Difference between Sales Invoice and Official Receipt

VAT Taxpayers
  1. Engaged in Sale of Goods and Properties
    • VAT Sales Invoice
      • Sales Invoice issued by the seller to the buyer as written evidence on sale of goods or properties in an ordinary course of business, whether cash or on account (credit)
      • Sales Invoice List down the details of the items or goods sold. It will also be the basis of the output
    • VAT VAT Collection Receipt
      • Collection receipt is issued by the seller to the buyer as acknowledgement on receipt of cash and/or payment of goods sold.
      • When you issue a collection receipt, indicate the sales invoice number to which the collection pertains to.
  2. Engaged in Sale of Services
    • VAT Official Receipt
      • Official Receipt is issued by the seller to the buyer as written evidence on sale of services or leasing of properties, as well as acknowledgement on collection of cash payment on services rendered.
      • It serves as basis of the output tax liability of the seller and input tax claim of the buyer.
Non-VAT Taxpayers
  1. Engaged in Sale of Goods and Properties
    • Non-VAT Sales Invoice
      • Sales Invoice issued by the seller to the buyer as written evidence on sale of goods or properties in an ordinary course of business, whether cash or on account (credit)
      • Sales Invoice List down the details of the items or goods sold. It will also be the basis of the percentage tax Liability.
    • VAT VAT Collection Receipt
      • Collection receipt is issued by the seller to the buyer as acknowledgement on receipt of cash and/or payment of goods sold.
      • When you issue a collection receipt, indicate the sales invoice number to which the collection pertains to.
  2. Engaged in Sale of Services
    • VAT Official Receipt
      • Official Receipt is issued by the seller to the buyer as written evidence on sale of services or leasing of properties, as well as acknowledgement on collection of cash payment on services rendered.
      • It serves as basis of the percentage tax liability of the seller.

Leave a comment