VAT Ruling No. 014-96

July 16, 1996 VAT RULING NO. 014-96 Sec 4 108-1-000-014 Jollibee Foods Corporation 5th Floor, Jollibee Centre Building San Miguel Ave., Pasig City Attention: Ms . Annie S . Masancay AVP for Accounting Gentlemen : This refers to your letter dated September 9, 1994 requesting approval for the use of your revised invoice form showing separate columns for VAT and NON-VAT transactions and indicating therein the word "VAT" and "NON-VAT" after the TIN. It is represented that your company supplies VAT or VAT-exempt goods to your franchises; that for purposes of avoiding complicated operations, high printing cost, voluminous transactions and files, you seek exemption from the rule that "if the taxable person is also engaged in exempt transactions, he should issue separate invoices or receipts for the taxable and exempt transactions." From the sample invoices submitted to this Office, where both VAT and Non-VAT numbers are indicated in the invoice, there appears two columns designating "Amount with VAT" and "Amount with Non-VAT" under which clearly indicated the billing for items which are taxable and exempt respectively. In reply, please be informed that this Office interposes no objection to the use of multiple purpose invoice to cover both VAT and Non-VAT transactions provided the invoicing requirements under Sec. 4.108-1 of RR 7-95 are complied with. cdtech Very truly yours, LIWAYWAY VINZONS-CHATO Commissioner of Internal Revenue