The bureau has issued Revenue Regulations (RR) No. 11-2024 amending the Transitory Provisions of RR No. 7-2024 Relative to the Deadline for Compliance with Invoicing Requirements.
It stated in Section 8 (2.2) of these regulations that the Taxpayer may convert and use the remaining Official Receipts as Invoice and convert the Billing Statement/Statement of Account/Statement of Charges into Billing Invoice with details as follows:
2.2 Taxpayer may convert and use the remaining Official Receipts as Invoice and convert the Billing Statement/Statement of Account/Statement of Charges into Billing Invoice. - For ease of doing business, taxpayers shall allowed to strikethrough the word "Official Receipt" [e.q. Official Receipt] or "Billing Statement/Statement of Account/Statement of Charges into Billing Invoice" [e. g. Billing Statement] on the face of the manual and loose leaf printed receipt and stamp "Invoice", Cash Invoice", "Charge Invoice", "Credit Invoice", "Service Invoice", or any name describing the transaction, and to be issued as primary invoice to its buyer/purchaser until fully consumed. Provided, that the converted "Official Receipt", or "Billing Statement/Statement of Account/Statement of Charges" shall contain the required information provided under Section 6(B) of RR No. 7-2024, including the the quantity, unit cost and description or nature of service pursuant to Sec. 237 of the Tax Code. Such information and other required information mal also be stamped if not originally indicated in the old Official Receipt/Billing Statement/Statement of Account/Statement of Charges to comply with these requirements.
The above documents shall considered valid for claiming of input tax by the buyer/purchaser and can serve as proof of both sales transaction and payment at the same time for the period issued from April 27, 2024 until the are fully consumed, provided that the converted Invoice/Billing Invoice to be issued bears the stamped "Invoice/Billing Invoice" and there is no missing information as enumerated under Section 3(d)(3) of RR No. 7-2024.
Effective April 27, 2024, any manual/loose leaf "Official Receipts" issued without a stamped "Invoice" will be considered supplementary documents as provided in Section 8(2.1) of these Regulations, and intelligible for input tax claims.
The stamping of Official Receipt as Invoice or Billing Statement/Statement of Account/Statement of Charges as Billing Invoice by taxpayer does not require approval from any Revenue District Offices/LT Offices/LT Division but must comply with Section 8(2.3) hereof. Taxpayer should obtain newly printed invoices with an Authority to Print (ATP) before fully using or consuming the converted Official Receipts/Billing Statement/Statement of Account/Statement of Charges.
Please consider the link: https://www.bir.gov.ph/images/bir_files/internal_communications_1/Full%20Text%20RR%202024/RR%20No.%2011-2024.pdf of the full text of RR No. 11-2024.
