The Philippines is the world's largest BPO and IT-BPM export hub, with hundreds of thousands of professionals delivering contact-centre, software development, finance and HR services to clients in North America, Europe, Australia and Japan. Each client contract denominated in USD or EUR must produce a zero-rated BIR EIS invoice and a PHP-converted record for BIR reporting — simultaneously.
The company invoices exclusively in USD but BIR reporting requires PHP. Monthly conversion and reconciliation is done manually using BSP rates looked up individually for each invoice date.
Multi-currency invoicing with automatic PHP conversion at the BSP reference rate on each invoice date, producing EIS-transmittable records that are immediately ready for BIR reporting.
Service contracts with foreign clients describe the work in generic terms and do not include the BIR-prescribed export-service category wording required to defend the zero-rating in an examination.
Invoice templates pre-populated with BIR-accepted export-service description fields by service category (IT-BPM, contact centre, finance process outsourcing), ensuring the zero-rating is defensible at audit.
Multi-currency invoicing with BSP-rate conversion and EIS transmission.
