Singapore has introduced financial incentives to support the adoption of GST Invoice Now, its e-invoicing system. The grants range from SGD 1,000 to SGD 25,000 (€678 - €16,948), depending on company size, annual supplies, and integration requirements. IMDA has published the eligibility criteria for each grant tier The SGD 1,000 grant is aimed at smaller GST-registered businesses with annual suppli... Read more

Fiscalization has transformed from a compliance tool reliant on hardware to dynamic, software-driven platforms linking businesses and tax authorities. The webinar was presented by Dušan Bučevac, Sales Manager at Fiscal Solutions, who covered crucial fiscalization milestones and explained how real-time data has reshaped compliance, transparency, and business decision-making. Read more

Fiscalization has evolved significantly over the years, moving far beyond its original role as a pure compliance mechanism. What once relied on fiscal printers and hardware-based systems has gradually transformed into software-driven, real-time platforms that connect businesses, tax authorities, and data ecosystems in a much more dynamic way. In this webinar, we will explore how this transition... Read more

Fiscalization has evolved significantly over the years, moving far beyond its original role as a pure compliance mechanism. What once relied on fiscal printers and hardware-based systems has gradually transformed into software-driven, real-time platforms that connect businesses, tax authorities, and data ecosystems in a much more dynamic way. In this webinar, we will explore how this transition... Read more

Singapore’s Electronic Tourist Refund Scheme allows eligible tourists to claim GST refunds on qualifying purchases before leaving through Changi or Seletar Airport. Tourists must meet eligibility conditions, spend at least SGD 100 (approx. eur 67.30), present their original passport at purchase, and export the goods within two months. Most standard-rated goods qualify, but services, accommodation,... Read more

Businesses may need to account for GST on free gifts or samples if input tax was claimed and the value exceeds the relevant threshold. For gifts, output tax is required when the total cost to the same recipient for the same occasion is more than $200, excluding GST; no output tax is needed if the value is $200 or less or input tax was not claimed. Special rules apply to vouchers, bundled free item... Read more

Singapore has opened one-time online registration for Pillar Two taxes, including MTT (Multinational Top-up Tax), DTT (Domestic Top-up Tax), and GloBE (Globus Anti-Base Erosion) reporting. In-scope MNE (Multinational Enterprise) groups with at least €750 million in revenue and a Singapore connection must register within six months after their first applicable financial year, with future filings ha... Read more

The Inland Revenue Authority of Singapore (IRAS) has announced a phased timeline for GST-registered businesses to adopt InvoiceNow for electronic invoice data submission. The rollout will occur between 2028 and 2031, with deadlines based on business turnover, while new voluntary GST registrants must implement InvoiceNow earlier. To support the transition, the government will provide funding of up... Read more

The document serves as a legal and operational guide for retail, VAT, and compliance in Singapore. It covers regulatory details, VAT rules, reporting obligations, retail processes, and business registration. It highlights the absence of fiscalization, mandatory forms, penalties, and developments in e-invoicing, ensuring comprehensive compliance for retailers. Read more

The Q&A document is an essential resource that provides clear answers to the most frequently asked questions in retail. It saves valuable time by consolidating complex information into a practical and accessible format. Prepared by our team of experienced experts, it addresses key issues such as document types, business processes, the registration process, and the applicable laws and regulations. Read more

In this overview, we present the basics of Singapore: a non-fiscal country with no mandatory POS certification, hardware requirements, or tax authority communication, but businesses must issue receipts as proof of purchase. Read more

The purpose of this document is to emphasize the most important characteristics and requirements regarding receipts, invoices, return policies, online sales, record keeping, cash registers, VAT recording, penalties and store registration in the system of Singapore. Read more

This document outlines Singapore’s Invoice Now e-invoicing framework, including its structure, scope, and reporting model. It explains Peppol-based invoice exchange with data reporting to IRAS and covers transaction scope, reporting obligations, implementation timeline, and business impact. Read more

This law regulates consumer protection in Singapore, focusing on preventing unfair business practices in transactions between suppliers and consumers. It defines what constitutes unfair practices (e.g., misleading, deceptive, or exploitative conduct) and gives consumers the right to take legal action and seek remedies such as refunds, damages, or contract cancellation. Read more

This law regulates the Goods and Services Tax (GST) system in Singapore, setting out how GST is imposed, calculated, and collected on the supply of goods and services, as well as on imports. It defines key concepts such as taxable supply, registration requirements, tax rates, place and time of supply, and input/output tax mechanisms. Read more