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Manila Bulletin devider devider BIR issues P10M penalty for printers of fake invoices

BIR issues P10M penalty for printers of fake invoices

Published Jan 28, 2019 03:32 pm
By Jun Ramirez The Bureau of Internal Revenue (BIR) has reminded official receipt (OR) and sales invoice (SI) printers to be more careful in producing the documents to avoid long prison term and heavy fines. BIR logo and building (Manila Bulletin file photo) BIR
(Manila Bulletin File Photo) Metro Manila revenue regional issued the warning to acquaint printers about the new schedule of penalties prescribed under the Tax Reform for Acceleration and Inclusion (TRAIN) Law. The field officials stated that Section 264 of the Tax Code enumerates offenses subject from P500,000 to P10 million fine and up to 10 years imprisonment. These are printing of receipts and invoices without authority from the BIR, double or multiple sets and without numbers. Previously, the penalty for such violations carry maximum fine of P50,000 and jail term of two years.
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