The deadline for implementation of the Electronic Invoicing System (EIS) has been postponed until the end of December next year. The Bureau of Internal Revenue (BIR) extended the deadline for nine months after its original March deadline through Revenue Regulation No. 26-2025.
Most companies are currently in the process of reconfiguring their accounting systems in compliance with the BIR’s standards, therefore businesses have more time now to ready and implement their e-invoicing systems.
Benefits of early EIS implementation
Large taxpayers and e-commerce entities are subject to compliance for next year, however more rollout phases are expected for SMEs, exporters, and POS users in the future. The BIR plans for all operations to be fully digitalized in the next three years. Companies under existing exemptions may voluntarily adopt EIS early in order to secure its benefits.
Valuable tax incentives: Early implementation may qualify for enhanced cost deductions under current tax guidelines. Micro and small enterprises may claim up to 100% tax deduction, while medium and large enterprises can receive a 50% deduction on qualifying setup costs, reducing the financial burden of technology adoption. Importation of equipment used may also be tax-exempt.
Faster reporting and less errors: Streamlining the reporting process is a defining feature of the EIS. It addresses the challenges of manual reporting through automated validation, faster report generation and through a single source of truth, reducing time consumption and human error.
Stronger transparency, audit-readiness, and fraud prevention: By consolidating data into a centralized platform, it ensures that decision-makers have clear visibility into operations and financial performance. Automation of records standardizes formats and allows historical data to be accessed quickly and consistently. Consistent monitoring and role based access controls safeguards the company against fraud and suspicious activities.
Failure to comply in the transmission of sales data and issuing invoices may result in fines and penalties as stated in the Tax Code.
Key features of multibook EIS
multibook is a BIR-approved system and is EIS-ready, with an API connection being developed to support businesses operating in the Philippines.
Key features include:
- Digital Signature Management via DocuSign
- Emailing with Read Receipts
- 2307 Generation & Management
- Switch Between Real-Time & 3-Day BIR Sending
- Draft Preparation & Journal Entry Control
- Centralized Management of All Invoice Files
Early implementation is a strategic investment. Participating companies can build a foundation of reliable data and accountable processes, make better informed decisions, and maintain compliance without disruption.
Overview of the global cloud ERP multibook
It is built for speed with fast implementation, processing, and issue resolution.
The system supports 12 languages, including multi-currency and multiple ledgers, and integrates with global locations seamlessly.
Deployed in 35 countries by 600+ companies across manufacturing, trading, F&B, construction and more, it is also recognized as a BIR-approved ERP with CAS and CBA track records with companies based in the Philippines.
Key modules: Accounting, Logistics, Fixed Assets, IFRS Lease Accounting, New Lease Accounting Standard, Expense Reimbursement, Management Dashboard, BPO Dashboard, and External Integrations (e.g., Group Consolidation, Warehouse Management)
Service name: multibook
Supported languages (12): Japanese, English, Thai, Vietnamese, Korean, Burmese, German, French, Spanish, Chinese (Traditional/Simplified), Indonesian
Company Profile
Company Name: Multibook, Ltd.
Representative: Manabu Watabe, CEO; David Paman, President & COO of Multibook Philippines
Established: September 2000
Manila Office: Unit 405 Cattleya Building, 235 Salcedo St., Legazpi Village, Makati City, Metro Manila
Japan Office: 5F, NMF Gotanda Ekimae Building, 1-1-8 Nishi-Gotanda, Shinagawa-ku, Tokyo
Overseas Offices: Thailand and Singapore
Business: Planning, development, and implementation of global cloud ERP services
Website URL: www.multibook.com.ph
