The Philippines Bureau of Internal Revenue (BIR) is implementing an Electronic Invoicing System (EIS) initially targeting the top 100 taxpayers to streamline tax reporting and improve compliance. The EIS, which requires businesses to submit electronic invoices in JSON format through an API, aims to reduce tax fraud, enhance trade competitiveness, and encourage digital transformation. Businesses are urged to prepare for this shift to avoid penalties.
The Philippines Advances Electronic Invoicing System
Public
Other countries
Author: Ivana Picajkić
Category:
General subject related
Views:
968
Content accuracy validation date:
14.02.2025
Content accuracy validation time:
10:17h
The Philippines, under the guidance of the Bureau of Internal Revenue (BIR), is progressing with its Electronic Invoicing System (EIS) to modernize tax reporting and compliance. Initially focused on the top 100 taxpayers, the EIS seeks to streamline how businesses report sales data. Companies are encouraged to adapt their systems to this digital shift to avoid potential penalties.
Aspects of the EIS:
- Digital Platform: The EIS serves as a digital hub for collecting and storing sales data from electronic invoices generated through various systems like Computerized Accounting Systems (CAS), Point of Sale (POS) systems, or other invoicing software,
- Scope: The system is designed for exporters, e-commerce businesses, and large taxpayers who are mandated to report transactions electronically, as per the 1997 Tax Code.
How does it work?
- Invoices must be submitted through an API (Application Programming Interface) in real-time or near real-time, but no later than three days after the transaction,
- Documents must adhere to the JSON (JavaScript Object Notation) format, include a Unique Identification Number, and undergo validation by the BIR,
- Key invoice details required include the document number, date, seller and buyer information, a description of items or services sold, VAT (Value Added Tax) amounts, and any applicable discounts.
A pilot phase was launched in 2022 involving the top 100 taxpayers. Technical issues caused initial delays, but these have since been resolved, and the pilot has resumed.
The system follows a “Continuous Transaction Control” model, similar to South Korea’s approach. The Korean International Cooperation Agency (KOICA) has assisted the Philippines in developing its electronic invoice reporting system.
The EIS aims to reduce tax fraud, enhance trade competitiveness, encourage digital transformation, simplify cross-border transactions, improve cash flow management and reduce the administrative burden.
Other news from Other countries
The Philippines Implement VAT on Foreign Digital Services
Public
Other countries
Author: Ljubica Blagojević
Other countries
Author: Ljubica Blagojević
The Philippine BIR has issued Circular No. 47-2025, detailing VAT rules for foreign digital service providers starting 1 June 2025. Registration is required only if annual sales exceed PHP 3 million, and no local tax representative is needed. The simplified process supports fair competition and reduces compliance burdens, aligning with international digital tax practices. The Philippine Bureau of... Read more
Singapore Starts Phased Rollout of Mandatory E-Invoicing
Public
Other countries
Author: Ljubica Blagojević
Other countries
Author: Ljubica Blagojević
Singapore’s Peppol-based e-invoicing system, launched in May 2025, becomes mandatory for new GST registrants from November 2025 and fully enforced by April 2026. Businesses are urged to adopt early via InvoiceNow, IMDA’s national platform. E-invoicing providers help ensure IRAS compliance, secure document handling, and cross-border readiness. Important Components: InvoiceNow: The national e-inv... Read more
UAE to Ban Single-Use Plastics by 2026
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
The UAE will ban single-use plastic products from January 1, 2026, as part of a phased strategy to combat plastic pollution. The ban builds on the 2024 ban, aiming for a future free of waste and pollution. The UAE is focusing on efficient resource use, sustainable food practices, and reducing plastic waste. Starting January 1, 2026, the UAE will prohibit the import, production, and trade of single... Read more
Chile Mandates Printed or Digital E-Tickets for All B2C Sales
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
The authority has issued exempt resolution No. 53, requiring taxpayers to deliver printed or virtual representations of e-tickets or vouchers for B2C transactions, including cash, bank transfers, debit, credit, and prepaid cards, effective May 1, 2025. The authority has released exempt resolution No. 53, which mandates the delivery of either a printed or digital copy of the e-ticket (which s... Read more
Estonia's VAT Hike: 24% Standard Rate Begins July 2025
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
Estonia's standard VAT rate will rise from 22% to 24% from 1 July 2025, with reduced rates from 9% to 13% and 5% to 9%. Starting July 1st, 2025, Estonia is raising its standard VAT rate from 22% up to 24%. The lower VAT rates are going up too, moving from 9% to 13% and from 5% to 9%. So, what do you need to do? When selling to customers in Estonia and charging them VAT, it’s a must to use... Read more
Vietnam Issued New E-Invoicing Rules
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
Vietnam's Ministry of Finance has updated regulations on e-invoices, taxpayer risk assessment, and invoicing procedures for business models, effective 1 June 2025. The circular introduces new invoice types, reconciliation periods, and criteria for identifying high tax risk taxpayers. Vietnam’s Ministry of Finance issued Circular 32/2025/TT-BTC on 31 May 2025, updating guidance on invoices un... Read more
Chile: SII Mandates Third-Party Seller Reporting for Digital Marketplaces
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
Chilean Tax Authority (SII) introduced new reporting obligations for digital platforms and payment providers starting October 1, 2025, with additional requirements from January 1, 2026. These rules enhance tax oversight and VAT compliance in the digital economy. The Chilean Tax Authority (SII) issued Circular 38/2025, introducing new reporting obligations for digital platforms and electronic payme... Read more