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Author Topic: BIR extends validity of old receipts to August 30, 2013  (Read 4098 times)

Offline DeluxeSouthBicol

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BIR extends validity of old receipts to August 30, 2013
« on: June 13, 2013, 02:54:00 pm »
BIR extends validity of old receipts  to August 30, 2013
Published on Malaya.com.ph, Thursday, 13 June 2013
http://www.malaya.com.ph/index.php/business/business-news/33480-bir-extends-validity-of-old-receipts
 
The Bureau of Internal Revenue extended the validity of old receipts to August 30, from the original deadline of June 30, amid rising complaints on the regulations on new receipts. BIR Commissioner Kim Henares signed Revenue Memorandum Circular (RMC) No. 44-2013, which extends the validity of all unused or unissued principal and supplementary receipts or invoices printed prior to January 18, 2013, to August 30 of this year. After the said date, all businesses must use the new receipts printed by the revenue-generating agency’s accredited printers. Henares said that the move to extend the deadline for the use of old receipts is in response to complaints that the time period allowed to avail of the new receipts has been too short. “Since there have been a lot of requests, and it will be physically impossible for accredited printers to accommodate everyone prior to the original June 30 deadline, we decided to extend it,” Henares said.

However, the RMC reiterated that the deadline for filing an application for the printing of new receipts shall be maintained as of April 30, 2013. All applications received after said date shall be considered late application and the penalties for late filing shall be imposed.  The BIR said that taxpayers who apply for authority to print receipts beyond April 30, 2013 shall pay a penalty of P1,000. Those who fail to use the new sets of receipts starting August 31, 2013 will pay the maximum penalty of P50,000. “After August 30, 2013, all principal and supplementary receipts/invoices printed prior to January 18, 2013 shall no longer be valid. Issuance of said receipts/invoices 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”.

In response to those who said that the BIR did not immediately inform the public on its move to phase out old receipts the BIR chief said, “We are only required to publish the regulations on the issuance of new receipts through newspapers, which we already did on January 3, 2013, and we posted it also on our website.” The RR No. 18-2012 also provides among others that taxpayers must apply for the printing of their new receipts at least 60 days before the original expiry date of June 30, 2013 for old receipts. It was followed by Revenue Memorandum Order No. 12-2013 on May 2, 2013 to provide for penalties, since Henares said that very few taxpayers were complying with the said regulations.

The BIR said that the move to require the use of new receipts hopes to address several issues:
1. To stop “businesses registered with the BIR, but are not really engaged in business, except to sell invoices. These businesses sell their invoices to entities who are either engaged in smuggling and/or purchasing of goods without receipts. When BIR looked for these companies, mostly Small and Medium Enterprises, they cannot be found”.
2. To stop the use of “a lot of invoices that were printed in the ‘70s (but) are still being used.”
3. Finally, the issuances are aimed at reforming the process of accrediting printers, to address complaints against some BIR personnel engaged in the printing business who make it difficult for taxpayers to register or secure authority to print unless they get to print the receipts of said taxpayers.

Related Articles:
Expiration of invoices/receipts
http://www.punongbayan-araullo.com/pnawebsite/pnahome.nsf/section_docs/PT277B_10-1-13
Regulations in the Processing of Authority to Print (ATP) Official Receipts,
http://www.punongbayan-araullo.com/pnawebsite/pnahome.nsf/section_docs/1A2CA48C2C02D17348257AEF0029F0BC/$file/RR%2018-2012.pdf

Offline DeluxeSouthBicol

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Re: BIR extends validity of old receipts to August 30, 2013
« Reply #1 on: June 15, 2013, 11:53:22 am »
The NEW receipts/invoices, definition of terms

REVENUE REGULATIONS NO. 18-2012 (October 22, 2012)

