Singapore has introduced a reporting system that mandates the tax authority (IRAS) to obtain a summary or full copy of every invoice issued in the country.
Different regulations and procedures apply to B2B, B2G, B2C, and cross-border transactions. Additionally, IRAS requires businesses to store e-invoices for a minimum of five years, and to ensure compliance when receiving e-invoices from non-Singaporean senders.
For more details, request our 'E-invoicing in Singapore' guide.