Archives for July 2016

How to Write a Non-VAT Official Receipt?

All registered taxpayers engaged in business are provided by the Bureau of Internal Revenue (BIR) an “ASK FOR RECEIPT” signage to be displayed visibly in the business establishment. The ASK FOR RECEIPT signage is a reminder, both to the seller and the buyer, the importance of issuing an official receipt or invoice for every sale […]

What You Need to Know About Official Receipts?

All income earners, except for purely compensation income earners, are mandated to issue a receipt or invoice for every sale of services or products. The BIR even require all businesses to post visibly in their establishments the “ASK FOR RECEIPT” signage. The purpose of the signage is to ensure all buyers are aware of their […]