Philippines VAT Report: Quarterly Summary Lists of Sales and Purchases

Note:

This topic is for NetSuite accounts that use the Country Tax Report page to generate the Philippines Quarterly Summary Lists of Sales and Purchases (QSLSP) report. If you are using the Tax Reports (International) page, see VAT RELIEF Reports.

With Tax Reporting Framework, you can generate the following Philippines supplementary VAT reports:

• Quarterly Summary List of Sales

• Quarterly Summary List of Purchases

To generate a report, see Generating Localized Country Tax Reports.

The SuiteTax Country Tax Reports APAC SuiteApp provides the tax report template and tax report localization for Philippines. You must install this SuiteApp to have Philippines tax reports available on the Country Tax Report page. For more information about the required SuiteApps for each country tax reports, see Tax Reporting Framework Localization Requirements.

Quarterly Summary List of Sales

The generated Quarterly Summary List of Sales (SLS) contains the following information:

Field	Description
Customer	Name of the company or individual customer
VAT Number	Philippines VAT registration number of the customer
Taxable Month	Month of transaction
Gross Amount	Gross amount of the exempt, zero, and standard-rated sales
Exempt Sales	Sales with exempt rate
Zero-rated Sales	Sales with zero rate
Standard-rated Sales	Sales with standard rate
Output Tax	Value-added tax on sales
Gross Taxable Sales	Total sum of Standard-rated Sales and Output Tax

Quarterly Summary List of Purchases

The Quarterly Summary List of Purchases (SLP) contains the following information:

Field	Description
Vendor	Name of the company or individual vendor
VAT Number	Philippines VAT registration number of the vendor
Taxable Month	Month of transaction
Gross Purchases	Gross amount of the exempt, zero, and standard-rated purchases
Exempt Purchases	Purchases with exempt rate
Zero-rated Purchases	Purchases with zero rate
Services	Standard purchases of service
Capital Goods	Standard purchases of capital goods
Goods	Standard purchases of goods
Input Tax	Value-added tax on purchases
Gross Taxable Purchases	Total sum of all standard purchases and VAT on purchases

To export the SLS or SLP, see Exporting a Country Tax Report.

For information about the reporting features of Country Tax Reports, see Tax Reporting Framework.

Related Topics

Philippines VAT Report: Quarterly Return Form 2500Q

Philippines VAT Report: Monthly Return Form 2550M

Installing Tax Reporting Framework

Roles and Permissions in Tax Reporting Framework

Setting Up Country Tax Reporting Preferences

Generating Localized Country Tax Reports

Viewing a Generated Country Tax Report

Making Adjustments on a Country Tax Report

Exporting a Country Tax Report

Electronic Tax Filing in Tax Reporting Framework

Customizing Localized Tax Returns

Country Tax Reports in Tax Reporting Framework

Tax Reporting Framework Error Codes

Known Limitations of Tax Reporting Framework

General Notices