WITH respect to the capacity of invoices and receipts, anamnesis that the Bureau of Internal Acquirement (BIR) issued Acquirement Memorandum Adjustment (RMO) 12-2013 on May 2, 2013, which laid bottomward the appropriate admonition to be adumbrated on the invoices and receipts. This RMO, however, especially afar the taxpayers that use receipts/invoices issued through cash-register machines/point-of-sales (CRM/POS) machines and computerized accounting system. Such RMO says that CRM/POS machines are adapted in abstracted acquirement issuances.
On July 21, 2014, the BIR this time issued RMO 27-2014, prescribing the behavior and procedures in the accreditation of CRM, POS and added sales machines. In this RMO, the abstracts appropriate to be reflected on the band cancellation or balance accommodate (1) business name; (2) registered taxpayer’s name with BIR; (3) taxpayers identification cardinal (TIN); (4) abode area the apparatus will be used; (5) receipt/invoice number; (6) apparatus archetypal accreditation number; (7) date of transaction; (8) quantity; (9) artefact description; (10) bulk of transaction; and (11) the byword “This serves as an official receipt.”
On the aloft abstracts and admonition appropriate to be printed on the receipts and invoices, abounding value- added tax (VAT) registered taxpayers accept noticed that there appears no name, abode and TIN of the client listed therein. As a result, these taxpayers are in limbo area they will announce such admonition in acquiescence with the VAT invoicing and accounting requirements.
As we all know, such admonition is basic to a VAT-registered being insofar as their ysis of ascribe taxes is concerned. Absence of those will aftereffect to abnegation of the accompanying ascribe tax.
In adjustment to abode the aloft acute apropos of abounding taxpayers, the BIR afresh issued Acquirement Regulations (RR) 10-2015, anachronous September 21, 2015. In this RR, in accession to the charge to use non-thermal paper, it provides admonition that shall now arise on the receipts/invoices generated from CRM/POS/other agnate machines.
The admonition that shall now be adumbrated on the receipts for sales of casework or invoices for sales of appurtenances generated from CRM/POS/other agnate machines includes (1) taxpayer’s registered name; (2) TP’s business name/style; (3) a account that the aborigine is VAT- or non-VAT-registered, followed by the TIN and 4-digit annex code; (4) apparatus identification number; (5) abundant business abode area such receipts/invoices shall be used; (6) date of transaction; (7) consecutive cardinal of the receipts/invoices printed prominently; (8) a amplitude provided for the name, abode and TIN of the buyer; (9) description of the items/goods or attributes of service; (10) quantity; (11) assemblage cost; (12) absolute cost; (13) VAT amount; (14) breakdown of VATable sales, VAT amount, aught rated sales, and VAT- absolved sales if affianced in alloyed transactions; (15) The byword “This certificate is not accurate for affirmation of ascribe tax” in adventurous belletrist shall be clearly printed at the basal of the non-VAT receipts/invoices; (16) the chat “exempt” shall be adumbrated acutely at the face of the non-VAT arch receipts/invoices whose affairs are not accountable to VAT or allotment tax; and (17) the breakdown of sales accountable to allotment tax and absolved sales on the non-VAT arch receipts/invoices if the aborigine is accountable to allotment tax beneath Title V of the NIRC, but additionally sells goods/services beneath Section 109 (A) to (W), excluding (E) of the aforementioned Code.
Similar to RMO 12-2013 about to manually issued receipts, this RR additionally requires at the basal allocation of the CRM/POS receipts/invoices the (1) name, abode and TIN of the accepted supplier of CRM/POS/other agnate machines; (2) accreditation cardinal and the date of accreditation of the accepted supplier; (3) BIR final admittance to use number; and (4) The byword “This invoice/receipt shall be accurate for bristles years from the date of the admittance to use.”
Moreover, a amplitude shall be provided for (1) chief citizen/PWD TIN; (2) OSCA ID/PWD ID; (3) Chief aborigine discount/PWD abatement (show abundant breakdown of 20- percent abatement and/or 12-percent VAT exempt); and (4) signature of the chief citizen/PWD.
For those taxpayers, however, whose affairs are not covered by Expanded Chief Citizens Act of 2010, the aloft admonition may no best be indicated.
In sum, as can be gleaned from the above-listed information, it is bright clear that a amplitude for the name, abode and TIN of the client in the receipts/invoices of CRM/POS is now required, which answers the abiding catechism of abounding VAT-registered taxpayers. And the botch abashing of abounding taxpayers—whether the admonition appropriate beneath manually issued receipts is additionally applicative for CRM/POS receipts and invoices—is now settled, because the admonition appropriate beneath the manually issued receipts beneath RMO 12-2013 was essentially adopted alsounder this RR.
Ergo, with this contempo arising of the BIR, the adventure of abashing apropos the agreeable of the CRM/POS invoices and receipts is now assuredly settled.
The columnist is a inferior accessory of Du-Baladad and Associates Law Offices (BDB Law), a member-firm of World Tax Casework (WTS) Alliance.
The commodity is for accepted admonition alone and is not intended, nor should be construed as a acting for tax, acknowledged or banking admonition on any specific matter. Applicability of this commodity to any absolute or accurate tax or acknowledged affair should be accurate accordingly by a able abstraction or advice. If you accept any comments or questions apropos the article, you may e-mail the columnist at [email protected] or alarm 403-2001, bounded 350.
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