Section 12Sec./Art. 12

Section 237 of the National Internal Revenue Code of 1997, as amended, is hereby further amended to read as follows:

"Section 237. Issuance of Invoices. -

(A) Issuance. - x x x

Upon the establishment of a system capable of storing and processing the required data, the Bureau shall require taxpayers engaged in the export of goods and services, taxpayers engaged in e-commerce, and taxpayers under the jurisdiction of the Large Taxpayers Service to issue electronic invoices, subject to rules and regulations to be issued by the Secretary of Finance upon recommendation of the Commissioner following a public hearing held for this purpose: Provided, That taxpayers not covered by the mandate of this provision may voluntarily issue electronic invoices: Provided, further, That the Secretary of Finance, upon the recommendation of the Commissioner, may require taxpayers to issue electronic invoices.

x x x."