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Singapore is moving forward with the progressive implementation of InvoiceNow, its national Peppol-based e-invoicing network, with a timeline that will gradually extend the transmission of invoice data to the Inland Revenue Authority of Singapore (IRAS) among GST-registered businesses.
PEPPOL was created in 2008 as a pilot Project by the European Comission and is governed by a set of specifications and standars based on multilaterals agreements. Its acronyc stands for Pan-European Public Procurement Online (PEPPOL).
PEPPOL was launched in 2008 as an EU initiative to facilitate the development of e-procurement in Europe. Its primary goal is to provide a secure and reliable exchange of different types of data sets between end-users via PEPPOL service providers.
E-invoicing implementation through the PEPPOL network plays a pivotal role in the digital transformation process of countries. Its extensive acceptance, continual enhancements and inherent advantages enable a remarkable enhancement of business operations in Australia and New Zealand.
