Singapore – Country Profile

Singapore – Country Profile

Nationwide E-Invoicing Framework in Singapore

 

The Info-communications Media Development Authority (IMDA) is working with industries to implement the nationwide E-Invoicing framework to help businesses improve efficiency, reduce cost, enjoy faster payment cycles, access to new financing options and build a strong foundation for digitalisation.

 

IMDA joined as the PEPPOL Authority in Singapore in May 2018, and is responsible for approving and certifying Access Point (AP) providers in Singapore. As the PEPPOL Authority, IMDA is also responsible for setting national rules and specifications that meet Singapore’s domestic requirements. Currently, there is no national extension of the PEPPOL BIS format. BIS 3.0 will be used as the standard for Singapore.

 

SGNIC, a subsidiary of IMDA, is the appointed Service Metadata Publisher (SMP) in Singapore. The Singapore APs will need to register the PEPPOL ID of Singapore businesses with the Singapore SMP. The format of the PEPPOL ID is made known to all Singapore APs.

 

IMDA is working with the relevant stakeholders, including other government agencies, trade associations, APs, solution providers, large businesses, and Small and Medium-sized Enterprises, to create a vibrant e-invoicing ecosystem in Singapore. In addition, IMDA is leading the adoption of PEPPOL in the ASEAN region. IMDA will assist the neighbouring countries in the ASEAN (Association of Southeast Asian Nations) region who are interested in introducing a domestic standard of e-invoicing and promote more seamless cross-border businesses activities.

 

For more information, please visit www.imda.gov.sg/einvoice or email us at einvoice@imda.gov.sg.