Philippines VAT Report: Quarterly Summary Lists of Sales and Purchases

Note:

This topic is for NetSuite accounts that use the Country Tax Report page to generate the Philippines Quarterly Summary Lists of Sales and Purchases (QSLSP) report. If you are using the Tax Reports (International) page, see VAT RELIEF Reports.

With Tax Reporting Framework, you can generate the following Philippines supplementary VAT reports:

To generate a report, see Generating Localized Country Tax Reports.

The SuiteTax Country Tax Reports APAC SuiteApp provides the tax report template and tax report localization for Philippines. You must install this SuiteApp to have Philippines tax reports available on the Country Tax Report page. For more information about the required SuiteApps for each country tax reports, see Tax Reporting Framework Localization Requirements.

Quarterly Summary List of Sales

The generated Quarterly Summary List of Sales (SLS) contains the following information:

Field

Description

Customer

Name of the company or individual customer

VAT Number

Philippines VAT registration number of the customer

Taxable Month

Month of transaction

Gross Amount

Gross amount of the exempt, zero, and standard-rated sales

Exempt Sales

Sales with exempt rate

Zero-rated Sales

Sales with zero rate

Standard-rated Sales

Sales with standard rate

Output Tax

Value-added tax on sales

Gross Taxable Sales

Total sum of Standard-rated Sales and Output Tax

Quarterly Summary List of Purchases

The Quarterly Summary List of Purchases (SLP) contains the following information:

Field

Description

Vendor

Name of the company or individual vendor

VAT Number

Philippines VAT registration number of the vendor

Taxable Month

Month of transaction

Gross Purchases

Gross amount of the exempt, zero, and standard-rated purchases

Exempt Purchases

Purchases with exempt rate

Zero-rated Purchases

Purchases with zero rate

Services

Standard purchases of service

Capital Goods

Standard purchases of capital goods

Goods

Standard purchases of goods

Input Tax

Value-added tax on purchases

Gross Taxable Purchases

Total sum of all standard purchases and VAT on purchases

To export the SLS or SLP, see Exporting a Country Tax Report.

For information about the reporting features of Country Tax Reports, see Tax Reporting Framework.

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General Notices