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    Revenue Memorandum Circular No. 028-19

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    Alvin Agullana
    This document outlines a new policy requiring new business registrants in the Philippines to use printed receipts/invoices issued by the Bureau of Internal Revenue for the first 15 days of business operations. It details the requirements for using the Bureau of Internal Revenue Printed Receipt/Invoice and rules around their printing and validity.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Revenue Memorandum Circular No. 028-19

    Uploaded by

    Alvin Agullana
    87 views2 pages
    This document outlines a new policy requiring new business registrants in the Philippines to use printed receipts/invoices issued by the Bureau of Internal Revenue for the first 15 days of business operations. It details the requirements for using the Bureau of Internal Revenue Printed Receipt/Invoice and rules around their printing and validity.

    Original Title

    RMC 28-2019 Prescribing_the_Use_of_Bureau_of_Internal_Revenue_Printed_Receipts

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    This document outlines a new policy requiring new business registrants in the Philippines to use printed receipts/invoices issued by the Bureau of Internal Revenue for the first 15 days of business operations. It details the requirements for using the Bureau of Internal Revenue Printed Receipt/Invoice and rules around their printing and validity.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    87 views2 pages

    Revenue Memorandum Circular No. 028-19

    Uploaded by

    Alvin Agullana
    This document outlines a new policy requiring new business registrants in the Philippines to use printed receipts/invoices issued by the Bureau of Internal Revenue for the first 15 days of business operations. It details the requirements for using the Bureau of Internal Revenue Printed Receipt/Invoice and rules around their printing and validity.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    February 22, 2019

    REVENUE MEMORANDUM CIRCULAR NO. 028-19

    SUBJECT : Prescribing the Use of Bureau of Internal Revenue Printed


    Receipt/Invoice

    TO : All Internal Revenue Officials, Employees and Others Concerned

    The Bureau of Internal Revenue is committed to support our government's


    program in improving our country's competitiveness and ease of doing business
    ranking by implementing reforms that address issues in the area of "starting a
    business" related to this Bureau. This is in relation to Republic Act (R.A.) No. 11032
    otherwise known as Ease of Doing Business and E cient Government Service Delivery
    Act of 2018. This Circular is being issued to prescribe the use of the Bureau of Internal
    Revenue Printed Receipt/Invoice (BPR/BPI) as one of the reforms in starting a
    business. This will allow new business taxpayers to immediately start its business
    operations while waiting for the printing or delivery of its receipts/invoices by the BIR-
    accredited printers. TIEHSA

    I. Issuance of Receipts or Sales Invoices


    Pursuant to Section 237 of the National Internal Revenue Code (NIRC), as
    amended by R.A. No. 10963 otherwise known as the "Tax Reform for Acceleration and
    Inclusion (TRAIN)" Act, all persons subject to an internal revenue tax shall, at the point
    of each sale and transfer of merchandise or for services rendered valued at One
    hundred pesos (P100), issue duly registered receipts or sale or commercial invoices.
    II. Use of BPR/BPI
    New business registrants are required to secure Authority to Print (ATP)
    principal receipts/invoices upon registration with the BIR. However, in order for them to
    immediately commence business operations after registration, they shall be allowed to
    secure BPR/BPI at the time of registration from the New Business Registrant Counter
    (NBRC) in the meantime that their receipts are being printed. They shall be allowed to
    use said BPR/BPI for a period of fteen (15) days from the date of registration, hence,
    the number of booklets to be issued shall be limited to the estimated number of
    transactions for such period. However, new business registrants may opt not to avail of
    the BPR/BPI and make use of their own receipts/invoices covered by the ATP issued
    during registration. TacSAE

    The BPR/BPI shall be issued as principal evidence in the sale of goods and/or
    properties and/or services or lease of properties. It can be used as a supporting
    document in claiming expenses as deduction from ordinary gross income or claim as
    input tax credit, subject to existing rules and regulations on invoicing requirements for
    taxation purposes.
    III. Printing of BPR/BPI
    Only the BIR is allowed to print and issue the BPR/BPI. A separate revenue
    issuance shall be issued prescribing the format to be used in printing the BPR/BPI to
    conform with existing revenue issuances. All existing BPR in the BIR o ces that do not
    comply with the format showing required information are deemed invalid and subject
    CD Technologies Asia, Inc. © 2019 cdasiaonline.com
    for appropriate disposal/destruction. TDAcCa

    All internal revenue o cers and employees are hereby enjoined to give this
    Circular a wide publicity as possible.
    Date Issued: February 26, 2019.
    (SGD.) CAESAR R. DULAY
    Commissioner of Internal Revenue

    CD Technologies Asia, Inc. © 2019 cdasiaonline.com

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