BIR Allowing SMEs to Use Invoices as Non-VAT
August 29, 2018 — Small and medium businesses (SMEs) can now use their existing invoices and receipts as non-VAT, in accordance with the new Revenue Regulation that was released by the Bureau of Internal Revenue last August 10, 2018. Flickr (Camilo Rueda López) SMEs Reclassified as Non-VAT Due to TRAIN One of the most notable…