Tax managers to BIR: Allow use of unused receipts, invoices beyond Aug. 30 deadline
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MANILA - The Tax Management Association of the Philippines (TMAP) has asked the Bureau of Internal Revenue (BIR) to extend again the deadline for the validity of unused receipts and invoices printed before January 1, 2012 - this time to December 31, 2013.
Previously, the BIR acceded to the request of many business and taxpayer groups, including TMAP, to extend the deadline for another two months from June 30, 2013 to August 30, 2013.
In a letter sent to Commissioner of Internal Revenue Kim Jacinto-Henares on July 29, TMAP also recommended a staggered deadline for the validity of unused receipts and invoices based on their date of printing, unless they are fully utilized before the end of the validity period.
For example, TMAP proposed the following staggered deadlines for unused invoices/receipts:
- Printing date before January 1, 2012: December 31, 2013
- Printing date from January 1 to December 31, 2012: June 30, 2014
- Printing date from January 1, 2013 onwards: December 31, 2014
TMAP requested that the deadline be further deferred in light of serious concerns raised by many of its members and other taxpayers, who find the two-month period still inadequate for BIR-accredited printers to service all the printing requirements of registered taxpayers.
To date, there are only about 2,500 to 3,000 BIR-accredited printers nationwide, compared to millions of registered taxpayers nationwide. This situation would likely result in the failure of a substantial number of taxpayers to comply with the BIR receipting requirements, even if they are not at fault.
TMAP also reiterated its request, which was made in its previous letter dated May 31, 2013, that taxpayers be given 30 days, instead of the prescribed 10 days, from deadline within which to submit unused receipts or invoices for destruction at the BIR offices. The 10 day-period is considered very tight, especially for large taxpayers that have branches nationwide and are required to submit these to their respective head offices for BIR destruction.
TMAP is a non-stock, non-profit association that aims to professionalize tax practice and provide a channel by which the private sector may actively participate in the drafting of tax laws, rules, and regulations. At present, TMAP has over 100 member-organizations, most of which belong to, or act as consultants for, the Top 1,000 corporations in the country.