We would like to inform you that on 8 October 2024, Maersk A/S will commence issuance of invoices and credit notes under its new Computerized Accounting System (CAS) permit in compliance with Republic Act No. 11976: Ease of Paying Taxes Act (EOPTA) and respective implementing revenue regulations about EOPTA.
This will result in a change in the format of our invoices and credit notes. Customers receiving invoices or credit notes via EDI or E-Mail may notice a change in some of the descriptions. Please review the changes listed below and make sure to communicate this information to your Information Technology team (IT), Integration team, or third-party vendor to ensure they are aware of these changes:
| Invoice Category | New Invoice / Credit Note Title |
|---|---|
|
Invoice Category
Invoice with charges subject to VAT as follows:
|
New Invoice / Credit Note Title
VAT Invoice
|
|
Invoice Category
Credit Note with charges subject to VAT as follows:
|
New Invoice / Credit Note Title
Credit Memo
|
|
Invoice Category
Invoice with Non-taxable charges (outside of the scope of Philippines VAT)
|
New Invoice / Credit Note Title
Statement of Account
|
|
Invoice Category
Credit Note with Non-taxable charges (outside of the scope of Philippines VAT)
|
New Invoice / Credit Note Title
Credit Statement of Account
|
Please note that due to the removal of the Official Receipt (OR) as the official document for VAT purposes under the EOPTA changes, the system issuance of a payment receipt is no longer required and hence will not be issued by Maersk A/S. If you require confirmation of payment made, please contact your local customer service or finance representative.
In continuation of VAT treatment that was adopted from 1 January 2024 when Maersk A/S was registered for VAT in the Philippines, VAT 12% would apply on the following charges on invoices to the customer in the Philippines:
- Detention and Demurrage occurring in the Philippines
- Inland haulage (trucking) services performed in the Philippines
- Customs clearance services performed in the Philippines
- Captain Peter or Emissions Dashboard services
- Cancellation or No-Show fees
For our customers that are duly approved Registered Export Enterprises (REEs), zero-rating would apply to the above services.
Ocean freight and related services on export shipments from the Philippines would remain as VAT Exempt, and on import shipments to the Philippines would remain as non-taxable.
If you have any questions concerning the above, please contact your regular contact person. In addition, we would like to encourage you to be proactive in preparing for the transition.
Please note that the dates mentioned in this advisory are related to the upcoming system Go-Live. Our teams are dedicated to making this transition as smooth as possible for the parties involved. We will keep you informed about any updates or changes related to the upgrade.
We appreciate your patience and understanding as we work to improve our financial system to better serve you.
This information is relevant for customers in the Philippines
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