{"id":4223,"date":"2020-11-17T20:09:48","date_gmt":"2020-11-17T12:09:48","guid":{"rendered":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/timcole.com.sg\/?p=4223"},"modified":"2021-02-02T15:19:06","modified_gmt":"2021-02-02T07:19:06","slug":"e-invoicing-registration-grant","status":"publish","type":"post","link":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/timcole.com.sg\/e-invoicing-registration-grant\/","title":{"rendered":"E-Invoicing Registration Grant (Expired: 31 Dec 2020)"},"content":{"rendered":"

E-Invoicing Registration Grant <\/strong>is launched by\u00a0Enterprise Singapore<\/a>\u00a0and IMDA<\/a>. The primary aim of this grant is to promote the digitalization of businesses in Singapore.<\/p>\n

Thanks to technological advancements, more and more companies are exploring digital solutions and steering towards remote working. Such companies will directly benefit from this grant to offer e-invoicing features on new or existing systems. Not only will this allow their finance team to perform efficiently even when on-the-go, but it will also enhance the company\u2019s overall payment ecosystem.<\/p>\n

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What is the Grant Amount?<\/h2>\n

The first 50,000 businesses that enroll for this Singapore e-invoicing network will receive a one-time $200 payment<\/strong>. To benefit from the grant, you are required to complete the first registration before 31 December 2020<\/strong>.<\/p>\n

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Eligibility Criteria for the E-Invoicing Registration Grant<\/h2>\n

To be eligible, companies will have to be incorporated before 25 March 2020. No application is necessary. Qualified companies will automatically receive the $200 payment through PayNow Corporate<\/a>.<\/p>\n

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How to Register: Use Qualified Peppol-Ready Software<\/h2>\n

To register to the nationwide e-invoicing network, companies simply need to subscribe to IMDA-approved Peppol-ready solutions such as ABSS<\/a>, Xero<\/a>, or Deskera<\/a>.<\/p>\n

\"\"If you have yet to own any e-invoicing software yet, you may consider subscribing to one of the most popular e-invoicing software in Singapore – Xero cloud accounting software<\/strong>.<\/p>\n

Along with the one time $200 e-invoicing grant, now you will also benefit from a 80% PSG government subsidy<\/strong> for the setting up of Xero. This funding is only available from pre-approved PSG vendors. Timcole<\/a><\/strong> is one of the few approved PSG vendors in Singapore. Learn more about the 80% PSG Xero funding here.<\/a><\/p>\n

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Additional Government Grant<\/h2>\n

Aside from the e-invoicing registration grant, there are also 2 more government grants which will cover the software cost.<\/p>\n

In addition, these grants include system setup, personalised training, and free 1-year software subscription. They are:<\/p>\n