Small Business Sales Receipt for Philippines

Small Business Sales Receipt Template for Philippines

A sales receipt document designed for small businesses operating in the Philippines, compliant with Bureau of Internal Revenue (BIR) regulations and local tax laws. This document serves as official proof of transaction between a business and its customers, containing essential elements such as the business's identification details, transaction information, tax computations, and other required elements as specified in Philippine tax regulations. The receipt format adheres to BIR Revenue Regulations No. 16-2005 and includes provisions for both cash and credit transactions, while maintaining simplicity for small business operations.

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What is a Small Business Sales Receipt?

The Small Business Sales Receipt is a fundamental document required for all business transactions in the Philippines, serving as official proof of purchase and a critical record for tax compliance. This document is mandatory under Philippine law, specifically regulated by the Bureau of Internal Revenue (BIR) through various revenue regulations including BIR Revenue Regulations No. 16-2005. Small businesses must issue this receipt for all sales transactions, ensuring proper documentation of sales, taxes collected, and business information. The receipt must contain specific elements such as the business's registered name, TIN, address, and BIR permit numbers, while also including transaction details, tax computations, and other required information. It serves both as a legal record of the transaction and as supporting documentation for tax reporting purposes.

What sections should be included in a Small Business Sales Receipt?

1. Business Information Header: Legal business name, TIN, address, contact details, and BIR permit number

2. Receipt Number: Unique sequential receipt number as required by BIR

3. Date and Time: Date and time of transaction

4. Transaction Details: Itemized list of goods/services with quantities and unit prices

5. Computation: Subtotal, applicable taxes, and total amount

6. Payment Information: Mode of payment and payment status

7. Footer: This receipt shall be valid for five years from the date of ATP/PTU as required by BIR

What sections are optional to include in a Small Business Sales Receipt?

1. Customer Information: Customer name and details - required for transactions over PHP 1,000 or when requested by customer

2. VAT Information: VAT registration details and computations - required only for VAT-registered businesses

3. Discount Section: Details of any applied discounts or promotions

4. Warranty Information: Basic warranty or return policy information when applicable

5. Loyalty Program: Points earned or rewards information for businesses with loyalty programs

What schedules should be included in a Small Business Sales Receipt?

1. Terms and Conditions: Basic terms of sale, return policy, and warranty information - typically printed on the back of the receipt

2. Warranty Card: Separate warranty card for applicable products

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

Retail

Food and Beverage

Services

Small Manufacturing

Professional Services

Consumer Goods

Wholesale

Electronics and Appliances

Fashion and Apparel

Home and Furniture

Health and Beauty

Books and Stationery

Automotive Parts

Construction Materials

Relevant Teams

Finance

Accounting

Sales

Operations

Administration

Tax Compliance

Front Office

Customer Service

Retail Operations

Cash Management

Relevant Roles

Store Owner

Cashier

Retail Manager

Accountant

Bookkeeper

Sales Associate

Business Owner

Finance Manager

Tax Compliance Officer

Store Supervisor

Operations Manager

Small Business Administrator

Point of Sale Officer

Administrative Assistant

Financial Controller

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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