Basware e-invoice sending customers in Singapore now can take avail of the newest feature GST reporting to IRAS.
As per Singapore’s guidelines to support the nationwide InvoiceNow initiative, and as part of the ongoing transformation efforts to digitalise with the wider ecosystem and integrate tax into taxpayers’ accounting and payroll systems, GST-registered businesses will be required to use InvoiceNow-Ready Solutions to send invoice data to IRAS for tax administration purpose. Invoices that are not issued using InvoiceNow (e.g. for sales made via point-of-sale systems) should also be recorded in InvoiceNow-Ready Solutions and sent to IRAS.
Basware facilitates the transmission of all invoices required for reporting purposes to IRAS.