Purchase Invoice Template for Philippines

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Key Requirements PROMPT example:

Purchase Invoice

"I need a Purchase Invoice for my IT consulting company based in Manila, selling software development services worth 500,000 PHP to a local corporate client, with 30-day payment terms and quarterly deliverables starting January 2025."

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What is a Purchase Invoice?

A Purchase Invoice is a critical commercial document used in the Philippines to formalize and record sales transactions between businesses or between a business and individual customers. It serves multiple purposes: as a formal request for payment, a record of the transaction for accounting purposes, and a document for tax compliance under Philippine law. The document must adhere to strict requirements set by the Bureau of Internal Revenue (BIR), including specific content such as TIN numbers, VAT details, and prescribed declarations. Purchase Invoices are essential for businesses to claim input VAT credits and document expenses for tax purposes. They form part of the mandatory business records that must be maintained under Philippine tax regulations and can be subject to audit by tax authorities. The document's format and content must comply with both the National Internal Revenue Code and various BIR revenue regulations governing business transactions.

What sections should be included in a Purchase Invoice?

1. Invoice Header: Contains the seller's business information, TIN, invoice number, and date

2. Buyer Information: Complete details of the buyer including name, billing address, and TIN if applicable

3. Transaction Details: Basic information about the sale including date, payment terms, and delivery information

4. Item Details: Itemized list of products/services with descriptions, quantities, unit prices, and amounts

5. Calculation Summary: Subtotal, applicable taxes (VAT), discounts if any, and total amount

6. Payment Information: Payment methods accepted, bank details if applicable, and due date

7. Legal Declarations: Required tax declarations, TIN information, and invoice validity statement

What sections are optional to include in a Purchase Invoice?

1. Shipping Details: Used when goods are to be delivered to a different address than the billing address

2. Purchase Order Reference: Include when the purchase is made against a specific purchase order

3. Special Discounts: When special pricing or promotional discounts are applied to the purchase

4. VAT Zero-Rating Declaration: Required for zero-rated transactions under Philippine tax law

5. Foreign Currency Conversion: When transaction involves foreign currency, showing conversion rates and peso equivalent

6. Terms and Conditions: Optional additional terms specific to the transaction or business relationship

What schedules should be included in a Purchase Invoice?

1. Detailed Item Specifications: When products require detailed technical specifications or additional description

2. Delivery Schedule: For multiple delivery dates or complex delivery arrangements

3. Price Computation Breakdown: Detailed breakdown of price components for complex pricing structures

4. Supporting Documents: Any required attachments such as delivery receipts, warranties, or certificates

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

Relevant Industries

Retail

Manufacturing

Wholesale Trade

Construction

Professional Services

Information Technology

Agriculture

Healthcare

Education

Food and Beverage

Real Estate

Transportation and Logistics

Mining and Resources

Energy

Telecommunications

Relevant Teams

Finance

Accounting

Procurement

Tax

Operations

Accounts Payable

Accounts Receivable

Internal Audit

Treasury

Compliance

Relevant Roles

Accounts Payable Manager

Accountant

Finance Manager

Procurement Officer

Purchasing Manager

Tax Compliance Officer

Financial Controller

Billing Coordinator

Business Owner

Operations Manager

Finance Director

Accounts Receivable Specialist

Bookkeeper

Chief Financial Officer

Internal Auditor

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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