Tax Alerts

Removal of 5-year validity period on receipts/ invoices

(Revenue Regulations No. 06-2022 issued on June 30, 2022) 

This Tax Alert is issued to inform all concerned on the removal of the five (5)-year validity period on all manual and system generated principal and supplementary invoices and receipts in line with the “Ease of Doing business and Efficient Government Service Delivery Act of 2018”. 

With the removal of the five-year validity period on invoices and receipts, the validity period currently indicated in the receipts or invoices shall be disregarded. Thus, existing manual receipts and invoices with Authority to Print (ATP) may still be issued until fully exhausted. While for system generated receipts or invoices, the system/ software generating receipts or invoices must be reconfigured to omit “validity period” phrases.  

The removal of the five-year validity period on receipts and invoices shall also cover taxpayers who will apply for the following:  

  1. ATP Official Receipts (ORs), Sales Invoices (SIs) and Other Commercial Invoices (CIs) based on Revenue Memorandum Order (RMO) No. I 2-2013;
  2. Registration of Computerized Accounting System (CAS)/Component of CAS based on Revenue Memorandum Circular (RMC) No. 10-2020, RMC No. 5-2021 and RMO No. 9-202; and 
  3. PTU CRMs and POS machines based on RR No. 11-2004 and RMO No. 10-2005.  

All PTUs to be issued shall be valid unless revoked by the Bureau of Internal Revenue (BIR). Revocation of permit may be due, but not limited, to the following: 

  1. Tampering of sales data or software specifications to alter or avoid the recording of sales transactions; 
  2. Any major repair, upgrade, integration, and modification/ alteration without prior notification to the BIR and approval by the concerned BIR office; and 
  3. Any violation on the policies and procedures for registration under relevant issuances. 

This regulation shall take effect 15 days after publication today in Manila Times.