The Bureau of Internal Revenue (BIR) in the Philippines has resumed its electronic invoicing project, initially targeting the top 100 taxpayers. Companies are advised to prepare their systems for this transition to avoid penalties. The new Electronic Invoicing System (EIS) will streamline tax reporting by allowing vendors to send and store sales data through electronic invoices, with specific taxpayers required to issue these documents instead of manual ones. Despite facing technical challenges that delayed the pilot phase, the BIR is moving forward with implementation.
Recent Developments on Electronic Invoicing in the Philippines
Public
Other countries
Author: Ivana Picajkić
Category:
General subject related
Views:
2391
Content accuracy validation date:
03.01.2025
Content accuracy validation time:
09:59h
The Bureau of Internal Revenue (BIR) in the Philippines has resumed its electronic invoicing project, initially focused on the country’s top 100 taxpayers. Companies are encouraged to prepare their systems for this transition to avoid potential penalties.
The new Electronic Invoicing System (EIS) aims to streamline tax reporting by enabling vendors to send, process, and store sales data through electronic invoices or receipts. This system requires specific taxpayers, including those engaged in exports and e-commerce, to issue electronic sales invoices instead of manual documents.
Since launching the pilot phase in July 2022, the BIR faced technical challenges that delayed progress. However, the pilot has now resumed successfully. The EIS operates similarly to South Korea's Continuous Transaction Control model, where invoices must be reported to a central platform in real-time or within three days of the transaction. Each electronic invoice must include essential details such as document numbers, seller and buyer information, and VAT amounts.
As the Philippines moves toward mandatory electronic invoicing for all major taxpayers, businesses are advised to adapt their systems accordingly. This initiative is part of a broader effort to combat VAT fraud and enhance tax compliance across the nation.
Other news from Other countries
South Africa Updates VAT Rules for Foreign Digital Suppliers (April 2025)
Public
Other countries
Author: Ljubica Blagojević
Other countries
Author: Ljubica Blagojević
South Africa’s new VAT rules (Regulations No. 5993, effective 1 April 2025) update the treatment of electronically supplied services by foreign digital providers. B2B-only suppliers no longer need to register for VAT, while B2C and mixed suppliers must register if their turnover exceeds the threshold. Intra-group digital services are VAT-exempt under specific conditions. The changes aim to moderni... Read more
Netherlands and EU's ViDA: New VAT Rules for Platforms in Accommodation & Transport
Public
Other countries
Author: Ljubica Blagojević
Other countries
Author: Ljubica Blagojević
Under the EU’s ViDA initiative, new VAT rules from March 2025 make platforms in the accommodation and transport sectors liable for VAT on short-term stays (≤30 nights) and road transport, unless the supplier provides a valid VAT/OSS ID or qualifies under an SME scheme. B2C services are taxed where used, B2B where the recipient is based. Platforms must keep transaction records for 10 years. The rul... Read more
Understanding U.S. Sales Tax for Online Retailers
Public
Other countries
Author: Ivana Picajkić
Other countries
Author: Ivana Picajkić
In 2024, U.S. ecommerce reached $1.192 trillion, with most online purchases involving taxable goods. Sales tax rates vary across more than 13,000 jurisdictions, and the applicable rate depends on state-specific sourcing rules, typically based on the shipping address, but sometimes the seller’s or billing address. Retailers must stay compliant with each state’s rules, including how shipping fees ar... Read more
Vietnam's New E-Invoicing Rules: What You Need to Know (Starting June 1, 2025)
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
Vietnam's Decree 70/2025/ND-CP amends Decree 123/2020/ND-CP, enhancing e-invoicing for digital and cross-border businesses. It expands e-invoicing scope, sets issuance timelines, mandates invoice content and format, and requires businesses with over VND 1 billion(38483.80USD) revenue to use cash register e-invoices linked to tax authorities. Vietnam is updating its e-invoicing system through Decre... Read more
Latvia Embraces Digital Invoicing
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
Latvia is implementing mandatory e-invoicing starting in 2025 to simplify transactions, boost tax compliance, and reduce the shadow economy. The centralized model will be implemented for B2G transactions and B2B transactions in 2026. The initiative aims to reduce tax evasion, increase efficiency, and standardize EU-compliant formats. Challenges include technical upgrades, staff training, and initi... Read more
US and EU Join Forces to Improve e-Invoicing Compatibility
Public
Other countries
Author: Ivana Picajkić
Other countries
Author: Ivana Picajkić
At the sixth Trade and Technology Council meeting, the US and EU agreed to strengthen electronic invoicing (e-invoicing) compatibility to lower trade costs, improve security, and simplify cross-border business operations. A new oversight body, the DBNAlliance, was launched to manage a shared exchange framework, allowing businesses to send and receive e-invoices through certified service providers.... Read more
Malaysia's E-Invoicing: MyInvois System Goes Live, Phased Implementation
Public
Other countries
Author: Ljubica Blagojević
Other countries
Author: Ljubica Blagojević
Malaysia is gradually implementing mandatory e-invoicing from August 2024 to January 2026 for businesses with sales over RM150,000. Invoices must be approved by the tax authority before being sent to customers, using the MyInvois system and Peppol network. The rollout supports Malaysia’s push to modernize tax reporting and improve compliance. Malaysia is rolling out its MyInvois e-invoicing system... Read more