DISCUSSION OF RR 7-2024 REGARDING NEW INVOICING REQUIREMENTS | OFFICIAL RECEIPTS AND SALES INVOICE

Ang new implementation guidelines ay base sa RA 11976 kung saan ang Ease of Doing Business and Ease of Paying of Taxes ay naisabatas netong January 2024.
This video aims to simplified the explanation of RR 7-2024 for the benefit of all taxpayers especially SMEs who choose to handle their BIR compliances.
For more ellaborated guideline you may downloaf the whole Revenue Regulation 7-2024 from the official website of our Bureau of Internal Revenue. For easy access of website attached here the link that will direct to the BIR official website.
www.bir.gov.ph/index.php/home...
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Thank you

[@girlnamedaugust]

thank you for this very detailed video! 💗

[@rosacenteno3194]

Ano po LALAGAY sa sold to ng sales invoice? Trade name or owners name pag sole prop ? Pag corporation po sec name ?

[@eeel815]

Ma'am Paano po kung ang OR ay na cross out at nilagyan nadin ng Billing invoice pero may note na " not Valid to claim Input Tax", need ko bang humingi ulit ng bagong Billing invoice to claim the withholding?

[@i_am_nej]

@@eeel815 hi ang input tax po ay iba sa withholdinh tax.
✅ Input tax is a vat from purchases
✅ Withholding tax is income payments paid by your customer
Walang bearing yung "this document is not valid for input tax" kung ang concern po is mag claim ng creditable withholding tax.
Kaya po ito nakalagay sa mga non vat registered na invoices para po kapag meron kayong vatable na customer hindi magamit yung resibo nyo sa pagclaim naman nila ng vat kasi wala naman po kayong vat remittance sa bir.

[@bendelaserns5158]

Anong receipts ang maga senior citizens association ang gagamitin? Registered kami sa BIR & SEC.

[@i_am_nej]

@@bendelaserns5158 hi po as stated in EOPT invoices po nag gagamitin

[@theresaotanescttcpa1177]

Ang billing statement ba dapat din i-strikeout and stamped as Billing Invoice? REQUIRED din po ba na BIR registered din ang billing statement or okay lng na sariling template ni company?

[@i_am_nej]

Hi po official receipts lang po ang pwede iconvert into invoice. Kung may billing statement po kayo meron din po kayo dati na kapartner neto na official receipts para sa payment ng billing statement. Ang billing statement po ay supplementary receipts na po talaga kaya no need to alter.
Official receipts po yung dapat na documents po na kapartner noon ng billing statement nyo

[@user-mk2fp1oh4y]

mam yun sa resibo naman po ng NON-VAT.. "SERVICE/SALES INVOICE" pa rin po ba or "EXEMPT" po ang ilalagay pagka crossout ng Official Rececipt?

[@i_am_nej]

Anong exempt po tinutukoy nyo? Ang pagpipiliian nyo lnag po ay:
1. OR as supplementary receipts; or
2. OR as "Invoice" lang po

[@rositabalictar9367]

Non Vat po ang 2 business ng kapatid ko. yung mga OR ginamit pa din namin as proof of sales at nirecord sa books of account. are they valid sa computation ng percentage tax? pero nai-file ko na yung remaining unused OR.

[@i_am_nej]

@@rositabalictar9367 hi as i discussed on video po pwede pa din po basta make sure na yung naissue nyo po is lahat ng series (including na duplicate copies) ay dapat may tatak na word ma invoice at naka strike through ang salitang official receipts. Kapag ang naiissue ay hindi nacomply yun, hindi sya valid proof na may nabenta ka

[@user-mk2fp1oh4y]

saka po... sa billing/quotation dapat po ba naka attached na rin ang service invoice/sales invoice/exempt?

[@i_am_nej]

Magkaiba po ang quotation sa billing. Kapag quotation po means proposal for service offered kapag billing po is statement of account that is for collection.

