Seminars Schedules

Chapter II – Compliance Requirements

Friday, 8 July 2011, 14:40 | Category : National Taxes, Value Added Tax
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SEC. 113. Invoicing and Accounting Requirements for VAT-Registered Persons. – (A) Invoicing Requirements. – A VAT-registered person shall issue: (1) A VAT invoice for every sale, barter or exchange of goods or properties; and (2) A VAT official receipt for every lease of goods or properties, and for every sale, barter or exchange of services. […]

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Chapter I – Imposition of Tax

Saturday, 18 June 2011, 9:39 | Category : National Taxes, Value Added Tax
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SEC. 105. Persons Liable. – Any person who, in the course of trade or business, sells barters, exchanges, leases goods or properties, renders services, and any person who imports goods shall be subject to the value-added tax (VAT) imposed in Sections 106 to 108 of this Code. The value-added tax is an indirect tax and […]

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Organization and Function of BIR

TITLE I ORGANIZATION & FUNCTION OF THE BUREAU OF INTERNAL REVENUE SECTION 1. Title of the Code. – This Code shall be known as the National Internal Revenue Code of 1997. SEC. 2. Powers and duties of the Bureau of Internal Revenue. – The Bureau of Internal Revenue shall be under the supervision and control […]