Invoice data are submitted to IRAS differently depending on whether the supplier and customer are connected to the InvoiceNow network.
There are four main types of invoice data submissions:
Submission Type | Description | Submission Method |
Type 1A | Supply transaction made within the InvoiceNow network | Peppol / InvoiceNow |
Type 1B | Corresponding purchase transaction received within the InvoiceNow network | Solution-extracted |
Type 2 | Supply transaction made outside the InvoiceNow network | Solution-extracted |
Type 3 | Purchase transaction made outside the InvoiceNow network | Solution-extracted |
For the Million Accounting System, Type 2 and Type 3 are further separated according to the transaction method.