SECTION 2.DEFINITION OF TERMS

2. PRINCIPAL RECEIPTS / INVOICES - for purposes of this regulations, it is a written account evidencing the sale of goods and/or services issued to customers in an ordinary course of business which necessary includes the following:
•   2.1 VAT SALES INVOICE
•   2.2 VAT OFFICIAL RECEIPT
•   2.3 NON-VAT SALES INVOICES
•   2.4 NON-VAT OFFICIAL RECEIPTS

3. SUPPLEMENTARY RECEIPTS / INVOICES - for purposes of these Regulations, these are also known as COMMERCIAL INVOICES. It is a written account evidencing that a transaction has been made between the seller and the buyer of goods and/or services, forming part of the books of accounts of a business taxpayer for recording, monitoring and control purposes. It is a document evidencing delivery, agreement to sell or transfer of goods and services which includes but are not limited to:
•   delivery receipts,
•   order slips,
•   debit and/or credit memo,
•   purchase order,
•   job order,
•   provisional/temporary receipt,
•   acknowledgement receipt,
•   collection receipt,
•   cash receipt,
•   bill of lading,
•   billing statement,
•   statement of account,
•   and any other documents, by whatever name it is known or called, whether prepared manually (handwritten information) or pre-printed/pre-numbered loose-leaf (information typed using excel program or typewriter) or computerized as long as it is used in the ordinary course of business being issued to customers or otherwise.

Supplementary receipts/invoices, for purposes of Value-Added Tax, are not valid proof to support the claim of Input Taxes by buyers of goods and/or services.

Samples of Principal and Supplementary Receipts/Invoices
http://gvacpas.com/2013/05/09/guide-to-birs-new-invoicing-requirements-effective-june-30-2013/

Offline DeluxeSouthBicol

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Re: BIR extends validity of old receipts to August 30, 2013
« Reply #2 on: August 16, 2013, 08:31:11 am »
Date: August 13, 2013
REVENUE MEMORANDUM CIRCULAR NO. 52-2013

SUBJECT : Clarifying the Validity of Unused/Unissued Principal and Supplementary Receipts/Invoices Printed Prior to January 18, 2013 and other matters

TO : All Internal Revenue Officers and Others Concerned

This Circular is issued to clarify the validity of Unused/Unissued Principal and Supplementary Receipts/Invoices Printed Prior to January 18, 2013 and other Matters.

CLARIFICATION

I. Receipts with Authority to Print prior to January 1, 2011

All Principal and Supplementary Receipts/Invoices with Authority to Print (ATP) dated prior to January 1, 2011 shall no longer be valid as of August 31, 2013 pursuant to Revenue Regulations (RR) No. 018-121 and Revenue Memorandum Circular No. 44-2013.

Issuance of said receipts/invoices starting August 31, 2013 constitutes a violation of Section 264 of the Tax Code of 1997 (Tax Code), as amended, and is considered as if no receipt/invoice was issued. Consequently, no deduction from gross income shall be allowed using these receipts/invoices as these are not valid proof of substantiation. Furthermore, in case of VAT-registered persons, no input tax may be claimed using these receipts/invoices.

II. Receipts with Authority to Print dated to January 1, 2011 to January 17, 2013

All Principal and Supplementary Receipts/Invoices with ATP dated January 1, 2011 to January 17, 2013 may be used until October 31, 2013 provided that new ATP was issued on or before August 30, 2013. However, application for new ATP filed after April 30, 2013 is deemed to have been filed out of time and subject to a penalty of One Thousand pesos (Php1000) pursuant to Section 264 of the Tax Code, as amended.

In all principal and supplementary receipts/invoice which can still be used until October 31, 2013, the term “valid until October 31, 2013 only” shall be stamped prominently on the face of the receipts or invoices (original and duplicate copies). Otherwise, no deduction and input tax may be claimed using these receipts/invoices.

REVENUE MEMORANDUM CIRCULAR NO. 52-2013
http://cpaccountant.files.wordpress.com/2013/08/rmc-no-52-2013.pdf