Requirement of Issuing Sales Invoices

August 22, 1960 BIR RULING NO. 372-60 The Aurora Lingat Store 564 Divisoria Market Tondo, Manila Attention : Mr . Aquilino D . Confiado S i r : In answer to your letter inquiring about the requirement of issuing sales invoices, please be informed as follows: An owner of a store, being subject to tax, must, for each sale worth two pesos or more, issue a sales invoice. If the price of sale is fifty pesos or more, the name and address of the buyer as well as the number, date and place of issue of his residence certificate must be indicated in the sale invoice. No receipt or invoice need be issued for sales of less than two pesos but the same should be entered immediately after the sale is effected in the record of petty sales which must be summarized at the end of the day and the total transferred to the sales book. cdll However, an owner of a store whose gross sales for the preceding calendar year exceed twenty thousand pesos must issue a receipt or an invoice for sale regardless of the value. Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue