Tuesday, October 09, 2007 ATP not required for pawn tickets
A PAWN ticket cannot be considered a commercial invoice or receipt although these are printed in booklet form and serially numbered. Therefore, printing of pawn tickets shall not be subject to the requirement to secure an Authority to Print pursuant to Section 238 of the Tax Code of 1997. (BIR Ruling DA-210-2007, April 4, 2007)
A pawn ticket is merely evidence that an individual has given personal property to the pawnshop as security for the loan granted.
This is surrendered by the pawner when he pays his obligation and secures the return of the pawned item.
Pawnbrokers issue official receipts to acknowledge the receipt of the principal borrowed and the interest, which represents the income of the pawnshop from its lending activity. (Source: Punongbayan & Araullo)
