01.04.22

Postponement of e-invoicing pilot project

According to the Bureau of Internal Revenue (BIR), the go-live of the pilot project for the e-invoicing system (EIS) has been postponed from 1 January 2022 to 1 July 2022. From 1 July 2022, the selected 100 large taxpayers must transmit invoice data to BIR in production. The EIS system supports the Comprehensive Tax reform Programme (CTRP), which was established by the Ministry of Finance. CTRP aims to digitise the tax and administrative systems in the country.

The EIS is a so-called Continuous Transaction Control (CTC); invoices need to be reported to the Government Platform after these have been shared with buyers. This centralised government platform was developed with the support of the South Korean International Cooperation Agency (KOICA) and it is therefore not surprising that the EIS platform strongly resembles the South Korean e-Tax system. The scope of the requirements includes sales invoices, debit- and credit notes, receipts and other accounting documents.