Singapore Spearheading the E-Invoicing Roll-out in ASEAN

E-Invoicing Exchange Summit Singapore

Kreuzlingen, Switzerland, November 2019 – The E-Invoicing Exchange Summit took place in Singapore on November 5 and 6, 2019. Almost 150 international experts, thought leaders and key decision-makers from 33 nations gathered to discuss best practices, new market developments, international solutions, and formed valuable, long-lasting business partnerships.

With the ASEAN region now approaching the implementation at full speed, topics at the E-Invoicing Exchange Summit highlighted Singapore“s first experiences in becoming a PEPPOL authority, and their strategy to onboard businesses to E-Invoicing. In the Singapore keynote IMDA“s Director-General for International Affairs made clear what important part E-Invoicing plays in Singapore“s strategy for a digital economy.
In the multinational, top-flight panels of experts the harmonization of different initiatives towards a truly global interoperability framework as well as the ASEAN perspective on E-Invoicing have been discussed intensively.

Presentations from South Korea, India and Taiwan showed their current status of implementation and the plans for a fast roll-out in the near future. More presentations gave insights into the legislative changes to new tax reporting requirements up to real time E-Invoicing requirements via government platforms. Country insights from Europe, Kazakhstan, Australia and New Zealand rounded off the convincing two day agenda.

Keywords:E-Invoicing, E-Billing, Exchange Summit, ASEAN, Singapore, digitization, PEPPOL, IMDA, digital economy, interoperability, tax reporting