No. we only have one condo unit for rent and the tenant is asking for receipt even a non vat receipt. From the point of view of a seller, an invoice is a sales invoice. 4. Our article is based on the general rule. If the goods or service costs less than 900 TL, it is possible to issue a retail voucher instead of an invoice. How come we have to issue an OR when infact we already issued a sales invoice before the claim? either sales invoce or official receipt? how i about when only partial payment is made? Hi Sir Rommel, We advice that you seek professional consultation for proper handling of your case. Just sharing my thoughts.. when the expense involves the purchase of goods, the substantiation requirement must be a Sales Invoice. good day, pag non vat registered yung bumili ba ang magreremit ng 12% sa BIR? establishment using POS issued only tape receipt and in case you asked for OR they will give a Sales Invoice in exchange of the tape receipt…my question is, can establishment issue a Cash Invoice instead of Sales Invoice in exchange of the tape receipt? Whats the difference between collection receipt and official receipt? Hello ! 1. My husband new company is engaged in sales and services. Just want to ask, it is possible to use different WTax Code for one Vendor? We now have 4 receipts approved or bir registered. said account was already reported to bir through the issuance of a charge invoice.. we are quite confused because one bir personnel informed us that we should pay tax for both the OR and CI we issued. In other words goods despatch note acts as a source to generate invoice. It serves as basis of the output tax liability of the seller and input tax claim of the buyer. how about a “collection receipt”?? 8.) I am not engaged in credit of goods, as everything is sold in cash. Hi, we are engaged in trucking service. It has details with respect to the name of the party to whom goods are sold, the description of goods sold and the total sale amount. 7- Is delivery note compulsory for retails sold to final customers? Every invoice comes with what are called the credit terms, e.g. Goods Delivery Note : If the same note i.e. Do i need to issue an OR after i issue a sales invoice? The sales transactions in your business may be a simple cash sales, or even sales on credit. I thought the sales invoice is only for sale of goods? Hi! If I would pay the Vendor, can i deduct 1% withholding on Goods transaction and 2% withholding for Services transaction. Hello! This is in regards to qualifications of invoices in claiming input taxes on purchases of goods and services. Hi. Hi Sir Ronald, thank you for your question. The expense may not be disallowed as deduction for tax purposes. Are foreign companies which open a branch in Turkey subject to corporate tax? Hello. An invoice is an acknowledgement issued by the vendor to the purchaser of goods or services to request for the payment of goods sold or services rendered by him. You have entered an incorrect email address! Our client is asking for a billing/sales invoice and will not release any payments without this. They have sales invoice , collection receipt , delivery receipts (all this indicates for trading) and official receipt (sales of service). Or should I “sumbong” them to BIR? 3) No. The shirt came from us, and not from them. RR 18-2012 made a clear distinction of the two principal receipt/invoice (SI/OR). hi good day, what if a supplier was a NON-Vat Registered Company Provider of Services, delivers goods to us but they only issued Delivery Receipt (w/o TIN details) and Official Receipt (indicating “not allowed to claim input tax”), is that allowed? Good day ! Sales invoice list down the details of the items or goods sold. ……… With the 2 kinds of OR (Sales Invoice and the Collection Receipt). Feel free to leave your questions or clarifications in the comment box below. just want to ask if delivery charges included in a sales invoice subject to vat? Is it necessary that our company’s name or my employer’s name be written in the invoices of our purchases in order to claim input tax? A receipt on the other hand acknowledges that a payment has been made. namin? Do You Have to Work During Holidays in Turkey? Also, where does the sales invoice come in with regards to both o.r. If you’re a seller of goods, you may issue either cash invoice (for cash sales of goods) or charge invoice (for sale of goods on credit). If, for example, CI was issued January and OR was issued February, when should the sale be reflected in our books– Jan (CI) or Feb (OR)? I’m so confused. or is it mandatory to give sales invoice?for what purpose?do we give it to the buyer or just a copy for BIR and the company? From the point of view of a buyer, an invoice is a purchase invoice. Thank you. What are the exceptions for rental income? Yeni Hesap Oluşturma Sayfasına Hoşgeldiniz! in a VAT registered company (sole proprietor) nature of our business is tailoring(making jackets and basketball uniform made to order) how can i deduct sales discount in my Cash receipts to lessen Vat payable? issued by the seller to the customer when goods are sold for cash. SOURCE DOCUMENTS 4.03.02 Invoice or Bill An Invoice or Bill is prepared by the seller when he sells goods on credit. I am non-VAT and my business is in line with sales of goods. Is this based on gross sales or on net of vat? We are engaged in construction, a corporation. IF WE ISSUED A RECEIPT THEN THEY CANCELLED IT, IT IS STILL OKAY.. OR WE STILL HAVE TO PAY THE TAX. An invoice received from a vendor is a billing for goods or services that it had provided. Its only now that we have a number of customers who ordered water from us weekly and pay us every end of the month (we refer or call them as our corporate account). My official receipts are marked with “NOT VALID FOR CLAIMING INPUT TAX” although VAT registered. If their is a minimum, how much? Lourdes, I am a bit confused your answer to mr. Roland’s query. Even though the TCS amount is debited to the buyer, the liability under Section 206C (1H) does not arise until the time the amount is collected. 