SINGAPORE
E-INVOICING
Latest update may 24th, 2024
On this page you will learn more on e-invoicing in Singapore
Delve into the compliance standards, unravel the e-invoicing framework and infrastructure.
Note: the Country Profile below is focused on the future eInvoicing and eReporting obligation.
Status: 🟡 Planned
At this moment e-invoicing for B2B and B2G is not mandatory in Singapore at any level
However, it is strongly recommended by IMDA for both use and, in particular, it has become the default mode for B2G transactions
The IRAS has announced its plan to gradually mandate B2B electronic invoicing for GST-registered businesses
Covered by DT: 🟢 Yes
Scope
- B2B eInvoicing: GST taxpayers will be required to use “InvoiceNow” solutions to transmit invoice data to IRAS for tax administration (GST InvoiceNow requirement)
- The requirement includes transmitting invoice data related to standard-rated supplies, zero-rated supplies and standard-rated purchases on which input tax claims are made or will be made
- Overseas entities and businesses registered under the Reverse Charge regime, will be exempted from the GST InvoiceNow Requirement
Adoption timeline
The e-invoicing mandate will be implemented as follows:
- From 1 May 2025, all existing GST-registered businesses can voluntarily transmit invoice data to IRAS using InvoiceNow solutions
- 1 Nov 2025: newly incorporated companies that voluntarily register for GST
- 1 Apr 2026: all new voluntary GST-registrants, regardless of incorporation date
Model
INTEROPERABILITY MODEL
Singaporean IMDA authority maintains a nationwide network under the name “GST InvoiceNow”
Data is exchanged based on the PEPPOL interoperability framework, leveraging the Peppol 5-corner model to connect to the tax authorities
Format
PINT-SG BIS Peppol Billing
Archiving
The archiving period is 5 years
External references:
- IRAS – The Inland Revenue Authority of Singapore [link]
FAQ
La fatturazione elettronica internazionale è il processo che consente di emettere, trasmettere, ricevere e archiviare fatture digitali in conformità con le normative fiscali di ciascun Paese.
Per CFO e Finance Manager non è solo un obbligo normativo, ma una leva strategica: permette di standardizzare i processi Finance a livello globale, ridurre i rischi e migliorare la trasparenza.
Con la piattaforma di Digital Technologies – a Namirial Company, la fatturazione elettronica internazionale diventa un’opportunità di automazione, che ottimizza i cicli P2P e O2C e rende la gestione finanziaria più efficiente e scalabile.
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