Plans to launch a large-scale e-invoicing initiative in the Philippines were delayed in 2024 due to performance issues with the Bureau of Internal Revenue’s platform, ACE. Having switched IT provider, the Electronic Invoicing System will require manual tax administration and listed transactions submitted to the authorities instead of a pre-clearance e-invoicing model.
The B2B centralised e-invoicing model, based on the Tax Reform for Acceleration and Inclusion Act, will be reinstated creating invoices with digital signatures without the need for prior approval. Based on Chinese tax reform systems, the two main components of the platforms include the EIS invoice accreditation and transmission system, and the BIR back-end for tax authorities.
Using the EIS, taxpayers can issue electronic invoices and receipts either individually or in bulk, simplifying tax reporting and eliminating paper-based processes.
