Taxpayer to Convert and Use the Remaining Official Receipts as Invoice Valid until December 31, 2024 - BIR RR No. 7-2024

As of part of the "Ease of Paying Taxes Act" the bureau taxpayer will convert and use the remaining Official Receipts as Invoice under SECTION 8 (2) (2.2). Transitory Provisions of Revenue Regulations (RR) No. 7-2024 to read as follows: 

2. Unused Official Receipts -

2.1 xxxxxxxx

2.2 Taxpayer to convert and use the remaining Official Receipts as Invoice. - For ease of doing business, taxpayers shall be allowed to strikethrough the word "Official Receipt" on the face of the manual and loose leaf printed receipt and stamp "Invoice", "Cash Invoice", "Credit Invoice", "Billing Invoice", "Service Invoice". or any name describing the transaction, and to be issued as primary invoice to its buyer/purchases until December 31, 2024. These documents shall be valid for claim of input tax by the buyer/purchases for the period issued from January 22 to December 31, 2024., provided that the invoice to be issued bears the stamped "Invoice" and contains information required under Section 6(B) of these Regulations. The converted Invoice as defied Section 2 hereof can serve as proof of sales transaction and proof of payment at the same time. Any Official Receipts, whether stamped with "Invoice" or unstamped, issued after December 31, 2024, will be considered supplementary documents as provided in Section 8(2.1) of hereof and ineligible for input tax claims.

The stamping of official receipts as invoices by taxpayers does not require approval from any Revenue District Offices/LT Offices/LT Divisions but must comply with Section 8(2.3) hereof. Taxpayers should obtain newly hired printed invoices with an Authority to Print (ATP) before the fully using or consuming the converted Official Receipts or before December 31, 2024, whichever comes first.

Please refer https://www.bir.gov.ph/images/bir_files/internal_communications_1/Full%20Text%20RR%202024/RR%20No.7-%202024.pdf of the full text of RR No. 7-2024.