During a sale of goods or services, a buyer and a seller enter into an agreement to transact business and complete a financial transaction. The agreement can be verbal or written, and the terms of the ...
Keeping track of sales is a critical need for any business, and the QuickBooks accounting package allows for easy tracking and accounting of the sales and payments made. Sales can be recorded by ...
THE Bureau of Internal Revenue (BIR) is studying exempting small-scale agricultural producers from issuing receipts or invoices to make doing business easier for them. The BIR on Wednesday released ...
MANILA, Philippines - The Bureau of Internal Revenue said yesterday that sales invoices are acceptable in lieu of official receipt for tax audit purposes. The BIR issued this clarification amid ...
WITH respect to the contents of invoices and receipts, recall that the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Order (RMO) 12-2013 on May 2, 2013, which laid down the required ...
The One-Stop Shop Interagency Tax Credit and Duty Drawback Center (OSS Center) of the Department of Finance (DOF) on Tuesday reiterated the need for garments exporters to show proof of payment of ...
Do agricultural producers have to issue receipts and invoices for agricultural food product sales? Under Revenue Regulation 12-2023, so long as their annual gross sales/receipts do not exceed P1 ...
The Philippine tax system is mostly driven by supporting documents. The deductibility of allowable expenses and claiming of input value-added tax (VAT) rely heavily on valid official receipts and ...
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