BIR Releases Amendment Relative to Temporary Measures on the Issuance of Receipts and Invoices
The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 59-2020, pursuant to the Republic Act (RA) No. 11469, otherwise known as “Bayanihan to Heal As One Act”, amending the provisions of the RMC No. 47-2020 relative to the released guidelines of temporary measures adopted by taxpayers as a relief in compliance with the agency’s receipting and invoicing requirements.
Provisions from the Old Memo
The applicable temporary measures in the issuance of receipts/invoices shall cover registered taxpayers in areas under Enhanced Community Quarantine (ECQ) to ease the concerns of businesses.
Amended Provisions Under the Newly Released RMC 59-2020
The same procedures from the old provision shall likewise be available to taxpayers under the Modified Enhanced Community Quarantine (MECQ).
Requirements for Taxpayers under ECQ and MECQ
All taxpayers under ECQ and MECQ who adopted the temporary measures on issuing their respective duly-authorized receipts and/or invoices shall submit the summary of the following:
- Temporary Receipts
- Issued Invoices
Submissions shall be fulfilled within ninety (90) days from the date of lifting of the ECQ or MECQ.
Applicability for Taxpayers Under GCQ and MGCQ
The abovementioned procedures shall no longer be applicable for business entities under General Community Quarantine (GCQ) or Modified General Community Quarantine (MGCQ). Utilizing the said measures shall be counted as a violation of the receipting/invoicing requirements.