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Commercial Invoice Gift for Philippines

Commercial Invoice Gift Template for Philippines

A Commercial Invoice Gift is a formal document used in the Philippines that combines elements of both a commercial invoice and a gift declaration. It serves as an official record of a gratuitous transfer of goods or items, complying with Philippine tax and customs regulations. This document is essential for proper declaration of gifts, especially in commercial contexts, and must adhere to the requirements set forth by the Bureau of Internal Revenue (BIR) and Philippine customs authorities. It provides detailed information about the donor, recipient, gift description, and declared value, while clearly establishing the non-commercial nature of the transaction.

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What is a Commercial Invoice Gift?

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.

What sections should be included in a Commercial Invoice Gift?

1. Invoice Header: Contains invoice number, date, and 'GIFT' designation clearly marked

2. Donor Information: Complete details of the gift sender including name, address, contact information, and tax identification number if applicable

3. Recipient Information: Complete details of the gift recipient including name, address, contact information, and tax identification number if applicable

4. Gift Description: Detailed description of the gifted items including quantity, specifications, and condition

5. Value Declaration: Fair market value of the gifted items in Philippine Peso (PHP) and/or other relevant currency

6. Gift Purpose Statement: Clear statement indicating the gratuitous nature of the transfer and that no payment is expected

7. Certification: Declaration of the authenticity of the gift transaction and compliance with Philippine laws

What sections are optional to include in a Commercial Invoice Gift?

1. Insurance Information: Details of insurance coverage during transit, if applicable for high-value gifts

2. Special Handling Instructions: Required for fragile, perishable, or items needing specific care during transport

3. Cultural Property Declaration: Required when gifting items of cultural or historical significance

4. Third Party Authorization: When someone other than the recipient is authorized to receive the gift

5. Tax Implications Notice: Statement regarding potential tax obligations, required for high-value gifts

What schedules should be included in a Commercial Invoice Gift?

1. Appendix A - Item Photographs: Visual documentation of gifted items, particularly important for high-value or unique items

2. Appendix B - Valuation Certificates: Professional appraisals or value certificates for high-value items

3. Appendix C - Origin Documentation: Certificates of origin or authenticity where applicable

4. Schedule 1 - Itemized List: Detailed inventory of multiple items with individual values and descriptions

5. Schedule 2 - Condition Report: Detailed description of the condition of gifted items, particularly for antiques or valuable items

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Philippines

Document Type

Commercial Invoice

Cost

Free to use

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