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    RMC 64-2015 Required Information On Receipts and Invoices

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    Jonathan Navallo
    This document is a Revenue Memorandum Circular from the Philippine Department of Finance reiterating requirements for receipts and invoices generated from cash register machines, point-of-sale systems, or software. It states that receipts for VAT-registered purchasers over 1,000 pesos must include the name, address, tax identification number, and business style of the purchaser. It also says these details must be shown on receipts from automated systems, or manually printed receipts with an Authority to Print must be issued instead. Failure to comply may result in penalties.

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

    RMC 64-2015 Required Information On Receipts and Invoices

    Uploaded by

    Jonathan Navallo
    108 views1 page
    This document is a Revenue Memorandum Circular from the Philippine Department of Finance reiterating requirements for receipts and invoices generated from cash register machines, point-of-sale systems, or software. It states that receipts for VAT-registered purchasers over 1,000 pesos must include the name, address, tax identification number, and business style of the purchaser. It also says these details must be shown on receipts from automated systems, or manually printed receipts with an Authority to Print must be issued instead. Failure to comply may result in penalties.

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    RMC 64-2015 Required Information on Receipts and Invoices

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    RMC 64-2015 Required Information on Receipts and Invoices

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    This document is a Revenue Memorandum Circular from the Philippine Department of Finance reiterating requirements for receipts and invoices generated from cash register machines, point-of-sale systems, or software. It states that receipts for VAT-registered purchasers over 1,000 pesos must include the name, address, tax identification number, and business style of the purchaser. It also says these details must be shown on receipts from automated systems, or manually printed receipts with an Authority to Print must be issued instead. Failure to comply may result in penalties.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    108 views1 page

    RMC 64-2015 Required Information On Receipts and Invoices

    Uploaded by

    Jonathan Navallo
    This document is a Revenue Memorandum Circular from the Philippine Department of Finance reiterating requirements for receipts and invoices generated from cash register machines, point-of-sale systems, or software. It states that receipts for VAT-registered purchasers over 1,000 pesos must include the name, address, tax identification number, and business style of the purchaser. It also says these details must be shown on receipts from automated systems, or manually printed receipts with an Authority to Print must be issued instead. Failure to comply may result in penalties.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    REPUBLIC OF THE PHILIPPINES

    DEPARTMENT OF FINANCE
    BUREAU OF NTERNAL REVENUE
    Quezon City

    Oetcber 2,2016

    REVENUE MEMoRANDUM cIRCULAR No, b4 - rDld


    SUBJECT : Reiteration on the lnformation Reflected on Receipts/lnvoices/Other
    Commercial lnvoices Generated from Cash Register Machine (CRM)/point-of.
    Sale (POS) Machines/Softwa re

    TO : All concerned raxpayers, rnternal Revenue officials and Employees, and


    Others Concerned

    This Circular is hereby issued to reiterate the information requirements that


    must be shown on
    receipts/invoices/other commerctal invoices generated from CRM/PoS/software
    pursuant to Revenue Regulations
    (RR) No. 10-2015 and RR No. 11-2004, in relation to RR No. 16-2005
    regarding the Vatue-Added Tax (VAT)
    receipts/invoices.

    Pursuant to section 113(B) of the Tax code, as amended and sec. 4.113-1(B)
    of RR No. 16-2005, the
    following information of purchaser, customer or client must be indicated on
    the VAT receipisiinvoices, in the case of
    sales amounting to One thousand pesos (P1,000.00) or more and the sale
    is made to a VAT.registered person:

    1. Name of purchaser, customer or client,


    2. Address;
    3. Taxpayer ldentification Numblr (TlN); and r]
    4. Business style, if any.

    Hence, the abovementioned information must also be reflected on the receipts/invoices


    generated from
    CRM/POS machines; othenvise, if the CRM/POS is not capable of showing
    the said requirements, a manually pre-
    printed receipts/invoices with approved Authority to Print (ATP)
    must be issued to the purchasdr, customer or client
    based on the existing provisions of the Bureau

    Fufther' any purchase of goodsiservices with receipts/invoices generated from


    CRM/pOS/software are
    mandated to show the said requisites for the valid claim of input
    tax credit by VAT.registered taxpayer, as
    -237
    provided by Section 4-110-8 of RR No. 16-2005 and in reference
    to Section 113 and ofthe Tax Code.
    Failure to comply with the said requirements shall be subject to corresponding penalties
    pursuant to RMo No.
    7-2015 and otherexisting revenue issuances.

    All internal revenLe offrcials and employees are hereby enjoined to give
    this Circular as wide as publicity as
    possible.

    l,r''.r{LI 0F INTERNAL RHE"VUE


    i.-coRDt y,f,r.p,ar"n
    KIM ENARES

    H.2
    Commis al Revenue

    0 35 B 2 7

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