Singapore | New Zealand | E-Invoicing
April 18, 2024
Singapore and New Zealand Prime Ministers Announce eInvoicing Memorandum of Agreement
Further steps in promoting eInvoicing adoption in the Asia-Pacific (APAC) region.
New Zealand’s Prime Minister Christopher Luxon and Singaporean Prime Minister Lee Hsien Loong announced on Monday, 15 April 2024, the signing of the eInvoicing Memorandum of Agreement (MoA). This agreement signifies the commitment of both parties to collaborate and promote initiatives that facilitate the adoption of eInvoicing by businesses. Specifically, the agreement aims to:
- Promote Infrastructure Support: Enhance the underlying infrastructure to facilitate seamless eInvoicing processes.
- Increase Awareness and Capacity: Create awareness among businesses and build their capacity for adopting eInvoicing practices.
The Info-communications Media Development Authority of Singapore (IMDA) and the Ministry of Business, Innovation and Employment (MBIE) of New Zealand have a well-established working relationship. Regular meetings are conducted with counterparts from Australia, Japan, Malaysia, and Singapore to exchange information, discuss common interests, and explore initiatives promoting eInvoicing adoption in the Asia-Pacific (APAC) region.
The MoA strengthens the existing cooperation between Singapore and New Zealand and formalizes MBIE's partnership with IMDA. It is in alignment with a similar agreement between the Australian Tax Office (ATO) and IMDA.
MBIE and IMDA have recognized the opportune moment to enhance their collaboration and emphasize the importance of establishing standardized practices within the APAC region and among key trading partners.
SOURCE:
About Authors:
LATAM | Tax Policy
How Regional Cooperation and Exchange of Information (EOI) are Driving Revenue Growth and Fairer Tax Systems.
US | Big 4
Job Cuts Hit Recently Hired and Promotion-Eligible Staff as PwC Adjusts to New Realities
UK | Transfer Pricing
Stakeholders are invited to review the draft legislation and submit their feedback by 11:59pm on 7 July 2025. The consultation follows a 2023 policy review and includes detailed supporting documents, such as explanatory notes and revised statements of practice
Egypt | Tax Policy
Through Its E-Commerce Tax Unit, the Egyptian Tax Authority Engages with Egypt’s Digital Economy and Unveils Legislative Reforms to Support Startups, Freelancers, and Non-Resident Platforms
US | Customs
Donald Trump announces sweeping new tariffs on international movie imports, calling foreign incentives a threat to U.S. film industry jobs and national security.
Egypt | VAT
Egyptian Tax Authority (ETA) Rolls Out a Transparent, Hassle-Free VAT System for Global Providers of Digital and Remote Services.
Italy | VAT
Italy Seeks Nearly €1 Billion in VAT payments from Meta, X, and LinkedIn, Targeting Transactions from 2015 to 2022
Egypt | Tax Policy
Fostering Trust, Partnership, and Business Confidence Through Fair and Efficient Tax Services
Reach your target audience
Contact us at hello@taxspoc.com