• Skip to content
  • Skip to navigation

P&A Grant Thornton uses cookies to monitor the performance of this website and improve user experience

To find out more about cookies, what they are and how we use them, please see our privacy notice, which also provides information on how to delete cookies from your hard drive.

Global site
  • Global site
Grant Thorton Logo

Grant Thornton Logo Grant Thornton Logo

Contact us
  • Insights
  • Services
  • Industries
  • Meet our people
  • Careers
  • Alerts and Publications
  • Events
  • Locations
  • P&A Foundation, Inc.
  • Audit and Assurance
  • Tax Advisory and Compliance
  • Advisory Services
  • Outsourcing and Managed Services
  • Japan Desk
Audit and Assurance Home
  • Audit approach overview
  • Annual and short period audit
  • Review engagement
  • Other Related Services
Tax Advisory and Compliance Home
  • Tax advisory
  • Tax compliance
  • Corporate services
  • Tax education and advocacy
Advisory Services Home
  • Business risk services
  • Business consulting services
  • Transaction services
  • Forensic advisory
  • Cyber advisory
Outsourcing and Managed Services Home
  • Accounting services
  • Staff augmentation services
  • Payroll Processing
  • Education
  • Consumer products
  • Energy and natural resources
  • Financial services
  • Not for profit
  • Outsourcing
  • Public sector
  • Real estate and construction
  • Technology, media and communications
  • Travel, tourism and leisure
  • Retail industry
  • About
  • P&AUSE
  • P&AUSE Officers
  • Board of Trustees
  • Contact Us
  1. Grant Thornton Philippines
  2. Alerts and Publications
  3. Technical Alerts
  4. Tax Alerts
  5. 2015
  6. Required format for CRM/POS receipts: Clarifications and deadline

Tax Alerts

09 Oct 2015
  • 2015

Required format for CRM/POS receipts: Clarifications and deadline (Revenue Regulations Nos. 10 and 12- 2015, Revenue Memorandum Circular No. 64-2015)

In Revenue Regulations No. 10-2015, the BIR prescribed an expanded list of information to be indicated in the receipts/invoices issued form CRM/POS machines as well as electronic receipts issued from a network or linked to CAS or components.  The required information include:

a. a space for the name address, TIN and business style of the buyer/customer; 

b. information about the BIR-accredited supplier of CRM/POS machine/software and the BIR Final Permit to Use, at the bottom portion of the receipt; and

c. Senior Citizen/PWD TIN, discount and signature, in case taxpayer is required to provide discounts to SC/PWD.

Clarifications

In RMC 64, the BIR reiterated and clarified the following existing rules:

1. Only sales made to VAT-registered persons amounting to at least P1,000 are required to have the name, address, TIN and business style of the buyer/customer  indicated in the VAT receipts/invoices.  Hence, receipts/invoices issued from CRM/POS machines issued to non-VAT buyers as well as on sales of less than P1,000 to VAT-registered buyers are still not required to indicate the information about the buyer/customer.

2. If the CRM/POS machine is not capable of showing such details about the buyer, a manually pre-printed receipt/invoice with approved Authority to Print (ATP) must be issued to the buyer/customer based on the existing regulations of the Bureau.

3. Receipts/Invoices generated from CRM/POS machines/software  are mandated to show the said requisites for the valid claim of input tax credits by the VAT-registered buyer.

Extended deadline

In order to provide ample time in procuring, reconfiguring machines and systems, the deadline for compliance has been extended to October 31, 2015. 

You may access the pertinent RR Nos. 10 and 12- 2015, and RMC No. 64-2015 through the link below.

.

RMC 64-2015
Download PDF [88 kb]
rich text with download pdf
Download PDF [88 kb]
Download PDF [88 kb]

.

RR No. 10-2015
Download PDF [241 kb]
rich text with download pdf
Download PDF [241 kb]
Download PDF [241 kb]

.

RR No. 12-2015
Download PDF [423 kb]
rich text with download pdf
Download PDF [423 kb]
Download PDF [423 kb]
Share this page
  • Facebook LinkedIn
  • Twitter Twitter
  • LinkedIn LinkedIn
  • Email Email
  • Follow us on YouTube
  • Follow us on Facebook
  • Follow us on Twitter
  • Follow us on Instagram
CONNECTclose
  • Meet Our People
  • Contact us
  • Our heritage
ABOUTclose
  • About us
  • Careers
  • News Centre
LEGALclose
  • Privacy
  • Cookie policy
  • Disclaimer
  • Site map

© 2021 Punongbayan & Araullo - All rights reserved. “Grant Thornton” refers to the brand under which the Grant Thornton member firms provide assurance, tax and advisory services to their clients and/or refers to one or more member firms, as the context requires. Punongbayan & Araullo (P&A) is a member firm of Grant Thornton International Ltd (GTIL). GTIL and the member firms are not a worldwide partnership. GTIL and each member firm is a separate legal entity. Services are delivered by the member firms. GTIL does not provide services to clients. GTIL and its member firms are not agents of, and do not obligate, one another and are not liable for one another’s acts or omissions.

    • EN
    • Contact us