BIR allows companies to use up ORs even after Dec. 31 deadline

THE Bureau of Internal Revenue (BIR) is allowing the use of official receipts (ORs) until these are fully consumed extending their permissible issuance beyond the initial Dec. 31 deadline.

BIR Commissioner Romeo D. Lumagui, Jr. said in a statement: “All remaining official receipts can be used, until fully consumed. Inventory reports and notices can be submitted through e-mail. The BIR is committed to making the transition to Ease of Paying Taxes Act (EoPT) as convenient to taxpayers as possible.”

“Further, the submission of inventory reports and/or notice required in compliance with the transitory provisions of Revenue Regulation No. 7-2024 can now be done through e-mail,” he added.

The BIR has been working to harmonize its various regulations, systems, and processes with the requirements of EoPT.

In January, President Ferdinand R. Marcos, Jr. signed EoPT, which seeks to streamline the tax system. The act amends sections of the National Internal Revenue Code of 1997 and introduces various reforms.

For example, Revenue Regulations No. 7 implements amendments on registration procedures and invoicing requirements.

Under EoPT, the VAT official receipt has been removed as a requirement for substantiating refund claims and input and output taxes, making the VAT invoice the sole supporting document required in declaring output taxes and claiming input taxes for both sale of goods and services. — Luisa Maria Jacinta C. Jocson