As governments across the globe, particularly in the APAC region, adopt e-invoicing mandates to enhance tax compliance and streamline operations, the landscape is shifting rapidly. But what does this mean for global multinational companies operating in the APAC region, especially in Singapore and Malaysia?

In this session, we’ll delve into the evolving global e-invoicing requirements with a special focus on recent mandates in the APAC region. We will discuss compliance trends and their implications for global businesses. Attendees will gain insights into:

• How APAC mandates, particularly in Singapore and Malaysia, affect cross-border operations.
  • Singapore: The Inland Revenue Authority of Singapore (IRAS) has introduced the GST InvoiceNow e-invoicing framework for tax administration purposes based on the Peppol network.  The GST InvoiceNow is being introduced through a phased implementation beginning November 2025 with newly incorporated businesses applying for GST on a voluntary basis.
  • Malaysia: Malaysia is implementing a phased e-invoicing mandate. From January 2025, medium-sized businesses with an annual turnover between RM25 million and RM100 million will be required to comply, with full implementation by July 2025.
• The risks and challenges of non-compliance, including penalties and operational disruptions.
  • Non-compliance with these mandates can lead to significant penalties and operational disruptions. Businesses must ensure their systems are capable of generating and transmitting e-invoices in the required formats to avoid these risks.
• Strategies to harmonize compliance efforts across diverse regions.
  • Harmonizing compliance efforts involves adopting standardized e-invoicing solutions that can cater to the specific requirements of different countries. Leveraging platforms like InvoiceNow in Singapore and MyInvois in Malaysia can help streamline processes and ensure compliance.

Join us to uncover what’s happening "over there" and learn how proactive planning can safeguard your organization’s global operations while leveraging compliance as a competitive advantage.