TnB Global Outsource Pte Ltd
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E-Invoicing Registration Grant (ERG)
The E-Invoicing Registration Grant is a new scheme from IMDA in partnership with ESG to help businesses digitalize. This grant provides businesses with a one-time payment of $200 per UEN, upon first registration to the E-Invoicing Network
Why TnB | What is ERG | Eligibility | FAQs | Contact Us
Why choose us
A confident vision and objective to meet the future.
Experienced
To have most of our clients with us for more than 10 years and we believe that our continued success can help you in your business.
Cost-effective
Our main objective is to help businesses to achieve their personal and business financial goals and save you money in the process.
Flexible
We sit on the same side of the table as YOU to provide business solutions to business problems – we listen to your business problem and offer strategies to resolve the problem and achieve your objectives.
What is this grant about?
SMEs can join the nationwide e-invoicing network by
subscribing to Peppol-ready solutions approved by IMDA.
The one-time grant of $200 is to encourage every organization to join the nationwide einvoicing network early and benefit from operational efficiency and reduced cost via
digitalisation. It will be used to offset the small incremental cost for in adopting Peppol-ready accounting/ERP solutions.
Calculation Example
Employer decides to enhance its productivity through automation and applies for Productivity Solutions Grant (PSG)
QuickBooks Online Package
Less PSG 80% funding
Balance remaining
Less SFEC 90% funding
Balance Remaining
Less ERG
Total Payable
$5,580.00
($4,464.00)
$1,116.00
($1,004.40)
$111.60
($200.00)
$0.00
Eligibility & Application
What are the eligibility criteria?
The Grant is only available to businesses and entities which:
-
have been registered in Singapore on or before 25 March 2020;
-
have registered with an IMDA approved Peppol Service Provider on or before 31 December 2020;
-
have registered their UEN (without suffix) to their respective PayNow Corporate accounts,
-
have an active and valid UEN which is used for the registration on the E-Invoicing Network;
-
are not Excluded Entities; and
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are registered with the Accounting and Corporate Regulatory Authority (ACRA) or any other UEN issuing agency,
Application
You may contact us to assist in registering on Peppol Network.
Frequently asked questions
Why is the grant only for organisations with UENs? Why can’t a self-employed person without a UEN claim this grant?
Only an organisation with a valid UEN can register on the nationwide e-invoice network. Hence only organisations with UENs qualify for this grant.
How does an organisation claim this grant? When can the organisation get the grant? Who will the organisation get it from?
There is no need to claim the grant. The first 50,000 organisations who successfully register on the network on or before before 31 December 2020 will automatically receive the payout via PayNow Corporate. Should the attempt to send the payment to the PayNow Corporate account fail, we will make 2 more attempts in the subsequent 2 months. This will give the organisation sufficient time to register their PayNow Corporate account
Why must the organisation have a PayNow Corporate without suffix to receive the payout? Why can't the organisation receive the payout using other modes?
IMDA would like to encourage an easy and common payout mechanism based simply on UEN for organisations. This will encourage a streamlined process and minimise errors.
How can I check if I have been paid?
You can check your bank account for the payment a month after registering.
Does it cost anything for my organisation to register?
There are several options to join the nationwide e-invoicing network depending on the requirement of the organisation. There is a list of Peppol-ready solutions providers approved by IMDA to cater for the different needs of the organisation.
My organisation is already on the nationwide e-invoicing network. Do we get to enjoy the grant?
Yes, as long as you meet the criteria.
What if the organisation changes his E-invoicing service provider after getting the $200 grant?
The organisation will not be required to return the $200 grant if he changes his service provider.
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