tools.mybizmate.io / updates / invoice-vs-official-receipt
mybizmate Tools · Update · 2024, in force
Invoice vs Official ReceiptWhy the invoice is now the document that matters for services too
For decades, goods meant invoices and services meant official receipts. The EOPT Act collapsed that split: the invoice is now the primary document for both, and the OR survives only as a supplementary acknowledgment of payment.
What changed
Sales of services are evidenced by an invoice. The official receipt no longer supports output VAT or a buyer's input VAT claim as the primary document; it may continue only as a supplementary payment acknowledgment.For Sellers
Reprint, convert, or reconfigure
Service businesses moved from OR booklets to invoices under the transition rules, whether by converting stock as allowed during the window or printing anew. What matters now: every sale of service raises an invoice.
For Buyers
Check what you accept
Input VAT rides on a valid invoice. Paying a service supplier and holding only an official receipt risks the claim, so procurement habits matter as much as bookkeeping ones.
Source
RA 11976 and its implementing regulations on invoicing.FAQ
Questions people actually search
- Pwede ko pa bang gamitin ang official receipt?
- Only as a supplementary acknowledgment of payment. The invoice is the primary document for the sale itself.
- Ano ang dapat kong hingiin sa supplier ng services?
- An invoice. Input VAT claims ride on it.
- Did this change VAT rates?
- No. It changed which document evidences the sale.
Related
Changes land in the software before your next filing.
mybizmate tracks issuances and updates its computations and forms, so compliance moves when the rules do.