Post
Topic
Board Reputation
Re: Bitcointalk Charity and its funds
by
Bttzed03
on 26/12/2021, 09:27:01 UTC
~

Three scrunched up receipts from eleven months ago.  Two are hand written with no contact details and a vague letter "C" as if that's supposed to explain all.

Then receipt 0367 in image three has the wording: This document is not valid for claim of input taxes."

Did it occur to you on reading (the tax disclaimer) that you might run into difficulties later on down the track if there were an audit of your expenditure?
Just want to shed some light on those receipts, they are not considered Official Receipts and therefore not qualified to be used for input taxes. It's a common practice among small-medium businesses (registered/unegistered) here not to use receipts approve by the BIR because it costs more and it takes time to get one from authorized printing companies.

The C usually means Cash payment and that's also a common practice.