E-invoicing in the Philippines in a Nutshell

After the launch of a pilot program in the beginning of the year, large-scale taxpayers, e-commerce and export firms need to start shifting to the digital issuance of invoices and receipts by 1st of July 2022 as mandated by the Tax Reform for Acceleration and Inclusion (TRAIN) Law.  

Electronic Invoicing System

The Bureau of Internal Revenue (BIR) is looking at a live transmission model also known as a clearance model. It is based on the similar solution used in South Korea and will likely be known as the Electronic Invoicing System (EIS). The system will cover the following documents:

• official receipts
• sales invoices
• debit and credit notes
• other similar accounting documents

According to the BIR, companies covered by the obligation are required to issue digital copies of receipts and invoices in XML format.

The EIS, as a web-based system that can be accessed through a URL, hosts three portals:

• EIS Taxpayer Portal
• EIS Certification Portal
• EIS Portal for Revenue Officers

Taxpayers can use the platform to issue e-invoices and e-receipts to their customers. If you would like to know more about the upcoming changes in the Philippines, visit our dedicated page.

E-invoicing Experience

Comarch is constantly proving to be a reliable, well informed and prepared expert in managing e-invoices. The company is in line with different e-invoicing requirements in many countries, for example Italy (SDI), Poland (KSeF), where the e-Invoicing model is very similar to that planned in France, India (GST System), Saudi Arabia (ZATCA), and many others.

Comarch is also the only European e-invoicing certified provider in Thailand. 

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