Philippines

Configuration

Install the 🇵🇭 Philippines fiscal localization package to get all the default accounting features of the Philippine localization, such as a chart of accounts, taxes, and the BIR 2307 report. These provide a base template to get started with using Philippine accounting.

Note

• When creating a new database and selecting the Philippines as a country, the fiscal localization module Philippines - Accounting is automatically installed.

• If the module is installed in an existing company, the chart of accounts and taxes will not be replaced if there are already posted journal entries.

• The BIR 2307 report is installed, but the withholding taxes may need to be manually created.

Chart of accounts and taxes

A minimum configuration default chart of accounts is installed, and the following types of taxes are installed and linked to the relevant account:

• Sales and Purchase VAT 12%

• Sales and Purchase VAT Exempt

• Sales and Purchase VAT Zero-Rated

• Purchase Withholding

For the withholding taxes (Configuration ‣ Taxes), there is an additional Philippines ATC field under the Philippines tab.

Note

Taxes’ ATC codes are used for the BIR 2307 report. If a tax is created manually, its ATC code must be added.

Contacts

When a company or an individual (not belonging to a company) contact is located in the Philippines, fill in the Tax ID field with their Taxpayer Identification Number (TIN).

For individuals not belonging to a company, identify them by using the following additional fields:

• First Name

• Middle Name

• Last Name

Note

For both Company and Individual, the TIN should follow the NNN-NNN-NNN-NNNNN format. The branch code should follow the last digits of the TIN, or else it can be left as 00000.

BIR 2307 report

BIR 2307 report data, also known as Certificate of Creditable Tax Withheld at Source, can be generated for purchase orders and vendor payments with the applicable withholding taxes.

To generate a BIR 2307 report, select one or multiple vendor bills from the list view, and click Action ‣ Download BIR 2307 XLS.

Tip

The same action can be performed on a vendor bill from the form view.

A pop-up appears to review the selection, then click on Generate.

This generates the Form_2307.xls file that lists all the vendor bill lines with the applicable withholding tax.

The process above can also be used for a single vendor payment if it is linked to one or more vendor bills with applied withholding taxes.

Note

• If no withholding tax is applied, then the XLS file will not generate records for those vendor bill lines.

• When grouping payments for multiple bills, Odoo splits the payments based on the contact. From a payment, clicking Action ‣ Download BIR 2307 XLS generates a report that only includes vendor bills related to that contact.

Important

Odoo cannot generate the BIR 2307 PDF report or DAT files directly. The generated Form_2307.xls file can be exported to an external tool to convert it to BIR DAT or PDF format.

SLSP Report

The SLSP report, also known as the Summary List of Sales and Purchases, can be viewed and exported (in XLSX format). The report can be viewed from Reporting ‣ Partner Reports ‣ Summary List of Sales and Purchases.

The report is split into two sections, which can be accessed from their respective buttons at the top:

• Sales for SLS report

  All customer invoices with the associated sales taxes applied are shown in this report.
• Purchases for SLP report

  All vendor bills with the associated purchase taxes applied are shown in this report.

By default, both reports exclude journal entries containing partners without a TIN number set and those with importation taxes set. To view or hide them, the Options: button gives additional filters to include these, among others:

• Including Partners Without TIN

• Including Importations

Important

Odoo cannot generate the DAT files directly. The Export SLSP and XLSX buttons export an XLSX file, which can be processed using an external tool to convert to the DAT format.

2550Q Tax report

The tax report report is accessible by navigating to Reporting ‣ Statement Reports ‣ Tax Report ‣ 2550Q(PH). The form is based on the latest 2550Q (Quarterly Value-Added Tax Return) Jan. 2023 version.

Tip

Most lines in the tax report are automatically computed based on the taxes. For more accurate reporting and filing of the tax report, manual journal entries can also be mapped to the tax report through preconfigured Tax Grids for each tax report line.

Important

Odoo cannot generate the 2550Q BIR formatted PDF report directly. It should be used as a reference when externally filing the form manually or online.