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The Philippine e-invoicing system kicks off with a pilot and an upcoming mandate

15 July 2022
Philippines

As previously written, the Electronic Invoicing/Receipting System (EIS) pilot project was postponed to July. Starting this month, 100 selected taxpayers must issue and transmit their transactional documents, including e-invoices and e-receipts, to the EIS.   Taxpayers in the scope   According to the Revenue Regulations No. 8-2022 and No. 9-2022 from the Bureau of Internal Revenue (BIR), the following taxpayers will be in the scope of the EIS when the mandate kicks off: Taxpayers engaged in the export of goods and services; Taxpayers involved in electronic commerce (e-commerce); and Taxpayers under the Large Taxpayers Service (LTS).   VAT payers not...