Special InTAX: June 2024 Issue 1 | Volume 1

Department of Finance

The Department of Finance (DOF) issued Revenue Regulations (RR) No. 11-2024 dated 13 June 2024 to amend the transitory provisions of RR No. 7-2024 relative to the deadlines for compliance with the invoicing requirements.

The following are the salient points of RR No. 11-2024:

• Business taxpayers are not required to replace its existing BIR Certificate of Registration (COR) that displays the Registration Fee unless there are changes to the registration information reflected in the COR other than the Registration Fee.
• Taxpayers may continue the use of unused or unissued Official Receipts (ORs) from 27 April 2024 until they are fully consumed, either:

1. As supplementary documents, provided they are stamped with “THIS DOCUMENT IS NOT VALID FOR CLAIM OF INPUT TAX.” The OR (and other equivalent documents like Collection Receipt, Acknowledgement Receipt, and Payment Receipt), all serve as proof of payment received or made for goods and/or services; or
2. Convert as Invoice (and convert the Billing Statement/Statement of Account/Statement of Charges into Billing Invoice). 

°  Taxpayers are allowed to strikethrough the word “Official Receipt” and stamp the word “Invoice” or any name describing the transaction and the converted “Official Receipt” shall contain the required information under Section 6(B) of RR No. 7-2024. 

° Beginning 27 April 2024, any manual/loose leaf ORs issued without a stamp “Invoice” will be considered supplementary documents and ineligible for input tax claims. 

° Taxpayers should obtain newly printed invoices with an Authority to Print (ATP) before fully using or consuming the converted ORs/Billing Statement/Statement of Account/Statement of Charges.

° The converted Invoice shall be reported by submitting an inventory of the unused ORs on or before 31 July 2024 to the RDO/LT Office/LT Division where the Head Office or Branch Office is registered.

• Taxpayers using Cash Register Machines (CRM)/Point of Sales (POS)/E-receipting/E-invoicing are allowed to change the word “Official Receipt” to “Invoice” or any name describing the transaction, without the need to inform the Revenue District Office of such change.
• Taxpayers using duly registered Computerized Accounting System (CAS) or Computerized Books of Accounts (CBA) with Accounting Records (AR) shall be required to reconfigure machines and update their CAS/CBA with AR following the existing policies and procedures in registering use of CAS/CBA with AR on or before 31 December 2024. Any extension due to the reconfiguration/enhancements of the system must be approved by the concerned Regional Director or Assistant Commission of the Large Taxpayers Services which shall no longer be six months from 31 December 2024 (or until 30 June 2025).
• The serial numbers of the renamed Invoice to be issued by the CRM/POS machines, e-receipting or electronic invoicing software, CAS/CBA with AR shall start by continuing the last series of the previously approved OR and shall submit notice after completion of reconfiguration/ enhancement within 30 days from completion of machine/system reconfiguration/ enhancement or on 31 December 2024, whichever comes first.
• Documents issued by CRM/POS machines, e-receipting or electronic invoicing software, CAS/CBA with AR containing “Official Receipt” from 27 April 2024 until completion of machine/system reconfiguration/enhancement shall be considered valid for claiming input tax by the buyer/purchaser until 31 December 2024 or until completion of machine/system reconfiguration/ enhancement, whichever comes first.
• The issuance of ORs (with or without strikethrough) without converting them to “Invoice” starting 27 April 2024 will not be considered as evidence of sales of goods and services. It shall be tantamount to non-issuance of invoice which may be subject to a penalty of P1,000 to P50,000 and suffer imprisonment of not less than 2 years.
• The Commissioner of Internal Revenue may further extend the deadlines on the transition period prescribed as may be deemed necessary.

The RR is effective upon publication in the BIR Official Website.

(RGM & Co. Note: The RR was posted in the BIR website on 13 June 2024)

Here is the link to the full text of the issuance: RR No. 11-2024 (003).