Philippines Preparing to Launch E-Invoicing Pilot Project in 2022

According to recent reports, the Philippines Department of Finance (DOF) is preparing to launch a pilot program for e-invoicing in January 2022 that will be modeled after South Korea's e-Tax invoice system. Under the e-Tax invoice system, the electronic issuance of VAT invoices is mandatory for VAT registered businesses, with invoices also required to be transmitted to the tax authority. In the Philippines, the DOF is planning to implement the e-invoicing requirements after the pilot project …