Invoices after EOPT: the ₱500 rule, step by step
R.A. 11976 (Ease of Paying Taxes) amended NIRC Section 237. Persons subject to internal revenue tax issue a registered sale or commercial invoice for each sale or service valued at ₱500 or more.
Step by step
- Sale of ₱500 or more: issue an invoice at the point of sale
- Below the threshold: at the end of the day, issue one invoice for the aggregate sales, if the aggregate is at least ₱500
- Buyer asks for one: issue it, regardless of the amount
- VAT-registered: issue invoices regardless of the amount
Example
Illustrative example only. Non-VAT laundry service, three small jobs in a day: ₱200, ₱150, ₱180. Total ₱530. No invoice per job, unless a customer asks. One invoice at day's end for ₱530.
⚠️ Tandaan
The invoice shows name, TIN, date of transaction, quantity, unit cost and description. The ₱500 figure is adjusted every three years using the consumer price index, so check BIR for the current amount.
Sa invoice mo
- ☐ Your name and TIN are on it
- ☐ Date of transaction
- ☐ Quantity, unit cost and description
- ☐ End-of-day total if small sales
Service invoice, handa na 👇
Basis: R.A. 11976, Sec. 35, amending NIRC Sec. 237.