RR No. 19-2018: Amends RR No. 13-2018 particularly on the use of invoices/receipts of previously-registered VAT taxpayers who are now non-VAT taxpayers

Summary

RR No. 19-2018 amends the transitory provisions of RR No. 13-2018 on using invoices and receipts of previously VAT-registered taxpayers who are now non-VAT.

Key points

1. Use of stamped unused invoices. A number of unused invoices or receipts, as determined by the taxpayer with the approval of the appropriate BIR Office, may be used. Each copy must be stamped on its face with the phrase Non-VAT registered as of (date of filing an application for update of registration). Not valid for claim of input tax.
2. Until when. They may be used until new registered non-VAT invoices or receipts are printed and received, or until August 31, 2018, whichever comes first.
3. After new invoices arrive. On the same day the new invoices or receipts are received, the taxpayer submits a new inventory list and surrenders all unused previously-stamped invoices or receipts for cancellation.

Who is affected

• Previously VAT-registered taxpayers who are now non-VAT taxpayers

Deadlines and effectivity

• Until receipt of newly printed non-VAT invoices or receipts, or August 31, 2018, whichever comes first
• New inventory list and surrender on the same day new invoices or receipts are received

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