- Implementation Timeline: The Bureau of Internal Revenue (BIR) has mandated that large taxpayers and e-commerce businesses must issue electronic invoices and report sales electronically by March 2026, following the issuance of Revenue Regulation No. 011-2025 under the CREATE MORE law.
- Tax Incentives for Compliance: Businesses that comply with the new electronic invoicing requirements, including those that voluntarily adopt the system, will be eligible for tax incentives aimed at enhancing compliance and transparency in tax processes.
- Electronic Invoicing System (EIS): The EIS is designed to receive, process, and store sales data transmitted by taxpayers in real or near real time, requiring invoices to be sent to the BIR within three days of a transaction. The system includes specific information requirements for electronic invoices and employs a JSON format for document submission and validation.
Source Edicom
- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE