Zoho Corporation has unveiled the Singapore edition of its cloud-based accounting software, Zoho Books, designed to simplify GST and e-invoicing compliance for local businesses. This launch, announced on 6 August 2025, is part of Zoho’s finance and operations suite, offering enhanced financial and operational management whilst ensuring adherence to Singapore’s regulatory standards.
The Singapore edition of Zoho Books integrates AI capabilities and automation to streamline GST calculations and compliance with the Inland Revenue Authority of Singapore (IRAS) regulations. Gibu Mathew, VP and GM of Zoho APAC, stated, “The launch empowers organisations to improve accuracy, reduce manual effort, and navigate an increasingly complex regulatory environment.”
A recent Zoho survey revealed that whilst 82% of Singaporean businesses find IRAS guidance straightforward, 32% still file manually, and 71% spend up to five days preparing GST returns. Zoho Books addresses these challenges by automating tax calculations and generating IRAS-ready F5 returns, reducing manual processes and compliance risks. This is crucial as IRAS recovered $162m, including penalties, in FY23/24 due to compliance lapses.
Zoho Books also supports e-invoicing compliance, allowing B2B businesses to send invoices electronically according to PEPPOL standards. The software offers features like AI-driven receipt capture, audit trails, and integration with Zoho Analytics for data-driven decision-making.
The Singapore edition includes other Zoho solutions like Zoho Inventory, Zoho Billing, and Zoho Expense, each tailored to enhance business operations and compliance. Zoho Books is available immediately, starting at S$18 per month, with a free plan option.
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