On 14 April 2024, the Inland Revenue Authority of Singapore (IRAS) and Infocomm Media Development Authority (IMDA, also Singapore Peppol Authority) announced plans for a phased adoption of B2B e-invoices through InvoiceNow (“GST InvoiceNow Requirement”) at the InvoiceNow Industry Day event.
GST InvoiceNow Requirement
InvoiceNow is a nationwide e-invoicing network established based on the Peppol network introduced by IMDA in 2019, and it has become the default format for…