoicing landscape.
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