BIR REGULATIONS NO. 7-2005, March 31, 2005

[ BIR REGULATIONS NO. 7-2005, March 31, 2005 ]

AMENDING PERTINENT PROVISION OF REVENUE REGULATIONS NO. 4-2000, BY PROVIDING A NEW FORMAT FOR THE NOTICE TO THE PUBLIC TO BE EXHIBITED AT PLACE OF BUSINESS

SECTION 1. Scope - Pursuant to the provisions of Section 244, in relation to Sections 237, 238, 264, and 265 of the Tax Code of 1997, this Regulation is hereby promulgated to provide a new BIR Notice to be exhibited at place of business.

SECTION 2. Exhibition of Notice at Place of Business - For the purpose of enhancing accomplishment of the objectives of RR No. 4-2000, the "NOTICE" provided for under Section 3 is hereby changed to conform strictly to the following:

ASK for RECEIPT B I R

This will ensure that the taxes on your purchases will be remitted to the government. It will be used for the development of the Philippines

2 to 4 YEARS IMPRISONMENT FOR NON ISSUANCE OF RECEIPT REPORT VIOLATORS TO ANY OF FOLLOWING:

* BIR CONTACT CENTER (02) 981-8888 * commisssioner@bir.gov.ph * BIR DISTRICT OFFICES

___________________________ Name of Business Establishment

______________________________ (TIN)

RR# ___. This NOTICE shall cause to be posted in place of business, including branches and mobile stores in such area conspicuous to the public view.

SECTION 3. Repealing Clause - All regulations, rules, orders or portions thereof contrary to the provisions of these Regulations are hereby modified and/or repealed accordingly.

SECTION 4. Effectivity - These regulations shall take effect fifteen (15) days after publication in any newspaper of general circulation.

Adopted: 31 March 2005

(SGD.) CESAR V. PURISIMA Secretary of Finance

Recommending Approval:

(SGD.) GUILLERMO L. PARAYNO, JR. Commissioner of Internal Revenue