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Philippines EIS VAT e-invoicing launched

E-invoicing System EIS partial launched 1 July 2022 for 100 businesses; full rollout 2023

The Philippines Bureau of Internal Revenue (BIR) has launched 1 July 2022 mandatory e-invoicing for around 100 large taxpayers based on the Tax Reform for Acceleration and Inclusion Act (TRAIN) Act. The Philippines system is based on a live listing of transactions being transmitted to the authorities; not a pre-clearance e-invoicing model. Invoices are created with a digital signature and transmitted to the authorities in JSON format. There is no requirement for a pre-clearance.

You can follow VAT Calc’s global live VAT invoice transaction and e-invoice blog with country-by-country real-time reporting plans. Subscribe to our frequent global VAT and GST news letter for other updates.

Electronic Invoicing System

The BIR has adopted a live transmission model such as South Korea’s e-Tax invoice. This is known as Electronic Invoicing System (EIS). This will be divided into two parts:

  1. EIS invoice accreditation and invoice transmission system
  2. BIR back-end for tax authorities

The following categories of transactions are mandated to use e-invoice:

  • e-commerce
  • Large tax payers
  • Exporters

EIS documents:

The system covers the following documents:

  • Sales invoices
  • Cash till receipts
  • Credit and debit notes

E-invoicing will also directly support businesses:

  • Simplify tax reporting
  • Reduce expensive manual and paper-based invoice processes
  • increase productivity on invoice issuance and its management

VAT determination for your e-invoicing?

VAT Calc’s in real-time global Calculator and Auditor  services produce instant and accurate tax calculations for e-invoices such as the Philippines or general ERP and VAT filing purposes.

Asia Pacific e-invoicing

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