Free Online Tax Invoice Template

Get Paid Faster & Create Free Tax Invoices Online

As a seller (or vendor) trading taxable goods & services, locally and internationally getting paid on time & managing your taxes goes hand in hand. At FreeInvoiceBuilder, we have specifically contrived templates that match the tax requirements on sales and services of a wide range of countries. Use our tax invoice generator to create and send invoices with perfect tax details, formatting, and impressive design.

Our free online tax generator is a ready-to-use software to conveniently generate tax invoices on mobile and desktop. All invoices and details are automatically saved in your account for easy reference, repeat invoicing, and accounting. So you can save your time processing tax invoices and invest more in servicing, and selling.

Using Our Free Online Tax Invoice Generator

Our free online tax invoice generator is a web-based app with a preset format & contains all the necessary fields and features. Download the digital copy of your personalized PDF tax invoice & send it either electronically (via email) or print your tax invoices.

Making an online tax invoice on freeinvoicebuilder.com is a literal three-step process:

i. After landing on the invoice template, from the drop-down menu at the top-right opt for the type of document you want to create. In this case, select the option “Tax Invoice”.
ii. Add your standard business info in the editable fields.
iii. Itemize the goods & services along with the TAX/VAT/GST rate in the editable fields; totals and subtotals are generated automatically based on the tax rates.

Making VAT Invoicing Easy For You

A tax invoice is very similar to a normal invoice with just the inclusion of VAT (value-added tax) or tax information for the items provided. Dealing with local and international customers, sellers and businesses may need to bill their clients & generate invoices with the applicable taxes (GST, HST, or VAT). Registered sellers/suppliers use tax or VAT invoices to get the input tax credit. Tax invoices also serve as proof of your tax payment to the government.

FreeInvoiceBuilder includes various VAT invoice templates for different countries including UK, Japan, Canada, Pakistan, New Zealand, India, Australia & more; each with their respective VAT or GST requirements. Each country applies different VAT rates on products & services which can also be cross-checked from our invoicing resource page – making instant billing & VAT invoicing a lot easier.

Why Do You Need a Tax Invoice for Your Business

As a freelancer, business, or organization you’ll be sending tax invoices for your local or international transactions. A tax invoice also covers multiple requirements in countries implementing GST/VAT. Using a professional tax invoice template is also beneficial for the buyer & seller on many levels. Such as:

✔ Tax invoices help the buyer, sellers, and tax authorities to acknowledge and process the applicable taxation dues.
✔ Helps in determining supplies, required in the taxable period.
✔ Acts as proof of proper and systematic filing of taxes on time.
✔ The date of the issuance on the tax invoice helps in assessing when the input tax is to be accounted for.
✔ Supports a registered person’s claim for the deduction of input tax incurred on his standard-rated purchases.
✔ Tax invoice serves as the basic evidence required for registered persons to claim their input tax credit.
✔ Tax invoices are submitted to the concerned authorities which helps in enabling financial relief.
✔ Acting as a shred of valid evidence, a tax invoice ensures legal protection to the tax payee.

Tax Invoice vs. Receipt

Financial transactions like taxable sales and local/international purchases are finalized with a tax invoice or a receipt. While a tax invoice, and a receipt, have some similarities with respect to the formatting and details, both an invoice & a receipt differ in the purpose they serve & the situation they are used in.

A tax invoice assists the customer to declare and claim the input tax credits and report them to the government. Tax invoices differ according to each country’s GST & VAT implementation, hence the GSTIN registered sellers issue HST, GST, or VAT invoices, compliant with the particular tax regulations of the respective country.

A receipt is a written document generated by the seller or supplier. It serves as a valid resource to acknowledge the payment made to finalize the sale and proffer the latter promised customer support.