Singapore: InvoiceNow Adoption for GST Businesses & Free Services for New Companies
- April 19, 2024
The Inland Revenue Authority of Singapore (IRAS), in collaboration with the Infocomm Media Development Authority (IMDA), is introducing a phased approach for GST-registered businesses to transmit electronic invoice (e-invoice) data directly to IRAS. This initiative, known as the ‘GST InvoiceNow Requirement,’ will begin in November 2025. To ease the transition, newly incorporated businesses that […]