![[Ask the Tax Whiz] What do you need to know about the removal of 5-year validity of receipts/invoices?](https://i.headtopics.com/images/2023/9/22/rapplerdotcom/ask-the-tax-whiz-what-do-you-need-to-know-about-th-ask-the-tax-whiz-what-do-you-need-to-know-about-th-DC3A2EB47CB745B6127336E112FB8F3D.webp)
On June 30, 2022, the BIR issued Revenue Regulations 6-2022, which removed the five-year validity period on all manual and system generated principal and supplementary invoices and receipts
According to Revenue Regulations No. 18-2022, a taxpayer with expiring Authority to Print for its receipts/invoices shall apply for a new ATP not later than 60 days prior to the expiry date. The use of receipts and invoices beyond the five-year validity renders the receipts/invoices invalid.
The removal of the five-year validity period applies to taxpayers who will use principal and supplementary receipts/invoices, or those who will apply for any of the following:Registration of Computerized Accounting System /Computerized Books of Accounts and/or its componentsWhat should I do in the case of unused receipts/invoices that still have a 5-year validity period?
Taxpayers with receipts/Invoices with existing ATP expiring on or after July 16, 2022 shall continue to issue such receipts/invoices until fully exhausted. The phrase “THIS INVOICE/RECEIPT SHALL BE VALID FOR FIVE YEARS FROM THE DATE OF THE ATP” and the “Validity period” shall be disregarded. In accordance with RR No. 6-2022, the CRM/POS and/or CAS and any other machines generating receipts/invoices must undergo a configuration change until December 31, 2022.The penalty for using expired receipts/invoices is P 20,000 for the first offense and P 50,000 for the second offense.
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