Last Updated on April 13, 2017 by Marie Bautista
|A photo by ddpavumba via freedigitalphotos.net|
Update: BIR issued Revenue Memorandum Circular No. 44-2013 extending the validity of all unused/unissued principal and supplementary receipts/invoices printed prior to January 18, 2013, the effectivity date of RR 18-2012, from June 30, 2013 to August 30, 2013.
After August 30, 2013, all principal and supplementary receipts and invoices printed before January 18, 2013 shall no longer be valid. Issuance of these receipts shall be deemed to be an issuance of an invalid receipt or deemed as if no receipts were issued, and a violation of Section 264 of the National Internal Revenue Code.
Late last year, the Bureau of Internal Revenue
(BIR), the Philippines’ tax collection agency issued Revenue Regulations No
18-2012 prescribing the policies and guidelines in the processing of Authority
to Print official receipts, sales invoices and other commercial invoices using
the online ATP systems.
persons engaged in business, corporation and entities engaged in business are
required to surrender their unused official receipts and other commercial
invoices and issue new ones printed by printers accredited by the BIR.
invoices printed prior to the effectivity of Revenue Regulations No. 18-2012
shall be valid only until June 30, 2013.
If a businessman had 100 booklets of sales invoices printed in November
2012, he is left with no choice but to surrender all unused invoices for
destruction and have new ones printed.
taxpayer shall apply for a new ATP (Authority To Print) not later that sixty
(60) days (April 30, 2013) prior to the actual expiry date which is June 30,
2013. The BIR Commisioner said that all
applications filed beyond April 30 shall be penalized the amount of P1,000.00
pursuant to Section 275 of the Tax Code.
require the printing of new ones by printers accredited by the BIR to closely
monitor the issuance of said receipts.
Some businesses have been issuing unregistered invoices to under-declare
their gross earnings. This practice has been causing the government to fail to
collect the correct amount of income, value-added and percentage taxes.
invoices/receipts as principal and supplementary. Principal forms are composed of sales invoice
and official receipts while order slips, delivery receipts and other related
forms are considered supplementary.
Sales invoices are issued for the sale of goods and/or properties. Official receipts are issued for the sale of
services/leasing of properties.