Singapore adopts national e-invoice system

Singapore

SINGAPORE has adopted its own national e-invoice system based on a widely-used European standard, as the government continues to outfit local businesses with the capabilities for the digital economy.

The authorities will use the Pan European Public Procurement On-Line (PEPPOL) system for its nationwide e-invoice system, said Communications and Information Minister S Iswaran on Monday. This will help companies here speed up business transactions while minimising disputes, errors and operating costs.