Covid-19 Grant - Peppol E Invoicing Grant
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What is Peppol E Invoicing?
IMDA implemented the nationwide E-invoicing network in 2019 to help businesses improve efficiency, reduce cost, enjoy faster payment and stay green at them same time.
This network is an extension of the International Peppol E-Delivery Network allowing businesses to transact internationally with other linked companies.
GEbiz Suppliers are encouraged to submit e-invoices to the Government agencies via the Nationwide E-invoicing Network.
Why is there a grant for Peppol E Invoicing?
This grant is a new scheme by Singapore IMDA to help businesses to digitalise.
This grant will directly help businesses to get onboard e-invoicing, to allow their finance team to work remotely.
It would also create a network effect so all participating businesses can benefit from improved efficiency and reduced cost and be paid in a timely manner.
This grant provides businesses with a one-time payment of $200 per UEN via PayNow, upon first registration to the E-Invoicing Network on or before 31 December 2020.
This grant is applicable for businesses which are valid, active and registered in Singapore on or before 25 March 2020. Payment will be disbursed by PayNow Corporate to the registered UEN (without suffix).
Ready to sign-up? Contact us today at 6262 0402 to find out how!
Disclaimer: All information have been prepared for general information purposes only, to permit you to learn more about ACE Business, our services and related matters.
The information presented is not legal advice, is not to be acted on as such, may not be current and is subject to change without notice.
For latest grants information, please check out the Business Grant portal at www.gov.sg.