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- VAT Invoice under the Ease of Paying Taxes (EOPT) Act and its implementing rules and regulations | 24 November 2024
VAT Invoice under the Ease of Paying Taxes (EOPT) Act and its implementing rules and regulations | 24 November 2024
Republic Act No. 11976 or the Ease of Paying Taxes Act mandates the use of a single document for both sale of goods and services. Thus, all references to Sales Invoice or Official Receipt shall be referred to as Invoice.
A VAT-registered person shall issue a VAT Invoice for every sale, barter, exchange, or lease of goods or properties, and for every sale, barter, or exchange of services.” (Section 113, National Internal Revenue Code of 1997 as amended by Section 21, Ease of Paying Taxes Act)
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