THE Bureau of Internal Revenue (BIR) said it will allow businesses to issue temporary receipts or invoices during the lockdown period. In Revenue Memorandum Circular No. 47-2020 issued May 6 and ...

Under the Tax Reform for Acceleration and Inclusion Law, the BIR is required to identify taxpayers that have to issue e-invoices and e-receipts, within five years from the law’s enactment.

MANILA, Philippines - The Bureau of Internal Revenue (BIR) has extended the deadline for private businesses to issue new receipts and invoices. In a text message to The STAR, BIR Commissioner Kim ...

Due to the clamor of some taxpayers, the Bureau of Internal Revenue (BIR) extended the validity of receipts and invoices, doing away with the five-year validity period. Based on Revenue Regulations No ...

Ghost receipts will come back to haunt businesses that use them to evade taxes, Bureau of Internal Revenue (BIR) Commissioner ...

Under existing rules, all business taxpayers must issue receipts and invoices printed with BIR authority to print, permit to use, or acknowledgment certificate. Dulay also reminded taxpayers who ...

STARTING July 1, the “Notice to Issue Receipt/Invoice (NIRI)” is replacing the ... Per Revenue Memorandum Order (RMO) No. 43-2022 issued by the BIR on September 29, 2022, the use of ...

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 ...

The BIR defines “ghost receipts” as “fictitious receipts/invoices where transactions did not take place.” “Its main purpose is to reduce the income tax and VAT [value-added tax ...

Commissioner Romeo Lumagui Jr. ordered the BIR to allow the use of the remaining Official Receipts until they are fully consumed, instead of only until December 31, 2024. Further, the submission ...

Lumagui added. The BIR chief appraised that these CBL taxpayers who utilized these falsified receipts have outstanding tax liabilities amounting to approximately Php45 billion. He added ...