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10.31.23

IRAS update on the use of InvoiceNow for GST administration

IRAS conducted a pilot project on the use of a Peppol CTC mode which leverages Peppol data structures and service providers to help businesses compliance. The pilot validated the hypothesis of extending the 4 corner Peppol model to a 5 corner model.

More details on the New Digital Solution Ideas discussed at the Forum on Tax Administration Plenary 2023 can be found at https://www.iras.gov.sg/news-events/newsroom/new-digital-solution-ideas-deepening-partnerships-at-the-16th-forum-on-tax-administration-plenary-2023

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