The Philippines’ e-Invoicing System Gets an Update

The Philippines is advancing its Electronic Invoicing System (EIS), led by the Bureau of Internal Revenue (BIR). 

Initially targeting the top 100 taxpayers, the system aims to streamline tax reporting and compliance. Businesses are urged to prepare their systems early to avoid penalties.

The EIS is a digital platform for collecting and storing sales data from electronic invoices issued via CAS, POS, or invoicing software. It applies to exporters, e-commerce businesses, and large taxpayers, who must report transactions electronically under the 1997 Tax Code.

In 2022, the BIR launched a pilot phase with 100 large taxpayers, but technical issues caused delays. These have since been resolved, and the pilot has resumed.

How EIS Works

• Invoices must be sent via API in real or near real-time, no later than three days after the transaction.
• Documents must follow the JSON format, include a Unique Identification Number, and be validated by the BIR.

Key invoice details include: document number, date, seller/buyer info, items/services sold, VAT, and discounts.

There’s more you should know about e-invoicing in the Philippines – learn more about the new and upcoming regulations.