RR No. 04-2000: Prescribes the posting in place of business of a notice on the requirement for the issuance of sales/commercial invoices and/or official receipts by persons engaged in trade or business, including the exercise of profession

Key points

1. Who must post. Persons engaged in trade or business, including the exercise of profession, must post the notice.
2. No invoice for small sales. Issuing invoices or receipts is not required for every sale valued at P 25 or below by a non-VAT taxpayer.
3. Violations and penalty. Failing or neglecting to post the notice, or deliberately removing it, violates the regulations. Upon conviction, the penalty is a fine of not more than One Thousand Pesos (P1,000) or imprisonment of not more than six (6) months, or both.
4. Corporations and partnerships. For corporations, partnerships or associations, the penalty falls on the president, partner, general manager, branch manager, officer-in-charge and/or employees responsible for the violation.

Who is affected

• Persons engaged in trade or business, including the exercise of profession
• Non-VAT taxpayers making sales of P 25 or below

Deadlines and effectivity

• Issued August 15, 2000