SUMMARY LIST OF SALES AND PURCHASES

Relevant revenue issuances

REVENUE REGULATIONS NO. 16-2005

Consolidated Value-Added Tax Regulations of 2005.

Sec. 4.114-3. Submission of Quarterly Summary List of Sales and

Purchases. –

a. Persons required to Submit Summary Lists of Sales/Purchases. –

(1) Persons required to submit Summary Lists of Sales. – All persons

liable for VAT such as manufacturers, wholesalers, service-
providers, among others, with quarterly total sales/receipts (net of
VAT) exceeding Two Million Five Hundred Thousand Pesos (Php
2,500,00.00)

(2) Persons required to submit Summary Lists of Purchases. – All

persons liable for VAT such as manufacturers, wholesalers,
service-providers, among others, with quarterly total purchases
(net of VAT) exceeding One Million Pesos (Php 1,000,000.00)
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REVENUE REGULATIONS NO. 1-2012

Requiring the mandatory submission of quarterly summary list of sales
and purchases (slsp) by all vat registered taxpayer thereby amending
section 4.114-3 of revenue regulations no. 16-2005, as amended

SECTION 2. SUBMISSION OF QUARTERLY SUMMARY LIST OF

SALES AND PURCHASES. Section 4.114-3 (a) and (e)(7) is hereby modified
to read as follows:

SECTION 4.114-3. Submission of Quarterly Summary List of Sales and

Purchases. —

a. Persons Required to Submit Summary Lists of Sales/Purchases. —

(1) Persons Required to Submit Summary Lists of Sales. — All persons

liable for VAT such as manufacturers, wholesalers, service-providers,
among others are required to submit Summary List of Sales.

(2) Persons Required to Submit Summary Lists of Purchases. — All persons

liable for VAT such as manufacturers, service-providers, among others are
required to file Summary List of Purchases.
SUBMISSION OF QUARTERLY SUMMARY LIST OF SALES
AND PURCHASES

Who are required to submit SLSP?

In Revenue Regulations No. 1-2012, the BIR further amends certain

provisions of the Consolidated Value-Added Tax Regulations of 2005 or RR
No. 16-2005 to finally make the SLSP a Mandatory submission among ALL
VAT-REGISTERED Taxpayers regardless of the amount of the transaction.

How to file SLSP?

An electronic facility called a RELIEF (downloadable from BIR website)

has been devised by the BIR and prescribed to be used in encoding the
required details from the official receipt.

When to file SLSP?

In Revenue Regulation No. 16-2005, it stated that SLSP shall be filed not
later than the 25th day of the month following the end of the quarter, or the
30th day for Large Taxpayers.

CONCLUSION

In view of the foregoing, Rockwell is therefore, required to submit the

quarterly SLSP even with nil VAT transactions.