Tax notes: Further extension of validity of unused, unissued official receipts-A A +A
Monday, August 19, 2013
WITH the issuance of Revenue Memorandum Circular (RMC) No. 52-2013, the Bureau of Internal Revenue (BIR) has further extended the validity of unused/unissued principal and supplementary official receipts and invoices, as follows:
1) Principal and Supplementary Receipts/Invoices with Authority to Print (ATP) dated prior to Jan. 1, 2011: These will not be extended and shall be valid until Aug. 30, 2013.
2) Principal and Supplementary Receipts/Invoices with ATP dated Jan. 1, 2011 to Jan. 17, 2013: These shall be valid until Oct. 31, 2013 provided the new ATP was issued on or before Aug. 30, 2013. If the application for new ATP was filed after April 30, 2013, it shall be deemed to have been filed out of time and subject to P1,000 penalty.
In case of principal and supplementary receipts/invoice which can be used until Oct.
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).
To ensure compliance with the new ATP/invoicing requirement, the BIR will conduct tax compliance verification drive by matching the taxpayer’s database against the ATPs issued as of Jan. 18, 2013. Moreover, a certified true copy of the ATP shall be included as attachment in any application for tax clearance. Hence, the non-submission of ATP shall be a ground for non-issuance of tax clearance.
(Source: Punongbayan & Araullo)
Published in the Sun.Star Cebu newspaper on August 20, 2013.