IT Company Invoice Template for Philippines

A formal billing document compliant with Philippine tax laws and regulations, specifically designed for IT companies providing technology services. This invoice format adheres to the requirements set forth by the Bureau of Internal Revenue (BIR) of the Philippines, including mandatory elements such as TIN numbers, VAT declarations, and ATP details. The document serves as an official record of IT services rendered, incorporating detailed service descriptions, applicable tax calculations (including 12% VAT where applicable), and payment terms while meeting the specific requirements of Philippine e-commerce and taxation laws.

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What is a IT Company Invoice?

The IT Company Invoice is a essential business document used in the Philippine market for billing technology-related services and products. This document type is specifically designed to comply with Philippine tax regulations, particularly the National Internal Revenue Code and BIR Revenue Regulations No. 16-2005, while addressing the unique aspects of IT service delivery. It must include mandatory elements such as the company's TIN, BIR registration details, ATP number, and proper VAT declarations. The invoice is crucial for IT companies operating in the Philippines as it serves multiple purposes: establishing a legal record of services rendered, enabling tax compliance, facilitating payment collection, and maintaining audit trails. It's particularly relevant for businesses engaged in software development, IT consulting, technical support, and other technology services, requiring careful documentation of service descriptions, rates, and applicable taxes.

What sections should be included in a IT Company Invoice?

1. Invoice Header: Contains company logo, 'INVOICE' label, and BIR-required text 'This invoice is valid for 5 years from the date of ATP'

2. Company Information: Legal company name, TIN, address, contact details, and BIR registration details including ATP (Authority to Print) number

3. Client Information: Client's complete legal name, billing address, TIN (if applicable), and contact information

4. Invoice Details: Invoice number, date issued, due date, and reference numbers (e.g., PO number if applicable)

5. Service Description: Clear itemization of IT services provided, including quantity, unit price, and amount

6. Computation: Subtotal, VAT (12%), withholding tax calculations if applicable, and total amount due

7. Payment Information: Payment terms, acceptable payment methods, and bank account details

8. Official Declaration: BIR-required declarations including VAT registration status and invoice validity statement

What sections are optional to include in a IT Company Invoice?

1. Project Reference: Include when invoice relates to a specific project, containing project name, code, and milestone details

2. Time Sheet Summary: Add for time-based billing, showing breakdown of hours worked

3. Special Terms: Include when there are unique payment conditions or service delivery terms

4. Discount Section: Add when applying special discounts or promotional rates

5. Foreign Currency Conversion: Include when dealing with international clients, showing exchange rates and equivalent amounts

What schedules should be included in a IT Company Invoice?

1. Schedule A - Detailed Service Breakdown: Itemized list of services with detailed descriptions, hours, rates, and subtotals

2. Schedule B - Time Sheet Details: Detailed timesheet showing dates, resources, activities, and hours (for time-based billing)

3. Appendix 1 - Terms and Conditions: Standard terms including payment terms, late payment penalties, and dispute resolution procedures

4. Appendix 2 - Service Level Details: Specific service levels achieved or maintained during the billing period, if relevant to billing

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Philippines

Publisher

Genie AI

Document Type

Invoice Form

Sector

Sales

Cost

Free to use
Relevant Industries

Information Technology

Software Development

IT Consulting

Digital Services

Telecommunications

E-commerce

Business Process Outsourcing

Financial Services

Healthcare Technology

Educational Technology

Manufacturing Technology

Retail Technology

Relevant Teams

Finance

Accounting

Accounts Receivable

Billing

Operations

Sales

Administration

Compliance

IT Services

Project Management

Client Services

Tax

Legal

Relevant Roles

Finance Manager

Accounting Manager

Accounts Receivable Specialist

Billing Coordinator

Financial Controller

IT Project Manager

Service Delivery Manager

Chief Financial Officer

Accounts Manager

Business Development Manager

Sales Manager

IT Services Director

Operations Manager

Compliance Officer

Tax Specialist

Administrative Officer

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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