InvoiceNow grants: what you can actually claim
There is real money attached to InvoiceNow adoption, and the amount depends on one number: your annual supplies. Here are the grants, the exact figures IRAS publishes, and the part that trips people up — what these grants do not pay for.
Which grant applies to you
The published amounts
| Eligible business | Grant | Amount |
|---|---|---|
| SMEs — annual supplies ≤ S$4,000,000 | GST InvoiceNow Transition Grant | S$1,000 |
| Larger businesses — annual supplies > S$4,000,000 | GST InvoiceNow Transition Grant | S$5,000 |
| Larger businesses — annual turnover > S$4,000,000 | InvoiceNow Queen Bee Grant | S$25,000 |
Figures as published by IRAS on the GST InvoiceNow Requirement page. Eligibility, application and appeals are handled by IMDA.
What about PSG?
The Productivity Solutions Grant is the one most people ask about, and it is a different thing. PSG supports pre-approved digital solutions broadly — accounting and ERP systems among them — rather than InvoiceNow specifically. In practice that means PSG may help fund the software you adopt, while the Transition Grant is aimed at the cost of getting onto the network.
Do not assume they stack, and do not assume either is automatic. Both have their own eligibility rules and both are administered outside IRAS. Check current terms with IMDA and Enterprise Singapore before you budget on them.
There is also a free route
Before you chase a grant, check whether you need to spend anything at all. Thirteen accredited providers offer a complete free-of-charge package to GST-registered businesses, with no conditions attached. For a smaller business already on a listed accounting package, the realistic cost of compliance can be zero.
- See the 13 free packages — including the three that expire in March 2027.
- Check whether your software is already accredited — if it is, this may be a settings change.
Do this first
Grants are time-bound and your deadline decides how much runway you have. Work out your implementation date before you apply for anything — if you are in the 2031 phase, there is no rush, and rushing is how businesses pay for things they did not need.
Work out your InvoiceNow date →
Grant amounts as published by IRAS on the GST InvoiceNow Requirement page, checked 11 September 2026. Grants are administered by IMDA and Enterprise Singapore, and terms change — confirm current eligibility with them before committing. Independent guide, not advice, and not affiliated with IRAS, IMDA or Enterprise Singapore.
