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:
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;
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);
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:
The word “abbreviated tax invoice” at a prominent place
The name or abbreviated name and taxpayer identification number of the retailer
Serial number of tax invoice or, if any, of book
Name, type, category, quantity and value of goods or services
The date of issuance
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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