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How-03: How does e-invoicing work?

Self-billed e-Invoices

General E-Invoice Issuance:

Typically, the supplier issues an e-Invoice to recognize income and record purchases.
However, in certain circumstances, the buyer is required to issue a self-billed e-Invoice.

Transactions Requiring Self-Billed E-Invoices:

- Payments to agents, dealers, distributors, etc.
- Goods sold or services rendered by foreign suppliers.
- Profit distribution (e.g., dividends).
- E-commerce transactions.
- Pay-outs to betting and gaming winners (with some exemptions).
- Transactions with individuals not conducting a business.
- Interest payments (with specific exceptions).
- Claim, compensation, or benefit payments from insurance businesses.
- Payments related to capital reduction, share/capital/unit redemption, share buyback, return of capital, or liquidation proceeds.

Timing of Issuance:

- If there is a written agreement, the issuance date depends on whether government approval is required.
- If there is no written agreement, the issuance date is the date of completion.

Validation and Sharing:

- - Self-billed e-Invoices must be validated via the MyInvois Portal, which generates a QR code for validation.
  - Buyers can share either the validated e-Invoice or a visual representation with the supplier.

Parties Involved:

Implementation Timeline:

- - - Taxpayers are allowed until July 1, 2025, to configure their systems for certain requirements.

Remarks:

Table 8.2 – Details of TIN and identification number / passport number to be included by Buyer for issuance of self-billed e-Invoice to individual Supplier

Table 8.3 – Details required to be input by Buyer for issuance of self-billed e-Invoice

-Section End-

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