Review on BIR’s New Invoicing Rules: Key Changes in RR No. 7-2024 and 11-2024
Upon the Effectivity of these Revenue Regulations. INVOICE will be the primary documents for both Trading and Service type of businesses. As Illustrated above: 1.) There’s no effect on Trading businesses on the invoicing requirements. Sales Invoice as primary documents and collection receipt as secondary documents. 2.) On Service businesses, Official Receipts are no longer Read More …