[@KagTV1588]

Ask ko Ng Po required Po ba si supplier na mag issue Ng sales invoice kahit di pa sya tapos sa service nya let's say for example sa catering need na po ba mag issue Ng sales invoice kahit di pa tapos Yung catering ? Or di pa nasisimulan Yung catering ? Thanks po

[@i_am_nej]

Hi po for services po mag issue ka po ng invoice once completed na po yung service, or kapag meron downpayment na nareceived issuehan mo po ng invoice yung partial payment po.

[@Inspectormills1001]

Hi ma'am good day, may question po is pano yung process kung mag billing pa lang kay client anong gagamitin kong invoice? need pa yung sales invoice kasi not valid na daw yung billing invoice from excel dapat daw converted invoice from BIR na ang gagamitin.

[@Inspectormills1001]

FYI, waiting po ako dun sa sales invoice na pina-print ko from BIR. -- isa po akong freelancer graphic artist

[@i_am_nej]

@@Inspectormills1001 hi for this concern po ang magiging document mo po to serve as your billing is yung sales invoice or invoice. Para naman po sa billing invoice na naka excel file lang even wala pa po ang EOPT Act hindi po allowed ang improvised invoices as proof your sales and proof na may for billing kayo kasi ang authorized lang po na principla receipts at supplemenyary documents ay yung may mga permit or Authory To Print (ATP) from BIR.
Yung billing invoice naman po ay pwede as stated sa RR 7-2024 and RR 11-2024 basta po may ATP at hindi naka excel file lang. Ang pinapaconvert lang po sa batas naten ay ang mga Official Receipts kasi ito po ay dating nakabilang as principal receipts ngayon po as discussed po sa video magiging supplementary document na lang sya meaning hindi sya valid document to claim input tax and to use as valid expense kasi supporting docs lang sya. Medyo mahabang paliwanagan kasi ito I suggest consult po kayo if may kakilala kayong accountant usually we charge a consultation po per hour kaya i-maximize nyo po yung mga itatanong nyo para sulit ibabayad nyo dun sa accountant na magcoconsult kayo

[@meannureta9761]

Hi Ma'am, pwede ka ba gumawa ng separate video para sa amendment ng RR 11-2024 and RMC 65-2024?

[@i_am_nej]

Hi po yes nakaline up na po yung RR 11-2024 naten mas short discussion kasi amendment na lang pero itatouch ko yung pinaka highlight po dun sa RR 11-2024 related sa new invoicing 🥰 thank you po sa suggestion

[@meannureta9761]

@@i_am_nej thank you maam.. and yung RMC 65-2024 regarding sa Output VAT Credit on Uncollected Receivables mejo nakakalito po kase.. thank you

[@rubyandlyn-c9s]

Paano po yong non vat na kakaregister lng nung march need na po ba stamp and ideclare?

[@i_am_nej]

@@rubyandlyn-c9s hi po if naka Official Receipts pa din po ang naapprove n lay out at naka ATP you are also required to comply RR 7-2024 and RR 11-2024 in case naman po na naka sales invoice or any form ng invoice n ang resibo nyo, don't bother na kasi naka invoice na yung naka ATP at naprint na booklets

[@frnkieperez4998]

Maam, pwede po bang ilagay ang "CASH" lang sa Sales Invoice?

[@i_am_nej]

@@frnkieperez4998 Hi po 😊 generally speaking dapat po fully filled-up po ang issued invoices po naten 🙂

[@jerieleetamayo8897]

Hello po..ibig pong sabihin pwede po gamitin ang mga unused receipt hanggang sa maubos kahit lumagpas.pa ng dec 2024

[@i_am_nej]

Hi po sa new release amended transitory guideline na RR 11-2024 ay pwede na po magamit until last supply ensure lang po na makapag submit ng inventory list ng mga unused OR na icoconvert into invoice

[@ikajlou]

Panu po ba mgsubmit ng inventory list of unused OR? Ung unused booklets lang po ba dadalhin sa rdo mo?
Also po, nonvat kasi OR ko so, apektado pa din akp nitong 11-2024? Thanks po

[@arnoldbarangan4750]

​@@i_am_nej til when pwede nmagsubmit ng inventory?