Strict Input VAT Compliance Rules for the Philippines: Individual Receipts Required for Each Transaction

• Each VATable sale in the Philippines requires a seller-issued VAT invoice or official receipt.
• The BIR prohibits combining multiple small purchases into one document for input VAT claims.
• Only receipts from VAT-registered sellers are valid, and buyer details are required for transactions of ₱1,000 or more.
• Internal vouchers or consolidated receipts cannot be used as substitutes.
• Businesses must claim input VAT per transaction, keep original receipts, and avoid lumping purchases together.

Source: fiscal-requirements.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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