Taxpayers engaged in exports and e-commerce should start preparing to comply with the electronic invoicing requirements as the Bureau of Internal Revenue expands the coverage of its electronic invoicing system implementation, a tax expert said.
Lawyer Rule Oporto, senior director for business tax services at SGV & Co., said the BIR was poised to roll out the project to all other covered taxpayers after the pilot EIS implementation among 100 large taxpayers in July 2022.
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The BIR identified an additional 100 taxpayers for this year’s roll-out, which will cover not just the large taxpayers but also those engaged in the export of goods and services and those engaged in e-commerce.
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