Characteristics of the electronic invoice in Singapore

In January 2019 IMDA, as the Peppol authority in Singapore launched its new national e-Invoicing network known as InvoiceNow to digitize the economy and leverage the benefits of e-Invoicing. This in turn helps businesses to improve efficiency, reduce costs and become more sustainable. IMDA strongly promotes the use of e-Invoicing based on Peppol standards.

Tax Authority

Tax Authority

IMDA (Infocomm Media Development Authority) 

Obligation

Obligation

No obligation by law. IMDA strongly promotes the use of Peppol e-Invoicing in B2B and B2G environments (B2G only at the government level at the moment).

Format

Format

SG Peppol BIS Billing 3.0.

Digital Signature

Digital Signature

Not mandatory.

Archiving

Archiving

5 years.

Required Administrative Transactions

Required Administrative Transactions

To have an IMDA-registered Access Point with access to the national IMDA SMP, capable of converting messages according to the national specifications of the Peppol standard. EDICOM is an IMDA Authorized Access Point.

Do you need to know more about e-Invoicing in Singapore ?

Contact one of our e-invoicing specialists.

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