Summary
RMC No. 40-2005 prescribes the standard invoice format for the Tollway Industry, based on Section 6 of Revenue Regulations (RR) No. 11-2004.
Key points
- Required data. A standard tollway receipt shows, among others: business name, registered taxpayer’s name with BIR, Taxpayer’s Identification Number (12 digits including branch code), address where the machine will be used, receipt/invoice number (minimum of 6 digits), Machine Model Accreditation Number, date of transaction, quantity (distance from point to point), product description, amount of transaction, and the words “THIS SERVES AS AN OFFICIAL RECEIPT”.
- Header. The business name, registered taxpayer’s name, TIN and address are printed consecutively in the Official Receipt Header.
- VAT presentation. Under the existing VAT Law, the invoice amount includes VAT. Under the new VAT Law (Republic Act 9337), which is temporarily suspended by a Supreme Court Temporary Restraining Order, VAT is shown as a separate item.
- Invoice size. The size depends on the requirement of the particular toll operator.
Who is affected
- Tollway Industry
Deadlines and effectivity
- Issued August 22, 2005
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
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