|BIR extended the validity of unused receipts|
|Written by Bicol Pulse|
|Monday, 15 July 2013 16:00|
Through the issuance of Revenue Memorandum Circular (RMC) No.44-2013, the Bureau of Internal Revenue announced that the validity of unused or unissued principal and supplementary receipts or invoices printed before January 18, 2013 has been extended until August 30, 2013.
Commissioner Kim S. Jacinto-Henares stated that “After August 30, 2013, the issuance of said receipts/invoices shall be deemed to be an issuance of an invalid receipt or deemed as if no receipts were issued, which is a violation of Section 264 of the Tax Code. Transactions using invalid receipts are also deemed not properly substantiated and may not be allowed as a deduction by taxpayers.”
Subsequently, all unused or unissued principal and principal receipts or invoices printed before January 18, 2013 must be surrendered to the office of the BIR where the taxpayer is registered on or before the 10th day after the date of printing of the new receipts or invoices.
Prior to the extension, the date of validity of receipts or invoices has been set on June 30, 2013 per Revenue Regulations (RR) No. 18-2012. However, the issuance of RMC No. 44-2013 did not extend the April 30, 2013 deadline for the filing of application for Authority to Print (ATP) new receipts or invoices. Therefore, all applications for ATP received by the BIR after the imposed deadline shall be considered as late applications and result in a penalty of P1, 000.
On the other hand, to further regulate the printing of receipts or invoices, all printers of receipts or invoices are required to undergo accreditation with the Bureau per R.R. No. 15-2012. The BIR also set a validity period for BIR-issued ATP which is upon full usage of the inclusive serial numbers of principal and supplementary receipts or invoices or five years from the issuance of the same, whichever comes first.
Nelson M. Aspe, DCIR of the Operations Group, stated that “Owners of business establishments are reminded that only the BIR-accredited printers have the supplementary receipts or invoices. For this purpose, a list of authorized printers of principal and supplementary receipts or invoices is currently posted at the BIR website (www.bir.gov.ph) for reference by the public.”