BIR extends deadline for new official receipts-A A +A
Sunday, November 3, 2013
LOCAL businessmen in Zamboanga City can only use old official receipts (ORs) until November 10, the Bureau of Internal Revenue (BIR) announced.
BIR district officer Cresencio Agad said the deadline was supposed to be last October 31 but was extended to give sufficient time to the local businessmen whose businesses have been affected due to the standoff last month.
Business establishments in the city’s commercial district, particularly in the downtown area, remained close for weeks due to the standoff brought about by the infiltration of hundreds of Moro National Liberation Front (MNLF) rebels last September 9.
“The November 10 deadline is only for Zamboanga City,” Agad stressed.
He said they will conduct a tax mapping to assure compliance in the business community.
Businessmen caught using old ORs in business transactions will face a P50,000 penalty.
Agad said the new OR includes new data like the expiration date; discounts for senior citizens and Persons with Disabilities (PWDs); value added tax; and the printer’s name.
The issuance of ORs serves as the basis for BIR to determine how much tax will be levied to a particular businessman. (Bong Garcia)