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ANNEX“A”PartiestoTransactionA.ONLINESHOPPING(Withoutintermediary)Merchant/Retailer
1.
 
Ifpaymentreceivedthrucreditcardcompanies:(a)IssueelectronicallytheBIRregisteredInvoice/ORforthefullamountofthesaletothebuyer;(b)issueacknowledgementreceipttothecreditcardcompanyfortheamountreceived;(c)paythecommissionofcreditcardcompanynetof10%EWT
2.
 
Ifpaymentreceivedthruthebanks:(a)
 
issueInvoice/ORtothebuyerforthepaymentofthegoods/services;(b)issueacknowledgementreceipttothebankfortheamountreceived
3.
 
Ifbuyer’spaymentiscashondeliveryorintheofficeofmerchant(pick-up):IssueeitherelectronicallyormanuallytheBIRregisteredInvoice/ORforthefullamountofthesaletothebuyerBuyer/CustomerPaythepriceofthegoods/servicethru:1.
 
CreditCard-(a)receivethePaymentConfirmation,underthenameofthemerchant,forthepurchasepricechargedbycreditcardcompany;(b)receiveInvoice/ORfromthemerchantupondeliveryofthegoodsorrenderingofservice2.
 
Banks–(a)receivevalidatedcopyofthedepositslipsmadeinthenameofthemerchant;(b)receiveInvoice/ORfromthemerchantupondeliveryofthegoodsorrenderingofservice3.
 
Cashondeliveryorintheofficeofmerchant(pick-up):ReceiveeithertheelectronicormanualregisteredInvoice/ORforthefullamountofpaymentmadetomerchant/retailerPaymentGateways1.
 
CreditCards:(a)
 
IssuePaymentConfirmation(inthenameofthemerchant-seller)forthepurchasepricechargedtobuyer;(b)Remittomerchant-sellerthepriceamountlessEWTof½of1%;(c)receiveagreedcommissionfrommerchant,netofEWTof10%2.
 
Banks(overthecounter):(a)
 
Issuevalidatedbankdepositslipsinthenameofmerchanttothedepositor-buyer;(b)remittheamounttothemerchant3.
 
Cash–whetherondeliveryorintheofficeofmerchant(pick-up):merchanttoissueinvoice/ORtobuyerFreightForwardersIssueORfortheservicefeepaidbythemerchant
 
OnlineWebsiteadministrators(ifthirdparty)IssueORfortheservicefeepaidbythemerchantPartiestoTransactionB.ONLINEINTERMEDIARYSERVICE(WithIntermediary–CommissionBasis)Merchant/Retailer(a)
 
IssueInvoice/ORtointermediaryfortheamountofsaletointermediary;(b)payintermediary’scommissionof30-40%(accordingtoindustryinsider)netof10%EWTonthecommissionIntermediary-Seller1.
 
Ifpaymentreceivedthrucreditcardcompanies:(a)IssueelectronicallyormanuallytheBIRregisteredInvoice/ORtothebuyerforthepurchaseamountcharged(b)issueacknowledgementreceipttothecreditcardcompanyfortheamountreceived;(c)paythecommissionofcreditcardcompanynetof10%EWT2.
 
Ifpaymentreceivedthruthebanks-(a)issueInvoice/ORtothedepositor-buyerforthepaymentofthegoods/services;(b)issueacknowledgementreceipttothebankfortheamountreceived3.
 
Ifbuyer’spaymentiscashondeliveryorintheofficeofmerchant(pick-up):IssueeitherelectronicallyormanuallytheBIRregisteredInvoice/ORforthefullamountofthesaletothebuyerBuyer/CustomerPaythepriceofthegoods/servicethru:1.
 
CreditCard-(a)receivethePaymentConfirmationcreditcardcompany,underthenameoftheintermediary,forthepurchasepricecharged;(b)receiveInvoice/ORfromtheintermediary-sellerupondeliveryofthegoodsorrenderingofservice2.
 
Banks–(a)receivevalidatedcopyofthedepositslipsmadeinthenameoftheintermediary;(b)receiveInvoice/ORfromtheintermediaryupondeliveryofthegoodsorrenderingofservice3.
 
Cashondeliveryorintheofficeofintermediary(pick-up):ReceiveeithertheelectronicormanualregisteredInvoice/ORforthefullamountofpaymentmadetointermediaryPaymentGateways1.
 
CreditCards:(a)IssuePaymentConfirmation,inthenameoftheintermediary-seller,forthepricechargedtobuyer;(b)Remittointermediary-sellerthepriceamountlessEWTof½of1%;(c)receive
 
agreedcommissionfromintermediary-seller,netof10%EWT2.
 
Banks(overthecounter):(a)Issuevalidatedbankdepositslipsinthenameofintermediarytothedepositor-buyer;(b)remittheamounttotheintermediary3.
 
Cash–whetherondeliveryorintheofficeofintermediary(pick-up):intermediarytoissueinvoice/ORtobuyerFreightForwardersIssueORfortheservicefeepaidbytheintermediary-sellerOnlineWebsiteadministrators(ifthirdparty)IssueORfortheservicefeepaidbytheintermediary-sellerPartiestoTransactionC.ONLINE–ADVERTISEMENT(TransactionalFee)Merchant/RetailerA.
 
AsOnlineAdvertiser:(a)
 
Paytheonlineadvertisingentityfortheadvertisingfee,netof2%EWT;(b)receivefromsaidentitytheBIRregisteredelectroniccopyororiginalcopyofmanuallyissuedORfortheamountofadvertisingfeepaid;(c)remittoBIRtheEWTfromtheadvertisingentity
B.
 
AsMerchant/Retailer:1.
 
Ifpaymentreceivedthrucreditcardcompany:(a)IssueelectronicallytheBIRregisteredInvoice/ORforthefullamountofthesaletothebuyer;(b)issueacknowledgementreceipttothecreditcardcompanyfortheamountreceived;(c)paythecommissionofcreditcardcompanynetof10%EWT2.
 
Ifpaymentreceivedthruthebanks:(a)issueacknowledgementreceipttothebankfortheamountreceived;(b)issueInvoice/ORtothebuyerforthepaymentofthegoods/services3.
 
Ifbuyer’spaymentiscashondeliveryorintheofficeofmerchant(pick-up):IssueeitherelectronicallyormanuallytheBIRregisteredInvoice/ORforthefullamountofthesaletothebuyerAdvertisingEntity(a)
 
IssueORtoadvertiser/merchantforthefullamountofadvertisingfee(amountreceivedisnetof2%EWT);(b)receivefromadvertiser/merchantatprescribedtimeaCertificateofCreditableTaxWithheldatSource(Form2307)fortheamountoftaxwithheld
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