The Inland Revenue Authority of Singapore (IRAS) has announced a phased voluntary rollout of e-invoice data reporting via the InvoiceNow network. Starting May 1, 2025, GST-registered businesses can adopt it voluntarily. Newly incorporated companies will follow on November 1, 2025, and all new voluntary GST registrants on April 1, 2026. Built on the Peppol network, InvoiceNow allows businesses to exchange structured digital invoices through API-integrated accounting software or custom ERP systems.
Singapore to Begin Phased Rollout of E-Invoice Reporting via InvoiceNow in May 2025
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Author: Ivana Picajkić
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Content accuracy validation date:
03.02.2025
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In 2024, the Inland Revenue Authority of Singapore (IRAS) has announced a phased voluntary rollout of e-invoice data reporting through the InvoiceNow network.
The implementation timeline for domestic businesses is as follows:
- May 1, 2025 – Voluntary early adoption for GST-registered businesses,
- November 1, 2025 – Mandatory for newly incorporated companies that voluntarily register for GST,
- April 1, 2026 – Required for all new voluntary GST registrants.
InvoiceNow, introduced in 2019 and built on the Peppol network, enables businesses to exchange invoices digitally in a structured format. Companies can report e-invoices through various methods, including off-the-shelf accounting software integrated via API or custom ERP system adaptations.
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