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Singapura
Percukaian Singapura
Cukai Barangan dan Perkhidmatan
Singapore Update On GST InvoiceNow Requirement
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Implementation Date |
Who it applies to |
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1 November 2025 |
Companies that register for GST voluntarily within 6 months of incorporation date. |
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1 April 2026 |
All new voluntary GST registrants* regardless of incorporation date or business structure. |
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1 April 2028 |
All new compulsory GST registrants^ Existing GST-registered businesses with total annual supplies ≤ S$200,000 ^ New compulsory GST registrants refer to businesses that apply for compulsory GST registration on or after 1 Apr 2028. |
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1 April 2029 |
Existing GST-registered businesses with total annual supplies ≤ S$1,000,000 |
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1 April 2030 |
Existing GST-registered businesses with total annual supplies ≤ S$4,000,000 |
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1 April 2031 |
Existing GST-registered businesses with total annual supplies > S$4,000,000 |
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(1) |
Overseas entities(including Overseas Vendors that are liable to register GST under the Overseas Vendor Registration(OVR) Pay-ony regime and OVR Full regime) |
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(2) |
Businesses that are liable to register for GST wholly due to the Reverse Charge regime |
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(1) |
For SMEs- Businesses using IMDA-accredited InvoiceNow-Ready Solution Provider (IRSP) may be eligible to apply for the Productivity Solutions Grant (PSG) and receive up to SGD30,000 for IT solutions and equipment, including InvoiceNow-Ready Solutions. A new grant of up to SGD1,000 will be introduced for SMEs to defray the operational costs of adopting InvoiceNow-Ready software. More details on the support provided will be released by IMDA and IRAS in due course.
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(2) |
For larger busineses- A new grant of up to SGD5,000 will be provided for early adopters. More details on the support provided will be released by IMDA and IRAS in due course.
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(3) |
We have also worked with IRSPs to provide Free-of-Charge(FOC) solution packages for businesses to adopt. |
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(4) |
The current FOC solution package for GST-registered businesses is available until 31 March 2027. IMDA and IRAS will introduce a new set of FOC solution package for the period of 1 April 2027 to 31 March 2031. More details on the support provided will be released by IMDA and IRAS in due course. |
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Penafian
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