Peppol eInvoicing in the Asia-Pacific Region: An Overview for 2025

As eInvoicing continues to grow globally, the Asia-Pacific region is emerging as a hotspot for its adoption, driven by regulatory mandates and increasing awareness of the benefits of eInvoicing. Here’s a snapshot of the eInvoicing landscape in key Asia-Pacific markets as of January 2025.

Singapore’s government has outlined a phased approach to mandating eInvoicing through its InvoiceNow initiative, which is part of the global Peppol network. This progressive rollout ensures businesses have adequate time to adapt:

Malaysia’s Inland Revenue Board (IRB) has introduced clear timelines and guidelines for eInvoicing adoption this year:

These deadlines follow an earlier requirement introduced on 1 August 2024, mandating that Malaysian taxpayers with annual turnovers exceeding 100 million ringgits must implement eInvoicing starting from this date.

In May 2024, the Australian government allocated $23.3 million over four years to enhance eInvoicing adoption and capabilities, with a strong emphasis on improving the security of invoicing for businesses.

The Australian Competition and Consumer Commission (ACCC) reported significant losses from payment redirection scams in 2023, highlighting the need for secure invoicing solutions. Australians lost $16.2 million to scams in 2023, a marked increase from previous years.

As of January 2025, 129 Australian government entities are using the Peppol network, and over 410,000 businesses are registered on the Peppol network. Based on the government’s budget commitments to eInvoicing, it is expected that uptake will continue to accelerate and that mandates may be introduced in the future.

Key benefits of eInvoicing for Australian businesses:

New Zealand’s eInvoicing landscape is rapidly evolving, with mandates set to come into effect from next year. 

As of December 2024, over 50,000 New Zealand businesses are already registered for eInvoicing, reflecting strong growth in adoption.

The adoption of Peppol eInvoicing across the Asia-Pacific region demonstrates its value in enhancing efficiency, reducing fraud, and improving compliance. Whether you’re in Singapore, Malaysia, Australia, or New Zealand, understanding the timelines and requirements is critical to staying compliant and reaping the benefits of this digital transformation.

For assistance in navigating the eInvoicing landscape, contact Tickstar today. With our expertise as the world’s largest Peppol eInvoicing service provider and a proud subsidiary of Xero, we’re here to support your journey.

The dates and statistics provided in this blog are current as at January 2025 and are subject to change. Readers are encouraged to verify the latest updates in their region to ensure compliance.