Wednesday, July 17, 2024

BIR Allows Use Of Remaining Official Receipts Until Fully Consumed

5682

BIR Allows Use Of Remaining Official Receipts Until Fully Consumed

5682

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr. has ordered the bureau to allow the use of the remaining official receipts until they are fully consumed, instead of only until Dec. 31, 2024.

In a statement on Thursday, the BIR said the pronouncement is included in Revenue Regulation (RR) 11-2024 issued on June 13.

During the Bagong Pilipinas Ngayon briefing on Thursday, Lumagui noted that under RR 11-2024, taxpayers may convert and use their remaining Official Receipts as invoices and convert the Billing Statement/ Statement of Account/ Statement of Charges into Billing Invoice until they are fully consumed.

He said the Revenue Regulation was issued to make the transition to the system under the Ease of Paying Taxes Act (EOPT) more accommodating to taxpayers.

“All remaining Official Receipts can be used, until fully consumed. Inventory reports and notices can be submitted through email. The BIR is committed to making the transition to EOPT as convenient to taxpayers as possible. Comments and suggestions on the different services provided by the BIR and its implementation of the EOPT are welcome,” Lumagui said.

After the passing of the EOPT into law, the BIR said it is doubling efforts to harmonize the different regulations, systems, and processes under its mandate, with the EOPT.

The BIR has also conducted EOPT roadshows in Metro Manila, Cebu, Davao, Koronadal, and Pangasinan.

Lumagui said the BIR would continue to hold EOPT roadshows in the coming weeks as part of the taxpayer education program. (PNA)