The Philippines launched a Real-Time Reporting (RTR) pilot in July 2022, but it has faced setbacks, including technical difficulties with the Electronic Invoicing/Receipting System (EIS) platform, which has been plagued by bugs, errors, and downtime. On 15 November 2023, the Bureau of Internal Revenue (BIR) paused the pilot until further notice, leaving the future of the program uncertain.
Source Pagero
- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
Latest Posts in "Philippines"
- Quimbo: Suspending VAT on Fuel Unlikely, Warns of Revenue Loss and Limited Consumer Benefit
- Philippines Proposes Lower VAT Rate, Exempting Luxury and Harmful Goods
- Philippine Senate Proposes Automatic Suspension of Fuel VAT, Excise Taxes During Oil Price Surges
- Philippines Court Clarifies Rules on Refunds of Excess Unutilized Input VAT for Zero-Rated Sales
- Philippines Court Clarifies Rules on Unutilized Input VAT Refunds for Zero-Rated Sales
