Regulatory updates - Singapore

On February 26, 2026, it was announced that the GST InvoiceNow obligation will be extended to all GST‑registered businesses as follows:

• April 1, 2028: New compulsory GST registrants and existing businesses with annual taxable supplies up to 200,000 SGD (138,000 EUR)
• April 1, 2029: Existing businesses with annual supplies up to 1 million SGD (690,000 EUR)
• April 1, 2030: Existing businesses with annual supplies up to 4 million SGD (2.76 million EUR)
• April 1, 2031: All remaining GST‑registered businesses

To support this rollout, a series of grants is available to GST‑registered businesses in Singapore, subject to eligibility conditions.

Depending on business size and adoption status, the following grants may apply:

• GST InvoiceNow Transition Grant for SMEs: GST‑registered businesses with total annual supplies of 4 million SGD (2.76 million EUR) or less may receive a 1,000 SGD (690 EUR) cash grant to offset the cost of subscribing to an IRSP or connecting via an Access Point. The grant is available from July 1, 2026, to March 31, 2030, or until fully claimed.
• GST InvoiceNow Transition Grant for larger businesses: GST‑registered businesses with total annual supplies exceeding 4 million SGD (2.76 million EUR) may receive a 5,000 SGD (3,450 EUR) cash grant to offset the cost of connecting to InvoiceNow via an Access Point. The grant is available from July 1, 2026, to March 31, 2028, or until fully claimed.
• InvoiceNow Queen Bee Grant: Large enterprises may receive up to 25,000 SGD (17,250 EUR) to support integration of their ERP systems with InvoiceNow and to drive adoption across their business ecosystem. Participating businesses are expected to commence integration by July 1, 2026, and complete it by March 31, 2030.

Eligibility criteria and other details available in the following link and frequently asked questions can be found in the following IMDA FAQ

GST-registered businesses will be required to send invoice data to IRAS through Accredited Access Points. This will be done in phases, starting with mandatory participation of businesses that register for GST voluntarily.

Timelines

• Since November 1, 2025, newly incorporated companies that register for GST voluntarily must start transmitting invoice data to the IRAS through an Accredited Access Point. Newly incorporated companies refer to companies that are incorporated within 6 months from the time they submit their application for GST registration to Inland Revenue Authority of Singapore (IRAS).

• Not included in November phase:
  • Businesses where the length of time between incorporation date and GST registration exceeds 6 months. For example, Company B was newly incorporated on May 9, It has applied for voluntary GST registration on Nov 10, 2025. As Company B’s incorporation date (May 9, 2025) is more than 6 months before the date of its application for voluntary GST registration, it is not mandatory for Company B to adopt the GST InvoiceNow Requirement for now.
  • New voluntary GST registrants that are limited liability partnerships, sole-proprietorships and partnership businesses, the requirement will be implemented from April 1, 2026.

• From April 1, 2026, for all new voluntary GST registrants, regardless of incorporation date or business constitution.

Businesses considering voluntary GST registration can read the following link, which outlines factors to consider before registering voluntarily for GST.

There are plans to progressively extend mandatory participation to new compulsory GST registrants and remaining GST-registered businesses. IRAS is expected to announce upcoming timelines.