The Inland Revenue Authority of Singapore has published a draft e-Tax guide for consultation on the adoption of InvoiceNow for GST-registered businesses, which is an e-invoicing network based on the Peppol framework (previous coverage).
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Preface
On 15 April 2024, IRAS announced on its website the requirement for voluntary GST-registered businesses to transmit invoice data to IRAS using InvoiceNow solutions via the InvoiceNow network ("GST InvoiceNow Requirement"). There are plans to …