IRAS Mandates GST InvoiceNow for All Businesses by April 2031
Notice

IRAS Mandates GST InvoiceNow for All Businesses by April 2031

26 February 202682 viewsSystem
IRASGSTComplianceSMEStartupEnterprise

IRAS will require all GST-registered businesses to adopt InvoiceNow and submit invoice data directly from April 2028 to 2031, phased by annual supplies value. Transitional funding up to $5,000 and free solutions for SMEs ease onboarding. This boosts productivity, compliance, and cash flow but demands system upgrades.

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