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Philippines Tax Information

12% VAT

VAT is 12%. Registration required above PHP 3 million annual gross sales. BIR registration mandatory.

Accountant Services to Invoice

  • Bookkeeping
  • Tax preparation
  • Financial statements
  • Payroll services
  • Tax planning
  • Audit support
  • Advisory

Invoice Requirements in Philippines

TIN
BIR registration
Client TIN
VAT (12%)
Total in PHP

Payment Terms

Monthly bookkeeping billed monthly. Tax prep: 50% upfront, 50% on completion.

Cash15 days30 days45 days

Payment Methods in Philippines

Bank TransferGCashMayaCredit CardCheck

Accountant Invoice Tips

  • Reference service period
  • Detail returns prepared
  • Include software fees
  • Note complexity factors
  • Reference engagement letter

Frequently Asked Questions

What tax rate applies to accountant invoices in Philippines?

Philippines has 12% VAT. VAT is 12%. Registration required above PHP 3 million annual gross sales. BIR registration mandatory.

What payment methods are common for accountants in Philippines?

Common payment methods in Philippines include: Bank Transfer, GCash, Maya, Credit Card, Check. Monthly bookkeeping billed monthly. Tax prep: 50% upfront, 50% on completion.

What should accountant invoices include in Philippines?

Your invoice should include: TIN, BIR registration, Client TIN, VAT (12%). For accountant services specifically, also include: Bookkeeping, Tax preparation, Financial statements.

How do accountants price tax preparation?

Based on complexity: forms, schedules, and documentation required.

Should accountants charge for questions?

Include reasonable questions. Track time for extensive consultations.

What is Philippines VAT rate?

12% on most goods and services. Exports are zero-rated.