Philippines Tax Topics

NetSuite provides value added tax (VAT) and withholding tax tracking and reporting for businesses in the Philippines.

For VAT, you must install the International Tax Reports SuiteApp.

For withholding tax, you must install the Withholding Tax SuiteApp.

For Philippines RR09-2009 audit files, you must install the Tax Audit Files SuiteApp.

To use NetSuite to track and report VAT in the Philippines, read the following topics:

• International Tax Reports

• Installing and Setting Up International Tax Reports

• Creating or Customizing Roles to Use the International Tax Reports

  • Permissions to Use International Tax Reports

  • Granting Access to VAT/GST Reporting

  • Granting Access to Sales and Purchase Reports Grouped by Tax Code

• Setting Tax Preferences

• Setting Tax Rounding Levels, Methods, and Precision Settings

• Managing Tax Codes

• Philippines Tax Codes

• Accounting for Value Added Tax (VAT) - Philippines

• VAT Reports - Philippines

  • Monthly and Quarterly VAT Reports for the Philippines

  • What goes into each box - Philippines VAT report

  • VAT RELIEF Reports - quarterly Summary List of Sales (SLS) and quarterly Summary List of Purchases (SLP)

To use NetSuite to track and report withholding taxes in the Philippines, read the following topics:

• Withholding Tax Overview

• Setting Up Withholding Tax - Philippines

• Setting Default Withholding Tax Codes

• Applying Withholding Taxes on Transactions as a Buyer

• Recording Withholding Taxes on Transactions as a Seller

• Withholding Tax Reporting

• Accounting for Creditable Withholding Tax - Philippines

• Creating Withholding Tax Types - Philippines

• Creating Withholding Tax Codes - Philippines

• Creditable Withholding Tax Codes - Philippines

• Withholding Tax Reports - Philippines

To use NetSuite to export general ledger data from NetSuite for tax audit purposes, read the following topics:

• Philippines Tax Audit Files

• Using Tax Audit Files

• Generating a Tax Audit File

For more information about tax features in NetSuite, refer to the list of related topics.

For more information about taxation in the Philippines, go to the Bureau of Internal Revenue web site.

Related Topics

• Tax Accounting Overview
• Enabling and Setting Up Taxation Features
• Advanced Taxes
• Paying Tax Liabilities - Non-U.S. Editions and Nexuses
• Managing Tax Codes
• Setting Tax Preferences
• Setting Tax Rounding Levels, Methods, and Precision Settings

General Notices