RMC No. 59-2020: Amends the provisions of RMC No. 47-2020 relative to the temporary measures adopted by taxpayers on the receipting/invoicing requirements pursuant to RA No. 11469 (Bayanihan to Heal as One Act)

Summary

RMC No. 59-2020 amends RMC No. 47-2020 on the temporary receipting and invoicing measures under RA No. 11469 (Bayanihan to Heal as One Act), limiting them to ECQ and MECQ areas.

Key points

1. Where the measures apply. The workaround procedures in RMC No. 47-2020 apply to taxpayers registered in areas under Enhanced Community Quarantine (ECQ) and Modified ECQ (MECQ).
2. Summary of receipts. Taxpayers who used the temporary measures during ECQ and MECQ must submit the Summary of Temporary Receipts/Invoices Issued, in the format of Annex “A” of RMC No. 47-2020. It is due within ninety (90) days from the lifting of ECQ and/or MECQ.
3. End under GCQ and MGCQ. Business entities under General Community Quarantine (GCQ) and/or Modified General Community Quarantine (MGCQ) must stop using the temporary measures. Using them during those periods is a violation of the receipting and invoicing requirements.

Who is affected

• Taxpayers registered in ECQ and MECQ areas that adopted the temporary measures
• Business entities under GCQ and MGCQ

Deadlines and effectivity

• Summary due within ninety (90) days from lifting of ECQ and/or MECQ

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.