E-invoicing in the Philippines has undergone several changes in the last few years regarding its e-invoicing guidelines. In 2018, the Philippines launched Tax Reform for Acceleration and Social Inclusion (TRAIN). According to it, large taxpayers and exporters are required to start issuing e-invoices and receipts and reporting sales data to the Tax Office (BIR) at the point of sale within five years of the introduction of the TRAIN Act.
As announced by the Internal Revenue (BIR), from 2024, it is planned to extend the mandatory electronic invoicing to all major taxpayers in the Philippines. This is another step in the implementation of the e-invoicing system (EIS), as it is the basis for mandatory electronic invoicing by the 100 largest taxpayers for whom mandatory e-invoicing for government invoices (B2G) was introduced from July 2022.
Source Comarch
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