Tax Notes on Expiration of Principal and Supplementary Receipts and Invoices.
– Did you know that a new Authority To Print (ATP) for principal and supplementary invoices and receipts should be secured not later than sixty (60) days prior to the actual expiry date of existing ATP?
According to Bureau of Internal Revenue’s Revenue Memorandum Order (RMO) No. 12-2013 issued on May 2, 2013, a taxpayer with expiring principal and supplementary receipts/invoices shall apply for a new ATP not later than sixty (60) days prior to the actual expiry date; and all unused/expired/expiring Receipts and Invoices shall be surrendered together with an inventory listing to the BIR Office having jurisdiction over the taxpayer for destruction on or before the tenth (10th) day after the validity period of the expired receipts/invoices.
Failure to comply with the above RMO would subject the taxpayer from compromise penalties ranging from Php1,000 to 50,000 and imprisonment of not less than four (4) years.
