LOAM Consultancy Corporation

23/04/2026

Let us greet One of the Pillars of TaxLife Live! Michael Garcia Jr. a Happy Birthday! May God grant a long life and what your heart desires. More power Sir MRG!

23/04/2026

𝗕𝗜𝗥 𝗔𝘂𝗱𝗶𝘁: 𝘐𝘯𝘷𝘰𝘪𝘤𝘦𝘴 𝘔𝘢𝘵𝘵𝘦𝘳 𝘔𝘰𝘳𝘦 𝘛𝘩𝘢𝘯 𝘠𝘰𝘶 𝘛𝘩𝘪𝘯𝘬!

When it comes to VAT and tax refunds, not all invoices are created equal. Understanding the difference between principal and supplementary invoices can make or break your compliance—and your refund claim.

📌 Principal Invoices (Sales Invoice):
✔️ Proof of sale
✔️ Basis for output VAT
✔️ Required for input VAT claims

📌 Supplementary Invoices (e.g., Delivery/Commercial Invoice):
✔️ Support documents for transactions
❌ NOT valid for VAT computation
❌ NOT acceptable for input VAT claims

⚠️ Refund Rule:
To successfully claim a tax refund, you MUST:
✔️ Fully comply with invoicing requirements
✔️ Maintain proper accounting records
✔️ Submit complete supporting documents

📢 Remember: No proper invoice = No refund. Compliance is not optional—it’s essential.

Stay audit-ready. Stay protected. 💼

𝘋𝘰 𝘺𝘰𝘶 𝘩𝘢𝘷𝘦 𝘢𝘯𝘺 𝘴𝘱𝘦𝘤𝘪𝘧𝘪𝘤 𝘤𝘰𝘯𝘤𝘦𝘳𝘯 𝘸𝘪𝘵𝘩 𝘺𝘰𝘶𝘳 𝘦𝘹𝘪𝘴𝘵𝘪𝘯𝘨 𝘉𝘐𝘙 𝘓𝘖𝘈?
𝘊𝘰𝘯𝘵𝘢𝘤𝘵𝘴 𝘶𝘴 𝘵𝘰 𝘩𝘢𝘷𝘦 𝘧𝘳𝘦𝘦 𝘤𝘰𝘯𝘴𝘶𝘭𝘵𝘢𝘵𝘪𝘰𝘯.
𝘞𝘦 𝘩𝘢𝘷𝘦 𝘥𝘪𝘧𝘧𝘦𝘳𝘦𝘯𝘵 𝘰𝘧𝘧𝘪𝘤𝘦𝘴 𝘯𝘦𝘢𝘳 𝘺𝘰𝘶 𝘧𝘳𝘰𝘮 𝘓𝘶𝘻𝘰𝘯 𝘝𝘪𝘴𝘢𝘺𝘢𝘴 𝘢𝘯𝘥 𝘔𝘪𝘯𝘥𝘢𝘯𝘢𝘰.

31/03/2026

19/03/2026

19/03/2026

𝗝𝘂𝗿𝗶𝘀𝗽𝗿𝘂𝗱𝗲𝗻𝗰𝗲 𝗦𝗽𝗼𝘁𝗹𝗶𝗴𝗵𝘁: 𝘒𝘯𝘰𝘸 𝘠𝘰𝘶𝘳 𝘐𝘯𝘷𝘰𝘪𝘤𝘦𝘴!

Not all invoices are created equal—especially when it comes to VAT compliance. 📊

Understanding the difference between a Principal Invoice and a Supplementary Invoice can make or break your tax reporting.

📌 Key Takeaway:
Only Principal Invoices determine VAT liability.
Supplementary invoices? They’re just supporting documents.

💡 Remember:
Your VAT obligations are based on the proper invoice, not just any commercial document.

Stay compliant. Stay informed. 💼
Follow TaxLife Live for tax and legal updates.

𝘋𝘰 𝘺𝘰𝘶 𝘩𝘢𝘷𝘦 𝘢𝘯𝘺 𝘴𝘱𝘦𝘤𝘪𝘧𝘪𝘤 𝘤𝘰𝘯𝘤𝘦𝘳𝘯 𝘸𝘪𝘵𝘩 𝘺𝘰𝘶𝘳 𝘦𝘹𝘪𝘴𝘵𝘪𝘯𝘨 𝘉𝘐𝘙 𝘓𝘖𝘈?
𝘊𝘰𝘯𝘵𝘢𝘤𝘵𝘴 𝘶𝘴 𝘵𝘰 𝘩𝘢𝘷𝘦 𝘧𝘳𝘦𝘦 𝘤𝘰𝘯𝘴𝘶𝘭𝘵𝘢𝘵𝘪𝘰𝘯.
𝘞𝘦 𝘩𝘢𝘷𝘦 𝘥𝘪𝘧𝘧𝘦𝘳𝘦𝘯𝘵 𝘰𝘧𝘧𝘪𝘤𝘦𝘴 𝘯𝘦𝘢𝘳 𝘺𝘰𝘶 𝘧𝘳𝘰𝘮 𝘓𝘶𝘻𝘰𝘯 𝘝𝘪𝘴𝘢𝘺𝘢𝘴 𝘢𝘯𝘥 𝘔𝘪𝘯𝘥𝘢𝘯𝘢𝘰.

19/03/2026

19/03/2026

19/03/2026

12/03/2026