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

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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