E-Invoicing in Singapore [2023 Requirements]

Singapore is on the Road to E‑invoicing

Singapore was one of the pioneers in the field of e-invoicing in the ASEAN region and introduced the obligation to use electronic document exchange in 2018. Since then, it has been a rule in B2G relations that government authorities exchange e-invoices with private companies via Peppol network.

The Infocomm Media Development Authority (IMDA) established in 2019, which was the first accredited Peppol Authority operating outside Europe, intends to digitize and promote electronic invoicing in Singapore. In order to reduce errors, time spent processing invoices and payments, IMDA has created a nationwide network for e-invoicing - InvocieNow and promotes the adoption of electronic invoicing in the private sector.

Who is obliged to use e‑Invoicing in Singapore

E-invoicing for B2B is not mandatory in Singapore at any level. However, it is strongly recommended by IMDA.

What is the required format of an e-invoice

E-invoices are exchanged based on the PEPPOL interoperability framework. Accepted format is Peppol BIS Billing 3.0.

Archiving requirements for e‑Invoicing in Singapore

Required storage period is 5 years.

How integrity and authenticity may be ensured?

Integrity and authenticity must be ensured. An Advanced Electronic Signature can be used to meet these requirements.

Acts / Government sites

Business - Infocomm Media Development Authority

How can we help?

Comarch is currently participating in the certification process to become the authorisied Peppol Service Provider in Singapore.

1. Legal compliance
Full compliance with the latest data exchange regulations and modern data transfer standards
2. Digitization
Applying new technologies and IT solutions in order to streamline workflows and automate activities and procedures
3. Individual approach
Tailor-made solutions based on processes specific to each company – own road map and a suitable pace of changes
4.Security
Highest level of security for all sensitive and important company data

Read more about Comarch e-invoicing