BIR extends use of official receipts until fully consumed

Louise Maureen Simeon - The Philippine Star
BIR extends use of official receipts until fully consumed
Bureau of Internal Revenue
The STAR / Krizjohn Rosales, File photo

MANILA, Philippines — The Bureau of Internal Revenue (BIR) is allowing businesses to use their remaining official receipts until fully consumed as part of the Ease of Paying Taxes (EOPT) Act.

In a statement, BIR Commissioner Romeo Lumagui said the agency is authorizing the use of remaining official receipts until they are fully consumed instead of only until end-December.

Under the EOPT Law, taxpayers will have to shift to valid invoice instead of manual official receipts.

Invoice is a written account evidencing the sale of goods and services issued to customers in the ordinary course of trade or business.

Also referred to as principal invoice, it includes sales, commercial, cash, charge or credit, service and miscellaneous invoice.

“All remaining official receipts can be used, until fully consumed. Inventory reports and notices can be submitted through email,” Lumagui said.

“We are committed to making the transition to EOPT as convenient to taxpayers as possible,” he said.

After the passage of EOPT in January, the BIR has been moving to harmonize different regulations, systems and processes under its mandate. 

The EOPT Law aims to encourage the public to enter into and comply with the tax system by streamlining processes and minimizing the burden on taxpayers, thereby increasing the country’s revenue collection.

vuukle comment


  • Latest
  • Trending
Are you sure you want to log out?

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

or sign in with