SQL Account is InvoiceNow-Ready
GST-registered businesses will be required to transmit invoice data to IRAS using InvoiceNow-Ready Solutions via the InvoiceNow network. Get ready to meet the phased adoption timeline.
What is InvoiceNow?
Introduced in 2019 by IMDA, InvoiceNow lets businesses send and receive e-invoices directly between their accounting software systems via the Peppol network. Unlike sending a PDF file or online invoice via email, the invoice is automatically sent to a buyer’s accounting system through the secure InvoiceNow e-invoicing network. And as long as both the sender and receiver are using InvoiceNow-ready software, e-invoices can be exchanged seamlessly and almost instantly.
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What is GST InvoiceNow?
(For GST-registered Business)
To further support the nationwide InvoiceNow initiatives and Inland Revenue Authority of Singapore (IRAS) digital transformation efforts on wider ecosystem and tax integration into accounting and payroll solutions, GST-registered businesses will be required to use InvoiceNow-Ready accounting solutions to submit invoice data to IRAS.
InvoiceNow Benefits That Steer Your Business Forward
Greater Simplicity
​One invoicing solution for all parties - including businesses & governments, with seamless tax compliance.
Boost Efficiency
Automates supplier invoice delivery directly to buyer's solution, no more manual data entry and costly mistakes.
Enhance Reliability
​Invoices are sent securely via InvoiceNow network using international Peppol standard, minimising lost or compromised invoices.
Shortens Audit Process
With InvoiceNow-Ready solution, businesses can expect shorter GST audits, faster refunds as invoice data is transmitted to IRAS.
GST InvoiceNow Requirement for GST-registered Business
All GST-registered businesses will soon be required to transmit invoice data to IRAS using InvoiceNow-Ready Solutions. To allow businesses sufficient lead time to prepare, the GST InvoiceNow Requirement will be implemented in a progressive manner as below.
1 May 2025
All GST-Registered companies that wish to be early adopters. Adopt InvoiceNow-Ready Solutions and start transmit invoice data to IRAS.
1 Nov 2025
Newly incorporated companies that apply for voluntary GST registration are required to start transmit invoice data to IRAS using InvoiceNow-Ready Solutions.
1 April 2026
All companies that apply for voluntary GST registration companies are required to start transmit invoice data to IRAS using InvoiceNow-Ready Solutions.
How SQL Account GST InvoiceNow Works?
SQL Account with InvoiceNow feature will be connected to IRAS through Access Points (AP). This enables the transmission of invoice data to IRAS. When businesses transmit invoice data to IRAS, IRAS will receive a copy of the invoice data.​
Here's an overview on how the invoice data from seller and buyer transmits to IRAS.
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InvoiceNow-Ready Solutions like SQL Account will be connected to IRAS through Access Points (AP). This connection will enable the transmission of invoice data to IRAS. When businesses transmit invoice data to IRAS, IRAS will receive a copy of the invoice data whenever businesses issue or receive invoices via the InvoiceNow network, or when they record other invoices into their InvoiceNow-Ready Solutions.
Start Your InvoiceNow with SQL Account
Be an Early Adopter!