Singapore Launches GST Invoice Now Grants Up to SGD 25,000 for Businesses

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 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