A joint appeal was released on Monday, appealing for BIR Commissioner Kim Henares to extend the validity of the implementation of Section 5 of the Revenue Regulation No. 18-2012 from June 30to December 30 of this year.
Early this year, the Bureau of Internal Revenue released Revenue Regulation 18-2012 “Requiring the Accreditation of Printers as a Prerequisite to their Printing Services of Official Receipts, Sales Invoices and Other Commercial Receipts and/or Invoices and regarding Processing of Authority to Print (ATP) Official Receipts, Sales Invoices, and other Commercial Invoices using the On-Line ATP Systems and Providing for the Additional Requirements in the Printing thereof” for implementation. Following this, all unused or unissued receipts and invoices which were printed prior to January 18, 2013 shall be deemed valid only until June 30, 2013.
In the appeal filed by the Davao City Chamber of Commerce and Industry, Inc, Davao Filipino-Chinese Chamber of Commerce, the Davao Filipino-Chinese Cultural Foundation, Mindanao Taiwan Chamber of Commerce and Industry, Inc., the Filipino Chinese Youth, Inc Davao Chapter and the Philippine Chinese Chamber of Commerce and Industry, Inc, they are cognizant of the fact on the need to implement the law being an important aspect of improving productivity as well as in the full computerization of BIR transactions.
“We believe that there is merit to this law and that the purpose is good, and we support the BIR and the national government on the said initiative. What we are asking is a little extension on its validity, shared by Davao City Chamber President Daniel Lim.
“Many of the members of the business community ordered their receipts for a minimum of six months up to one year because volume orders save on costs. Most of this receipts and invoices are programmed for use up to the end of the year, hence we fervently request the BIR Commissioner to take heed on this call for consideration” President Daniel Lim said.
Local chambers of commerce and business organization in Cebu and in Manila have also expressed their sentiment on the soon to be implemented law.
For more information, please contact the
DCCCII Professional Management Team
2F DCCCII Bldg., JP Laurel Ave., Davao City
Tel.: (082) 305-1423; 222-1402