E-Invoicing Registration Grant
The E-Invoicing Registration Grant is a new scheme from IMDA in partnership with ESG to help businesses to digitalise. As businesses looks for digital solutions to enable their staff to work remotely this grant will directly assist business to enable e-invoicing features on their existing or new solutions, allowing their finance staff to work remotely and create a network effect so all participating businesses can benefit from improved efficiency and reduced cost and be paid in a timely manner.
This grant provides businesses with a one-time payment of $200 per UEN, upon first registration to the E-Invoicing Network on or before 31 December 2020.
The grant is applicable to organisations who have a valid and active Unique Entity Number (UEN) which will be used for the registration on the network. UENs eligible for the grant include UENs of businesses and local companies registered with ACRA and entity-type UENs; exclude foreign military units; Government and Government-Aided schools; high commissions, consulates, international organizations registered with MFA; PA Services, Grassroot Units; Government agencies and bodies performing public duties.
To qualify, the organisation needs to be incorporated by 25 March 2020 and registered on the network on or before 31 December 2020 to receive the $200 grant via PayNow Corporate.