Document background
The Proforma Invoice Form is an essential commercial document used in both domestic and international trade transactions under Philippine jurisdiction. It serves as a commitment quotation from the seller to the buyer, detailing the goods or services to be provided, their prices, and terms of sale. The document is particularly crucial for import/export transactions, where it facilitates customs clearance, foreign exchange transactions, and letter of credit applications. While not a final invoice, the Proforma Invoice Form must comply with Philippine regulations, including requirements from the Bureau of Internal Revenue and the Bureau of Customs. It typically precedes the final commercial invoice and serves as a basis for preparing formal sales contracts or purchase orders. The document is widely used across various industries and is especially important for businesses engaged in international trade or requiring formal quotation processes.
