Understanding IRAS’s GST InvoiceNow Requirement
Starting from November 1, 2025, all newly GST-registered businesses in Singapore will be required to use InvoiceNow solutions to send invoice data directly to IRAS. This shift is aimed at improving tax administration through a calibrated approach that allows businesses sufficient lead time for preparations.
- On November 1, 2025: Newly incorporated GST-registered companies will need to adopt InvoiceNow.
- By April 1, 2026: The requirement will apply to all voluntary GST-registrants.
A soft launch will be available from May 1, 2025, for early adopters who wish to transmit invoice data earlier.
What is InvoiceNow?
InvoiceNow is a nationwide e-invoicing framework designed to streamline business transactions. It allows invoices to flow seamlessly between different accounting systems, meaning that no matter what accounting software you or your suppliers use, their invoices will automatically integrate into your system, enhancing efficiency and accuracy in invoicing processes.
What are the accounting softwares that are supported by InvoiceNow?
Popular accounting software solutions in Singapore that are compatible with InvoiceNow include Xero, ABSS, and many more. You can get these pre-approved accounting solutions with up to 50% funding through the Productivity Solutions Grant (PSG). The PSG grant helps SMEs adopt digital solutions to improve productivity and business processes. Contact us to find out if you are eligible.
Click here for Xero Cloud Accounting
Click here for ABSS Accounting Solution
Why is this Important?
InvoiceNow taps on the Peppol network and ensures seamless, efficient invoicing that eliminates manual entry errors, streamlining the GST filing process. Businesses are encouraged to plan ahead to meet these requirements and avoid disruptions.
Steps to Onboard InvoiceNow
- Ensure your solution is InvoiceNow-enabled.
- Register for your Peppol ID.
- Connect your solution to IRAS via its API technology.
- Activate the feature to start transmitting invoice data to IRAS.
Start Now
Unsure about any of the steps? Simply get in touch with our team of friendly consultants at 6515 7906 or via email at enquiry@361dc.com to get started today!
