RA 10963
As provided under the TRAIN law, this e-invoicing system is required to be established within five years from the effectivity of the law. Given that the TRAIN law took effect in 2018, the law mandates that the EIS must be established by 2023. As of the date of this writing, the Department of Finance has yet to release any specific guidelines on the implementation of e-invoicing. However, the BIR has noted that the EIS is set to be implemented on a “pilot basis” starting July 2022 for identified 100 large taxpayers.According to Revenue Regulations No.
Through the EIS, an invoice report will subsequently be sent to the government’s central platform/system after ensuring that the invoices have already been sent to the taxpayers’ respective customers/clients.
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