Exporters asked to comply with electronic invoicing

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.

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.