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GST InvoiceNow Requirement

27 September, 2024
in Business News

GST-registered businesses will be required to transmit invoice data to IRAS using InvoiceNow solutions via the InvoiceNow network. This requirement will be implemented progressively:

  • From 1 November 2025, for newly incorporated companies that register for GST voluntarily.
  • From 1 April 2026, for all new voluntary GST-registrants.

For details refer to the link from IRAS: https://www.iras.gov.sg/taxes/goods-services-tax-(gst)/gst-invoicenow-requirement

How ready is your Company when the regulation takes effect next year? We can assist you in implementing this requirement progressively. Send your enquire to us HERE.