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The Philippines joined the digital e- invoicing revolution , following an increasing number of countries implementing such digital transformation. The Department of Finance (DOF) has
The Philippines joined the digital e- invoicing revolution , following an increasing number of countries implementing such digital transformation. The Department of Finance (DOF) has announced a new timeline for the pilot e-invoicing program, effective from July 1,2022, where it became mandatory for country's major taxpayers and exporters to start transmitting their invoices to the government. The goal is full implementation, based on the Tax Reform Act for Acceleration and Inclusion (TRAIN), after the launch of the pilot program through the pilot project. The Department of finance is planning to implement e-invoicing in 2023 through gradual phasing-in. Are companies in the manufacturing companies ready? Discuss your answer by showing the pros and cons. What will be the effects of digital e-invoicing in the supply chain
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