3 of same RR) shall be issued to acknowledge payment relating to the sale of goods made, and not OR. Can i use it to lessen my Tax? Official receipt is issued by the seller to the buyer as written evidence on sale of services or leasing of properties, as well as acknowledgement on collection of cash payment on services rendered. We’re a manufacturing company specifically shirts for companies. Every business involves sales of goods or services. separately for services rendered? Since the provision is new, hence entities must make certain changes in their accounting system to implement the same. for supplier of Goods,as mentioned on foremost statement Official Receipt is acknowledgment on receipt of cash as payment and your answer to Sir Roland is Collection Receipt is also acknowledgment receipt on receipt of cash as payment, these two kind of receipts serve the same purpose right? It is a non-negotiable legal document which identifies the buyer and seller. We used to put both sale of goods and service on the same invoice. Just want to clarify, where does a design and build company/construction fall? what reciept should be issued for an lpg retail business? Can we enter the last shareholding structure in the new stock ledger? my company is giving clothing allowance as we travel outside the country, however, the company does not advance to us the allowance but instead, we will submit an OR for reimbursement wherein our company name should be written on the OR…. The guy said the the DR issued is the same as OR. Otherwise, it’s not valid as expense if its not registered with the BIR and not valid for input tax. Also should the tenant withhold tax on the rental deposit/advances? what should we do if we start on the 2nd book already and not used the first one.. what are the pros and cons of that.. As a non-vat retailer In my ATP I was only authorized to print a sales invoice. The problem is I did not register it as commercial space or rental space. What’s the nature of your business, is it sale of goods or services? However to collect TCS on sale of goods, the seller needs to raise sale invoice including the amount of TCS, account in the books as a TCS liability even in actual sense it is not payable. What shall I use? Sum. and on another 50% fullpayment? Hi ..would like to what if my landlord does not give me a reciept for the house rental for 8 years. it would mean that our liabilities would double.. what should we do? Serial Number Also, considering you provided goods or products, not just purely the service of printing. If the sale was on credit, the seller will then issue an collection receipt upon receipt of cash as payment from the buyer. Or if the seller use PR or AR only. Hi! Meron kaming “medical reimbursement program” sa company namin. We are a dog grooming and retail shop. Hi Ms Mary Rose, thank you for your comment/question. The invoice is ascertained on the goods and service provided by the seller and is noted down in the tax file for future reference in the tax department. If the sale was on credit, the seller will then issue an official receipt upon receipt of cash as payment from the buyer. The space I rented seems like a commercial space because the tenants are making it as a shop. These may specify that the buyer has a maximum number of days in which to pay and is sometimes offered a discount if paid before the due date. If i am leasing a space, house, bording house, do i need to register this in BIR and need to issue an official receipt? Mam me copy center po ako registered as non vat…karamihan po sa customer ko ay government school…problema ko po ang bir form 2307…ilang percent po ba ang binawabas…at alin at ilang percentage po ang i rereflect ko sa 2551M ….tnxs…and more power…. Again, thank you so much. Mali ba ang Finance Dept. DISCOUNT (5 days ago) 13.306 SF 44, Purchase Order-Invoice-Voucher. Hi Mr Romeo L. Yusi, Jr Thank you for raising the questions. Sinubmit ko pa rin po sa company for reimbursement pero nareject dahil hindi sya OR. Nag rent po kami ng property/resort last December 15, 2015. It does not substitute the need for inquiring professional advice. Is this correct? If you are a VAT registered taxpayer engaged in sale of goods or properties, you will need to issue the following: Note: When the taxpayer is engaged in sale of goods or properties, it will need to issue a sales invoice when the goods is sold to the buyer, whether cash or on credit. a) Credit Voucher Rs 1,00,000. b) Credit voucher Rs 1,50,000. Further details are in this record's child: VOUCHER_LINE. It shows the | buyer, cash voucher, commercial document, customer, delivery note, invoice, Invoice Date, Item Number, Price, retail, retail sales, retail voucher, seller, Serial Number, sold goods, tax number, tax office, tax procedure law, unit price, voucher If you are a Non-VAT registered taxpayer engaged in sale of goods or properties, you will need to issue the following: If you are a Non-VAT registered taxpayer engaged in sale of services, you will need to issue the following: I hope this article has been helpful for you. Invoice applies to businesses engaged in sale of goods. Hi Ms. Pauliza, thank you for your question. The Rates and Distribution of Insurance Premium in Turkey. Hi, I know that Delivery Receipt and Sales Invoice are different but I called the Water refilling Station to ask for a Sales Invoice or OR. May I know if I have to secure two receipts (NON-VAT Sales Invoice and Official Receipt) from BIR or otherwise just select one. 2- What kind of data should be written in an invoice? ..we have a small business engaged in sale of goods..our printer is the one who are applying for our authority to print, according to her the bir approved sales invoice for us so she printed only sales invoice.. is it really ok to use sales invoice or we have to use both official receipt and sales invoice?