FISCAL SOLUTIONS...
News
Public Other countries Author: Ljubica Blagojević
Singapore’s Peppol-based e-invoicing system, launched in May 2025, becomes mandatory for new GST registrants from November 2025 and fully enforced by April 2026. Businesses are urged to adopt early via InvoiceNow, IMDA’s national platform. E-invoicing providers help ensure IRAS compliance, secure document handling, and cross-border readiness.
Category:

General subject related

Views: 76
Content accuracy validation date: 09.06.2025
Content accuracy validation time: 13:50h

Important Components:

  • InvoiceNow: The national e-invoicing platform managed by IMDA, allowing businesses to submit e-invoices directly to IRAS.
  • Peppol 5-corner model: Connects buyers, suppliers, access points, and tax authorities for seamless e-invoice exchange.

Role of E-Invoicing Solution Providers:

  • Help with submission, formatting, and compliance with IRAS requirements.
  • Ensure document security, proper structure, and automated transmission.
  • Facilitate international trade by handling cross-border invoice formats and processes.

Must-Have Features:

  1. Certification: Providers must be IMDA-accredited to ensure Peppol compatibility and data security.
  2. Test Capability: Access to demos or test environments to evaluate functionality.
  3. System Integration: Compatibility with your existing ERP or invoicing systems.
  4. Reliable Support: Responsive customer service during and after implementation.
  5. Scalability: Ability to handle growing transaction volumes and regulatory changes.

With e-invoicing set to become mandatory for new GST registrants, Singaporean businesses should act now. Choosing a reliable, certified provider ensures compliance, reduces manual workload, and supports seamless cross-border transactions.

Other news from Other countries