- Starting from January 2024, e-invoice reporting will be mandatory for all taxpayers in the Philippines.
- Since July 2022, 100 large taxpayers have been required to adopt e-invoicing as per the Tax Reform for Acceleration and Inclusion Act (TRAIN).
- These taxpayers must issue e-invoices/e-receipts in JSON format and transmit them to the government portal in real time or within 3 days of the transaction.
- The Philippines Bureau of Internal Revenue (BIR) has announced an implementation timeline for all taxpayers to transmit invoices to the government portal by 2024.
Source: kofax.com
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.
