Manila, July 7 -- The Korea International Cooperation Agency (KOICA) has formally completed its new electronic receipt and invoice system (EIS) post-management project with the Bureau of Internal Revenue (BIR).

In a statement on Tuesday, the Korean Embassy in Manila said the program intends to advance the country's digital tax administration and foster a more transparent, efficient, and investment-friendly business environment.

"Through a modern, fair, and efficient tax system, the Philippine government is expected to be able to mobilize domestic resources, deliver better public services, and create an environment where businesses and citizens can participate with greater confidence in the economy," Korean Ambassador Lee Sang-hwa said ...