IRAS updates GST registration guide, requiring all new registrants to submit invoices electronically via InvoiceNow from 1 April 2028. The guide details pre-registration steps, myTax Portal workflow, supporting documents, and compliance standards.
The Inland Revenue Authority of Singapore (IRAS) has updated its Guide to completing the GST registration form, with the main change highlighting the InvoiceNow implementation date for all new GST-registrants, including those required to register compulsorily.
InvoiceNow is an e-invoicing network built on the Peppol framework that allows businesses to submit invoice data electronically to IRAS. Starting 1 April 2028, all new GST-registrants must comply with this requirement, ensuring invoice data is transmitted through InvoiceNow as part of the GST registration process.
The revised guide serves as a comprehensive technical resource for entities navigating GST registration in Singapore. It provides detailed instructions for different business types, including sole proprietors, local companies, and overseas vendors, and stresses the importance of using official government websites for security.
Key pre-registration steps are outlined, such as assessing tax liability with calculators and completing mandatory e-learning modules for voluntary applicants. The guide also covers the myTax Portal submission workflow, with specific instructions on completing business profiles, preparing financial forecasts, and disclosing taxable supplies.
Supporting documentation required for approval is clearly listed, including ACRA profiles, signed sales contracts, and rental agreements. Additionally, the guide clarifies compliance standards, including the new InvoiceNow mandate and mandatory GIRO arrangements for voluntary registrants.
Overall, the update aims to streamline the GST registration process while ensuring all new registrants are prepared to comply with Singapore’s e-invoicing standards.
