GST InvoiceNow mandatory by April 2031

Street Talk

GST-registered businesses in Singapore must submit digital invoices to IRAS via the InvoiceNow network. - In phases, starting with existing registrants with total annual supplies ≤ S$200,000 and new compulsory registrants by 1 April 2028 - To be rolled out to all GST-registered businesses by 1 April 2031 - Grants up to $5,000 available, more details to be announced by IRAS and IMDA