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Tax Notes

Extension of the validity period of certificate of accreditation, permits to use CRMs, P.....

THE Bureau of Internal Revenue (BIR) recently issued Revenue Memorandum Circular (RMC) 107-2019 to further extend the validity period of Certificate of Accreditation (COA) and Permits to Use (PTUs) of Cash Register Machines (CRMs), Point-of-Sale (POS) machines and other sales machines or receipting software.

The extension is as follows:

All primary and supplementary receipts/invoices using the CRM or POS machines and other sales machines or receipting software must reflect the “Date Issued” and “Valid Until.”

Previously, through RMC 30-2015 and 68-2015, the BIR prescribed that PTUs issued on or before July 31, 2015 shall have a validity period of five years, effective Aug. 1, 2015. On the other hand, there was a staggered implementation of the five-year validity for COA issued from Aug. 1, 2015 onwards.

Please be guided accordingly.

Source: P&A Grant Thornton

Certified Public Accountants

 

As published in SunStar Cebu, dated 23 October 2019