Newsletter · Issue #2026-12

GST InvoiceNow Is Coming! Why SMEs Should Not Wait Until It Becomes Urgent

29 May 2026 · Michelle Ten

Singapore is moving further towards digital invoicing

InvoiceNow is Singapore's nationwide e-invoicing network, allowing businesses to send and receive invoices digitally through their accounting or finance systems.

For GST-registered businesses, IRAS will also be rolling out the GST InvoiceNow Requirement in phases. This means affected businesses will eventually need to submit invoice data to IRAS through InvoiceNow-ready solutions.

Why SMEs should start paying attention

Even if your business is not immediately affected, it is useful to start reviewing your invoicing and accounting processes early.

You may wish to check:

1. Is your accounting software InvoiceNow-ready?
2. Are your invoices issued accurately and consistently?
3. Is your GST reporting process clear?
4. Is your team still relying heavily on manual spreadsheets or duplicated data entry?

Good news: We are ready to support you!

Our firm ALREADY HAS InvoiceNow-ready software, Yi.nvoice, and is ready to support clients who may need help reviewing their invoicing, accounting workflow and GST readiness.

If you are unsure whether your current accounting system is InvoiceNow-ready, or if you would like to understand how the GST InvoiceNow Requirement may affect your business, please feel free to contact our firm.

We can assist you to:

• Review your current invoicing and accounting process;
• Check whether your existing software is InvoiceNow-ready;
• Explain the GST InvoiceNow Requirement in simple terms;
• Guide you on the next practical steps to take.

Preparing early can help your business avoid unnecessary last-minute stress when the requirement applies.

For more information, you may refer to the official pages below:

• IMDA — InvoiceNow
• IRAS — GST InvoiceNow Requirement

We support clients with accounting, corporate secretarial, corporate & personal tax, AGM hosting, and XBRL filing services.