- Automation is more efficient for business transactions, including tax reporting.
- The nation is not fully ready for complete electronic invoicing implementation.
- Discussion held on the full implementation of electronic invoicing by the Bureau of Internal Revenue.
- Revenue Regulations 11-2025 issued for e-invoicing and e-sales reporting system.
- Concerns raised about the mandatory implementation of the automated system.
- Electronic receipts and sales reporting introduced by the TRAIN Law in 2018.
- TRAIN Law required electronic invoicing within five years, but full implementation is still pending.
- Pilot implementation in 2022 showed no significant progress.
- CREATE MORE law retained the shift to electronic invoicing, removing the five-year clause.
- Department of Finance issued RR 11-2025 for mandatory compliance within one year.
- Electronic Invoicing involves generating structured electronic invoice data.
Source: bdblaw.com.ph
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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