E-invoicing is gaining global traction as tax authorities aim to enhance compliance and efficiency. While its core involves structured invoice data exchange, implementations vary by country. Some use it to combat tax evasion, others to streamline business processes. Southeast Asian nations, including Singapore, are adopting e-invoicing. Singapore launched InvoiceNow, based on the Peppol framework, enabling seamless invoice exchange. From 2025, GST-registered businesses must transmit invoice data to IRAS via InvoiceNow. Key considerations include regulatory compliance, tech integration, data security, training, and monitoring. Accurate data transmission is vital to avoid discrepancies and ensure smooth GST compliance.

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