Dear Valued Clients and Friends,

We are sending to you a copy of Bureau of Internal Revenue (BIR) Revenue Memorandum Circular (RMC) No. 47-2020 dated May 11, 2020, prescribing for the guidelines on temporary measures adopted by taxpayers relative to the receipting/invoicing requirements during the Enhanced Community Quarantine (ECQ), in relation to the implementation of RA No. 11469 (Bayanihan to Heal as One Act).

Due to the ECQ, in case that the duly authorized or approved receipts/invoices shall be inaccessible or unavailable, the business taxpayers may opt to use the following:

• BIR printed receipts/invoices;
• Scanned copy of receipt/invoice with Authority to Print (ATP) and similarly transmitted electronically;
• Computer-aided receipt/invoice in excel format not covered by an ATP and similarly transmitted electronically;
• Supplementary receipts/invoices;
• Receipt/Invoice using existing Computerized Accounting System (CAS) with approved Permit to Use (PTU) or Acknowledgement Certificate, however, the said receipt/invoice is being sent electronically;
• Receipt/invoice generated from a newly developed receipting/invoicing software or CAS without a PTU or Acknowledgement Certificate.

Any taxpayer who adopts any of the cases enumerated above shall write a formal letter to the BIR to inform the latter on the workaround procedures being implemented within 3 days from the effectivity of this Circular.

Once the ECQ is lifted, the taxpayer must immediately provide or issue the duly authorized receipt/invoices. The actual date of transaction must be indicated in the authorized manual receipts/invoices to be issued and a copy of the temporary receipt/invoice attached to the file copy for audit purposes.

Should you have questions on the above article, please do not hesitate to contact us at info@mtfcounsel.com.

#BIRRMC #ECQ #COVID19 #TaxpayerMeasures #Receipts #Invoicing 

Thank you,

Mata-Perez, Tamayo & Francisco

May 13, 2020

https://mtfcounsel.com/wp-content/uploads/2020/05/BIR-RMC-No.-47-2020.pdf