Summary
RMC No. 45-2003 clarifies the policy on the use of head office receipts/invoices by branches.
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Key points
- Use of existing inventory. Branches currently issuing receipts/invoices that were issued to their head office may keep using them from existing unused inventory until December 31, 2003. No further extension is allowed after that.
- Not covered. Taxpayers already adopting the procedures under RMO No. 28-2002 are not covered. That order concerns the modified guidelines and procedures for processing applications and issuing the Authority to Print Receipts, Sales or Commercial Invoices.
Who is affected
- Branches using head office receipts/invoices
Deadlines and effectivity
- Use of head office receipts/invoices allowed until December 31, 2003, with no further extension
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.