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Features of the electronic invoice in Philippines
System name
Tax Authority
Format
Archival
Digital signature
Obligation and timeline
The first phase will apply to:
- Large taxpayers with gross sales of 1 billion pesos or more.
- E-commerce companies.
Further technical and operational details are expected to be released in the coming months.
Documents must be transmitted to the BIR via API in real-time or near real-time, and no later than three days after the transaction is completed.
Electronic Sales Reporting:
Alongside e-Invoice issuance, businesses must report their sales data to the BIR by submitting a summary of transactions from the previous three days. This model supports near real-time reporting rather than pre-clearance and allows the submission of information in either JSON or XML format.