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Singapore has implemented e-invoicing as part of its Peppol e-invoicing Network, making it easier for businesses to issue and receive invoices digitally. The system is designed to improve efficiency, reduce errors, and streamline financial transactions.
While e-invoicing is not yet mandatory for all businesses, the government encourages adoption through incentives and industry partnerships. Businesses using Peppol benefit from seamless cross-border transactions and faster payment processing.
Regulatory authority
The Infocomm Media Development Authority (IMDA) oversees Singapore’s e-invoicing framework.
E-invoicing requirements
E-invoicing is voluntary but highly encouraged, with government incentives available for businesses that adopt Peppol invoicing.
Accepted invoice formats
Invoices must be issued in Peppol BIS format, compatible with international e-invoicing standards.
Transmission channels
Invoices are transmitted through the Peppol e-invoicing Network or corporate ERP systems.
Digital signatures
Digital signatures are not required but may be used for authentication.
Archiving requirements
Invoices must be archived for at least five years under Singaporean tax regulations.
How B2B e-invoicing works in Singapore
Businesses generate invoices in Peppol BIS format and submit them through Peppol-certified networks for validation and processing.
How B2G e-invoicing works in Singapore
Government suppliers must submit invoices through Peppol to ensure compliance with procurement standards.
Ready to get started?
Schedule a consultation to explore the benefits of e-invoicing.
