What is InvoiceNow?
InvoiceNow is a nationwide e-invoicing network that enables companies of all sizes to process invoices in a more efficient manner, reducing business costs and shortening payment cycles. InvoiceNow operates on the open standard Peppol framework, which directly transmits e-invoices in a standard digital format across different finance systems. It is one of the several Digital Utilities.
Why InvoiceNow?
It’s time to simplify work with InvoiceNow
Join these businesses who are already benefitting from using InvoiceNow.
How to get started?
Getting connected to InvoiceNow is straightforward. You may not need to change your accounting or finance solution.
For SMEs with an existing accounting or finance solution
- Step 1: Check if your accounting or finance solution is InvoiceNow-Ready and listed on the IMDA-accredited InvoiceNow-Ready Solution Provider List.
- Step 2: Get your InvoiceNow-Ready Solution Provider to activate the InvoiceNow feature on your existing solution.
- Step 3: You are ready to InvoiceNow! Send and receive invoices directly through your finance or accounting solution.
For SMEs without an existing accounting or finance solution
You can consider these free InvoiceNow-Ready Solutions with basic InvoiceNow capabilities.
Get in touch with an IMDA-accredited Access Point Provider to help you connect to the InvoiceNow Network.
InvoiceNow Enterprise Clinic
- The complimentary clinic session provides attendees with a comprehensive understanding of InvoiceNow, and to equip them with the knowledge and tools necessary to ensure a smooth transition to InvoiceNow. Both the Finance and IT personnels are highly encouraged to attend the session together.
- Click here to access the registration link for InvoiceNow Enterprise Clinic (Each company may register a maximum of 3 participants for the session)
InvoiceNow Accelerate for newly incorporated businesses
InvoiceNow Accelerate was launched in April 2024 to provide newly incorporated businesses a head-start in their digitalisation journey with one year of free InvoiceNow services.
The programme supports the growth of these businesses* by equipping them with basic digital tools in e-invoicing from the onset. They will be able to enjoy all the benefits of using InvoiceNow services, which include streamlining invoice processing, accelerating payment cycles and reducing paper usage.
From Apr 2024 onwards, newly incorporated businesses (with their Corppass activated) will receive a notification from IMDA where they can subscribe for complimentary InvoiceNow services for one-year from a list of selected InvoiceNow Accelerate Solution Providers.
*Business registered with ACRA and local companies registered with ACRA.
How to participate
- Newly incorporated businesses who have claimed their Corppass will be notified by IMDA via email to register for the InvoiceNow Accelerate programme.
- Businesses can choose their preferred InvoiceNow Accelerate solution provider to enjoy one-year free InvoiceNow services. The participating solution providers are:
- 361 Degree Consultancy Pte Ltd
- OCI System Pte Ltd
- SESAMi (Singapore) Ptd Ltd
- Upon successful registration on the InvoiceNow network, businesses will receive a Peppol ID, enabling them to start sending and receiving e-invoices via InvoiceNow with their business counterparts who are also on the network.
GST InvoiceNow Requirement
On 15 Apr 2024, Inland Revenue Authority of Singapore (IRAS) announced plans for a phased adoption of InvoiceNow for GST-registered businesses (“GST InvoiceNow Requirement”). This marks a collaborative endeavour involving IMDA and IRAS to enhance productivity, improve compliance and reduce costs for businesses through the adoption of InvoiceNow.
GST-registered businesses will be required to transmit invoice data to IRAS using InvoiceNow-Ready Solutions via the InvoiceNow network. This mandatory participation will be implemented progressively:
A soft launch for early adoption will commence from 1 May 2025, allowing non-mandatory participation from existing GST-registered businesses and those businesses applying for GST registration on/after 1 May 2025 that wish to be early adopters to transmit invoice data to IRAS using InvoiceNow-Ready Solutions via the InvoiceNow network.
There are plans to progressively extend mandatory participation to new compulsory GST registrants and the remaining GST-registered businesses. IRAS will continue to consult industry partners and carefully review the feedback received before announcing further details.
Businesses can seek support from IRAS or IMDA in their adoption of InvoiceNow. For more information on the implementation of InvoiceNow for GST-registered businesses, please refer to the IRAS webpage.
InvoiceNow Service Providers and GST-registered businesses can refer to the technical design documentation to enhance their solutions for the submission of invoice data to IRAS here: InvoiceNow Technical Guidebook Page.
Click here to view the list of FREE InvoiceNow Packages for GST-registered businesses.
InvoiceNow for government vendors
About 50% of government vendors are now registered on the nationwide e-invoicing network, InvoiceNow. The Government will implement InvoiceNow as the default e-invoice submission channel for all Government vendors who are registered businesses within the next few years and will eventually replace the Vendors@Gov portal for this group of vendors. We strongly urge vendors who are onboard the network to start sending e-invoices through this channel and those who yet to come onboard to do so as soon as possible.
Support for government vendors
Kindly fill in your enquiry in this form should you require assistance on how to onboard and use InvoiceNow: http://www.go.gov.sg/invoicenow-govtvendors-assistance
Contact us
If you need to get in touch, please email us at einvoice@imda.gov.sg.
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