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
Singapore Launches GST Invoice Now Grants Up to SGD 25,000 for Businesses
Public
Singapore
Author: Ljubica Blagojević
Category:
General information
Views:
58
Content accuracy validation date:
15.07.2026
Content accuracy validation time:
08:09h
The SGD 1,000 grant is aimed at smaller GST-registered businesses with annual supplies of up to SGD 4 million. To qualify, businesses must not have used an IRSP solution or InvoiceNow connection in the three months before onboarding. They must either subscribe to an accredited IRSP solution for at least 12 months or integrate their ERP system with an accredited Access Point after February 26, 2026. They must also submit invoice data to IRAS after activating GST InvoiceNow and before their mandate deadline. This grant is available from July 1, 2026, to March 31, 2030, or until funds run out.
The SGD 5,000 grant targets businesses with annual supplies above SGD 4 million that operate their own ERP systems, such as SAP, Microsoft Dynamics, or custom-built platforms. These businesses must integrate their ERP with InvoiceNow through an accredited Access Point. The project must start after February 26, 2026, be completed within 12 months, and achieve full compliance by March 31, 2028. Businesses must also submit invoice data to IRAS after activation. This grant is available from July 1, 2026, to March 31, 2028, or until funds are exhausted.
The SGD 25,000 grant is intended for larger enterprises with annual turnover above SGD 4 million and a trading network of at least 200 suppliers or 200 business customers over the past 36 months. It supports integration of custom ERP systems with InvoiceNow through an IMDA-accredited Access Point Provider. The grant is available from July 1, 2026, to March 31, 2030, or until funds are exhausted.
Eligible businesses should review the grant conditions, integration requirements, and deadlines to determine whether they can use the incentives to reduce GST InvoiceNow transition costs
Other news from Singapore
New webinar was uploaded: Recorded webinar: Evolution of Fiscalization:From fiscal printers to real-time data platforms
Author: Dušan Bučevac
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
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
How Singapore’s Electronic Tourist Refund Scheme Allows Eligible Tourists to Claim GST Refunds
Public
Singapore
Author: Ljubica Blagojević
Singapore
Author: Ljubica Blagojević
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
Singapore: GST Rules Clarified for Corporate Gifts, Samples, and Promotional Items
Public
Singapore
Author: Ljubica Blagojević
Singapore
Author: Ljubica Blagojević
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 Pillar Two Update: One-Time Registration Now Open for Eligible MNEs
Public
Singapore
Author: Ljubica Blagojević
Singapore
Author: Ljubica Blagojević
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
Singapore: IRAS Announces Phased Mandate for Invoice Now Adoption for GST-Registered Businesses
Public
Singapore
Author: Ljubica Blagojević
Singapore
Author: Ljubica Blagojević
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
New document was uploaded: Legal requirements- Singapore
Singapore
Author: Ljubica Blagojević
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
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login