Archives for September 2013

Tips to Legally Avoid Paying BIR Penalties During Tax Mapping

The Bureau of Internal Revenue (BIR) has been regularly conducting inspection to business establishments throughout the country. Such BIR activity is popularly known as “Tax Mapping” also referred to by the BIR as Tax Compliance Verification Drive and Oplan Kandado. The purpose of the “tax mapping” is to inspect compliance of business establishments to registration, […]

How to Compute for Senior Citizen Discount in the Philippines?

Two months ago, I read in the news that two (2) restaurant establishments were sued for violation of Republic Act 9994, also known as the Expanded Senior Citizens Act of 2010, because they denied giving the complainant 20% senior citizen discount and VAT exemption.  This news prompted me to write this article. In this article, […]

Solutions to Common SSS LMS Program Errors

The SSS LMS (Loan Management System) Program is a software program produced by SSS for the employers to easily manage their employee’s loans. The SSS LMS program is very helpful because it provides you, first, the amount of employee’s monthly loan payable to be paid to the SSS, and second, to easily generate the monthly […]

Difference Between a Sales Invoice and an Official Receipt

Every business entity is mandated by the Bureau of Internal Revenue (BIR) to issue an official receipt and/or sales invoice for every sale of goods, properties or services. The invoice and/or receipt serves as supporting document. In this article, we will discuss the difference between a sales invoice and official receipt, as well as when […]