BIR Rules on VAT Submission and Invoices

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BIR REVENUE MEMORANDUM CIRCULAR NO. 2-90: BIR Rules on VAT Submission and Invoices

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Title Supreme Court: BIR Rules on VAT Submission and Invoices

Law: Bir Revenue Memorandum Circular No. 2-90

Decision Date: Jan 9, 1990

BIR Revenue Memorandum Circular No. 2-90 mandates VAT-registered taxpayers with quarterly gross sales exceeding P2,500,000 to submit a Summary List of Sales and Purchases along with four-copy invoices for specific transactions, ensuring compliance with VAT regulations.

submission

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purchases

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