BIR AMENDS THE TRANSITORY PROVISIONS RELATIVE TO THE DEADLINE FOR INVOICING REQUIREMENTS COMPLIANCE

Revenue Regulations (RR) No. 11-2024 issued on June 13, 2024, amends the transitory provisions of RR No. 7-2024 relative to the deadlines for compliance with the invoicing requirements.

Highlights include:

1. Taxpayers are not required to replace its existing BIR Certificate of Registration that displays the Registration Fee.

2. Removal of the December 31, 2024 deadline for the use of Unused Official Receipts converted to Invoice. Thus, taxpayers may use the converted Unused Official Receipts until they are fully consumed.

3. 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 until fully consumed.

4. Extended deadline for submission of inventory report of Unused Official Receipts/Billing Statement/Statement of Account/Statement of Charges converted into Invoice/Billing Invoice on or before July 31, 2024.

5. Extended deadline for enhancement of Cash Register Machine (CRM)/Point-of-Sales (POS) Machines, e-Receipting or Electronic Invoicing Software, Computerized Accounting System (CAS)/Computerized Books of Accounts (CBA) with Accounting Records (AR) until December 31, 2024. Any extension must be approved by the concerned Regional Director or Assistant Commissioner of the Large Taxpayers Service which shall no longer than six (6) months from December 31, 2024.

6. Submission of notice on renaming of Official Receipt by CRM/POS/CAS/CBA with AR shall be within 30 days from completion of reconfiguration/enhancement or on December 31, 2024, whichever comes first.