The Bureau of Internal Revenue (BIR) has completed a 14-month project to enhance its Electronic Invoicing and Sales Reporting System (EIS), with the Korea International Cooperation Agency (KOICA) formally turning over the upgraded system, according to BusinessWorld.
The enhanced EIS is expected to strengthen tax administration and support the BIR's digital transformation efforts. The project was funded and assisted by KOICA as part of bilateral cooperation between South Korea and the Philippines.
The turnover marks a milestone in the BIR's push for more efficient tax collection through digital tools, which have been increasingly adopted in the Philippines to improve compliance and reduce revenue leakages.