Document background
The Commercial Invoice Document is a fundamental business document used in the Philippines to record and validate commercial transactions between parties. It serves multiple purposes: as a tax document for BIR compliance, as evidence of a commercial transaction, and as a basis for payment collection. When used in international trade, it must comply with both Philippine regulations and international customs requirements. The document includes crucial information such as seller and buyer details, tax identification numbers, itemized list of goods or services, pricing, tax calculations, and payment terms. It must follow specific formatting and content requirements as mandated by Philippine law, particularly BIR Revenue Regulations and the National Internal Revenue Code.
