1) What is "RELIEF"?
RELIEF means Reconciliation of Listings for Enforcement. It supports the third party information program of the Bureau through the cross referencing of third party information from the taxpayers' Summary Lists of Sales and Purchases prescribed to be submitted on a quarterly basis.
2) Who are required to submit Summary List of Sales?
Effective January 1, 2012 - RR 01-2012 visit http://www.sas-
3) Who are required to submit Summary List of Purchases?
Effective January 1, 2012- RR 01-2012, All VAT taxpayers are required to submit the quarterly summary list of purchases (SLP). The requirement previously applies to VAT-registered taxpayers with total quarterly total purchases (net of VAT) exceeding P1M.
4) What are the Summary Lists required to be submitted?
a) Quarterly Summary List of Sales to Regular Buyers/Customers and Casual Buyers/Customers and Output Tax;
b) Quarterly Summary List of Local Purchases and Input tax; and
c) Quarterly Summary List of Importation
5) Who are "Casual Buyers/Customers?
Casual Buyers/Customers refer to buyers/customers who are engaged in business/ exercise of profession but did not qualify as regular buyers/customers, the amount of individual transaction is P 100,000 or more but did not qualify as regular buyers/customers.
6) Who are "Regular Buyers/Customers?
They shall refer to buyers/customers who are engaged in business or exercise of profession with whom the taxpayer has transacted at least six (6) transactions in the previous year or current year, regardless of the amount of sale per transaction.
7) What are the contents of the Quarterly Summary List of Sales to Regular Buyers/Customers and Casual Buyers/Customers and Output Tax?
The Quarterly Summary List of Sales to regular buyers/customers and casual buyers/customers and output tax shall indicate the following:
a) BIR Registered Name of the Buyer who is engaged in business/exercise of profession
b) TIN of the Buyer for sales subject to VAT
c) Exempt Sales
d) Zero-Rated Sales
e) Sales Subject to VAT (exclusive of VAT)
f) Output Tax (VAT on Sales)
8) What are the contents of the Quarterly Summary List of Local Purchases and Input Tax?
The Quarterly Summary List of Local Purchases and Input Tax shall indicate the following:
a) BIR Registered Name of the Seller/Supplier/
b) Address of Seller/Supplier/
c) Taxpayer Identification Number (TIN) of the Seller
d) Exempt Purchases
e) Zero-Rated Purchases
f) Purchases Subject to VAT (Exclusive of VAT) -
· On Services
· On Capital Goods
· On Goods and Other than Capital Goods
g) Creditable Input Tax
h) Non-Creditable Input Tax
9) What are the contents of the Quarterly Summary List of Importations?
The Quarterly Summary List of Importations shall indicate the following:
a) Import Entry Declaration Number
b) Assessment /Release Date
c) Date of importation
d) Name of Seller
e) Country of Origin
f) Dutiable Value
g) All Charges Before release from the Customs' Custody
h) Landed Cost:
· Taxable (Subject to VAT)
i) VAT Paid
j) Official Receipt (OR) No. of the Official Receipt Evidencing Payment of the Tax
k) Date of VAT Payment
10) When and where will taxpayers file/submit the Quarterly Summary List of Sales and Purchases?
The quarterly summary list of sales or purchases whichever is applicable shall be submitted to the RDO or LTDO or LTAD having jurisdiction over the taxpayer on or before the twenty-fifth (25th) day of the month following the close of each taxable quarter.
11) Can the VAT withheld and paid for the non-resident recipient, which VAT is passed on to the resident withholding agent by the non-resident recipient of the income, be claimed as an input tax?
Yes. It can be claimed as an input tax by the said VAT registered Withholding Agent upon filing his own VAT return, subject to the rules on allocation of input tax among taxable, zero-rated and exempt sales.
12) Are all Value Added Taxpayers required to mandatorily file the summary list in magnetic form using 3.5 inch floppy diskette or CD?
Yes. Effective January 1, 2012 - RR 01-2012, All VAT taxpayers are required to submit the quarterly summary list of sales and purchases (SLS/SLP).
13) What is the penalty for failure to submit the quarterly summary list in the prescribed manner?
P 1,000 - For each failure to file, keep or supply the required documents
Aggregate amount not to exceed P 25,000 for the taxable year
Willful failure to keep any record or to supply the information at the time or times required shall be subject to the criminal penalty under the Tax Code of 1997.
*Compromise on such violation SHALL NOT relieve the violating taxpayer from the obligation to submit the required documents.
For RELIEF Technical Queries visit http://www.sas-