What is an abbreviated tax invoice?

 An abbreviated tax invoice is an important documentation for a “retail business” which sells goods directly to customers or provides service in a small amount to a large number of customers; for example, stall business, grocery stores, drug stores, petroleum retailing business, department stores, food stores, and hotels. However, the retail business must have the following characteristics and/or conditions:

1. A retailer must sell goods directly to customers only in an amount that the customers will consume or use, and not for the purpose of reselling; for example, stall business, grocery stores, drug stores, petroleum retailing business, and department stores;

2. A provision of service in a small amount to a large number of customers; for example, restaurants, any repair business, movie theater business, gas stations, and insurance business (Compulsory Third Party Insurance);

3. Such business persons must provide and give a tax invoice and a copy of tax invoice which includes all lists for selling goods or providing service every time customers ask for;

 

Abbreviated tax invoice shall contain at least the following particulars:
 

1. The word “abbreviated tax invoice” at a prominent place;
2. The name or abbreviated name and taxpayer identification number of the retailer
3. Serial number of tax invoice or, if any, of book;
4. Name, type, category, quantity and value of goods or services;
5. The date of issuance;
6. The price of goods or services which clearly shown that value added tax is included;

Whereas the VAT registrant carrying on the retail business wishing to use the cash register machine to issue abbreviated tax invoice, shall submit the request for approval to the Director-General at the local Revenue office where the place of business is located.

 

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