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Philippines EIS VAT e-invoicing 2022 – 2023

E-invoicing System EIS partial launch 1 July 2022; full rollout 2023

The Philippines Bureau of Internal Revenue (BIR) has launched at the start of April a small pilot e-invoicing programme, with the country’s largest businesses participating in a pilot. The aim for a 1 July 2022 implementation 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.

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Electronic Invoicing System

The BIR is looking at a live transmission model such as South Korea’s e-Tax invoice. This will likely be known as the Electronic Invoicing System (EIS) and should be implemented by February 2022 following an ongoing trial. 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 will be mandated to use e-invoice:

  • e-commerce
  • Large tax payers
  • Exporters

EIS documents:

The system will cover the following documents:

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

BIR is keen to complete the preparation this year, and capitalise on the lessons learned from the COVID-19, with taxpayers struggling to produce up-to-date and accurate VAT reporting adding to the confusion around supporting the economy. 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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