Whenever you buy coffee from your favorite coffee shop, or buy a new dress from a well-known clothing brand, do you always keep the receipt, or do you tend to skip it? In every establishment, there is ...
AS you may already know, a notable change brought about by the Ease of Paying Taxes Act (EOPT) is the implementation of a standardized VAT invoice for all transactions involving the sale, barter, ...
In our earlier article, “Removal of the 5-Year Validity of Receipts and Invoices,” I explained that the Philippine tax system is mostly driven by supporting documents and that the deductibility of ...
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