Monday, August 27, 2018

Use of Invoices / Receipts Registered from VAT to Non-VAT

Who else wants to know the guidelines of the Use of Invoices / Receipts Registered from VAT to Non-VAT?

Revenue Regulations (RR) No. 13-2018 was issued by the bureau amending RR No. 13-2018 Particularly on the Use of Invoices / Receipts of Previously Registered VAT Taxpayers who are now Non-VAT Taxpayers Pursuant to Section 84 of Republic Act (RA) No. 10963, or the "Tax Reform for Acceleration and Inclusion (TRAIN) Law".

It is stated in these regulations to read as follows:

SECTION 2. AMENDED. - Section 13 of RR No. 13-2018 is hereby amended providing deadline on the use of stamped Non-VAT invoices/receipts to read as follows:

"SECTION 13. TRANSITORY PROVISIONS. - 

XXX           XXX          XXX

A number of unused invoices/receipts, as determined by the taxpayer with the approval of the appropriate BIR Office, may be allowed for use, provided the phrase "Non-VAT registered as of (dated of final application for updated of registration). Not valid for claim of input tax." shall be stamped on the face of each and every copy thereof, until new registered non-VAT invoices or receipts have been printed and received by the taxpayer or until August 31, 2018, whichever comes first. Upon receipt of newly-printed registered non-VAT invoices or receipts, the taxpayer shall submit, on the same day, a new inventory list of, and surrender for cancellation, all unused previously-stamp invoices/receipts.

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