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Sales Invoice Receipt for Philippines

Sales Invoice Receipt Template for Philippines

A Sales Invoice Receipt is a formal document used in the Philippines that serves as both proof of sale and an official tax document. It must comply with the requirements set forth by the Bureau of Internal Revenue (BIR) under Philippine law, particularly Revenue Regulations No. 16-2005 and the National Internal Revenue Code. This document includes essential information such as the seller's and buyer's details, TIN numbers, item descriptions, pricing, tax calculations, and required legal declarations. It serves as a crucial record for business transactions, tax reporting, and audit purposes in the Philippine jurisdiction.

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What is a Sales Invoice Receipt?

The Sales Invoice Receipt is a fundamental business document required for commercial transactions in the Philippines. It is mandated by the Bureau of Internal Revenue (BIR) for documenting sales of goods or services and serves as an official record for tax purposes. This document must be issued by VAT-registered businesses for transactions exceeding certain thresholds and must contain specific elements required by Philippine tax authorities. The document includes crucial information such as the seller's and buyer's details, TIN numbers, itemized list of goods or services, pricing, tax calculations, and mandatory declarations. It plays a vital role in business record-keeping, tax compliance, and audit trails, and must be retained for a minimum period as specified by Philippine tax regulations.

What sections should be included in a Sales Invoice Receipt?

1. Invoice Header: Contains business name, address, TIN, invoice number, and date as required by Philippine tax laws

2. Customer Information: Buyer's complete name, billing/shipping address, and TIN if applicable

3. Item Details: Detailed list of goods/services, including quantity, unit price, and description

4. Computation: Subtotal, applicable taxes (VAT/percentage tax), discounts if any, and total amount

5. Payment Information: Payment terms, due date, and acceptable payment methods

6. Official Declarations: Standard BIR-required declarations including 'This invoice is valid for five (5) years from the date of ATP'

7. Authorization: Signature lines for authorized representative and space for official stamps/seals

What sections are optional to include in a Sales Invoice Receipt?

1. Purchase Order Reference: Include when the sale is made against a specific purchase order

2. Delivery Details: Add when goods are to be delivered to a different address or have specific delivery instructions

3. Special Discounts: Include when there are trade discounts, volume discounts, or promotional offers

4. Foreign Currency Details: Add when transaction involves foreign currency, showing conversion rates and peso equivalent

5. Warranty Information: Include for sales of goods with specific warranty terms

6. Return Policy: Add when specific return or exchange terms apply to the sale

What schedules should be included in a Sales Invoice Receipt?

1. Detailed Item Specifications: Attached when items sold require detailed technical specifications or descriptions

2. Terms and Conditions: Standard terms and conditions of sale when they are too lengthy to include on the main invoice

3. Delivery Schedule: For multiple delivery dates or complex delivery arrangements

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Philippines

Publisher

Ƶ

Document Type

Invoice Form

Sector

Sales

Cost

Free to use
Relevant legal definitions
























Clauses













Relevant Industries

Retail

Wholesale Trade

Manufacturing

Professional Services

Information Technology

Construction

Food and Beverage

Healthcare

Agriculture

Real Estate

Automotive

Electronics

Telecommunications

Transportation and Logistics

General Commerce

Relevant Teams

Finance

Accounting

Sales Administration

Tax Compliance

Accounts Receivable

Credit Control

Operations

Administration

Internal Audit

Revenue

Relevant Roles

Accounts Receivable Manager

Billing Specialist

Finance Manager

Tax Compliance Officer

Sales Manager

Accounting Clerk

Business Owner

Financial Controller

Bookkeeper

Auditor

Credit Controller

Sales Administrator

Finance Director

Tax Manager

Operations Manager

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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