You may issue BIR registered acknowledgement receipt while waiting for the check to clear. In case of payment via check, before you issue an official receipt wait until the check clears. Ensure that you have already collected the cash payment from your customer.3 Steps in Writing a NON-VAT Official Receipt Step 1: Compute and collect the amount of salesīefore you issue an official receipt to your customer, you need to first consider the following: For the updated amount of limit, you may visit the BIR website.Ī NON-VAT BIR registered taxpayer are required to file and pay monthly percentage tax (BIR form 2551M). As of the date of writing, the limit is P1,919,500. In general, a BIR Registered NON-VAT taxpayer means that the individual or entity does not have annual gross sales or receipts exceeding the current limit. What is a NON-VAT BIR Registered Taxpayer? Other types of receipt and invoice will be covered in separate articles.
In this article, I will teach you on how to properly write and issue an official receipt applicable for NON-VAT BIR registered taxpayer. To know more about official receipts, you may read our previous post What You Need to Know About Official Receipts?
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 of service or goods. Check it outĪll 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. For small amount, you can automate the process of your accounting, tax preparation and filing which will save you a lot of time and prevent errors. Bookkeeping is a complicated, routinely and often redundant task which takes up significant time when performed manually or using poorly designed tools.