With Cygnet's e-invoicing solution as your trusted partner, effortlessly generates exchanges and processes e-invoices.
Important dates
Date
- From 1st May, 2025
- From 1st Nov 2025
- From 1st April 2026
Phase
- As a part of a soft launch, voluntary adoption for all GST-registered business
- For the newly incorporated company that registers for GST voluntarily.
- For all new voluntary GST registrants.
Important Regulations
Singapore’s IRAS announced e-invoicing through their official portal InvoiceNow for GST-registered businesses voluntarily starting from May 1st, 2025, in a phased manner, under IMDA’s initiative to digitize invoicing, reducing errors and processing time.
Singapore is embracing the PEPPOL CTC framework for real-time tax controls facilitated by IRAS. InvoiceNow operates within the PEPPOL framework, enhancing interoperability, streamlining GST administrations, and standardizing invoices nationwide.
SMEs may directly integrate InvoiceNow, while larger enterprises receive support from IMDA-approved Access Point Providers.
IRAS also plans to mandate B2G transactions via InvoiceNow in the future.
GST InvoiceNow Requirements
Transactions required to use InvoiceNow solutions to report invoices to IRAS are as follows:
- Standard-rated supplies, excluding Reverse charge supplies.
- Standard-rated purchases on which input tax claims are made or to be made, excluding reverse charge purchases.
- Zero-rated supplies
- POS (Point-of-sales) supplies where businesses can also send aggregated data to IRAS.
