Singapore Updates Guidance on GST InvoiceNow Requirement

The Inland Revenue Authority of Singapore has updated its guidance on the GST InvoiceNow Requirement. InvoiceNow is an e-invoicing network based on the Peppol framework that is used for the transmission of invoice data to the IRAS. The requirement to use InvoiceNow is being extended to all GST-registered businesses by April 2031. The updates include an amended implementation phase table with clearer explanations for new voluntary GST registrants and new compulsory GST registrants for the 1 A…