- EIS Implementation: The Bureau of Internal Revenue (BIR) is advancing the Electronic Invoicing System (EIS) to enhance tax reporting and compliance, initially focusing on the top 100 taxpayers and urging businesses to prepare their systems early to avoid penalties.
- Digital Platform Requirements: The EIS is a digital platform for collecting sales data from electronic invoices issued via CAS, POS, or invoicing software, applicable to exporters, e-commerce businesses, and large taxpayers, requiring real-time reporting under the 1997 Tax Code.
- Pilot Program and Invoice Submission: After resolving technical issues from its initial pilot phase with 100 large taxpayers in 2022, the EIS now mandates that invoices be submitted via API within three days of the transaction, formatted in JSON and including a Unique Identification Number along with key invoice details.
Source Comarch
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