Document background
The Commercial Invoice Gift is a specialized document used in the Philippines when there is a need to formally document the transfer of goods as a gift while maintaining commercial invoice standards. This document type is particularly important for compliance with Philippine tax laws, customs regulations, and commercial documentation requirements. It is commonly used in situations involving corporate gifts, charitable donations, or international gift shipments where formal documentation is required. The document must include specific elements required by Philippine law, including clear gift designation, proper valuation for tax purposes, and complete identification of both donor and recipient. A Commercial Invoice Gift helps prevent misinterpretation of the transaction as a sale and ensures proper handling by customs and tax authorities.
