REVENUE MEMORANDUM CIRCULAR NO. 64-2015, October 27, 2015

[ REVENUE MEMORANDUM CIRCULAR NO. 64-2015, October 27, 2015 ]

REITERATION ON THE INFORMATION REFLECTED ON RECEIPTS/INVOICES/OTHER COMMERCIAL INVOICES GENERATED FROM CASH REGISTER MACHINE (CRM)/POINT-OF-SALE (POS) MACHINES/SOFTWARE

Adopted: 02 October 2015 Date Filed: 27 October 2015

This Circular is hereby issued to reiterate the information requirements that must be shown on receipts/invoices/other commercial 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 Value-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 receipts/invoices, 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 Identification Number (TlN); and 4. Business style, if any.

Hence, the abovementioned information must also be reflected on the receipts/invoices generated from CRM/POS machines; otherwise, if the CRM/POS is not capable of showing the said requirements, a manually preprinted receipts/invoices with approved Authority to Print (ATP) must be issued to the purchaser, customer or client based on the existing provisions of the Bureau.

Further, any purchase of goods/services 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 provided by Section 4-110-8 of RR No. 16-2005 and in reference to Section 113 and 237 of the Tax Code.

Failure to comply with the said requirements shall be subject to corresponding penalties pursuant to RMO No. 7-2015 and other existing revenue issuances.

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

(SGD) KIM S. JACINTO-HENARES Commissioner of Internal Revenue