The Bureau of Internal Revenue (BIR) has extended the validity of official receipts and invoices it issued to business owners.
This means that even the expired official receipts and invoices can still be used up to its last sheet and the BIR has already instructed business owners to continue using them.
The BIR reminded business owners that the previous five-year validity period requirement for use of the said sale documents has been scrapped by recently-issued Revenue Regulations No. 6-2022.
The guideline was issued in line with the ease of doing business law, or the Republic Act 11032.
Revenue officials said business establishments will save money for the printing and time in going to the BIR to seek authority to print sales papers.
Similarly, they said the regulations applies to all electronic-generated receipts and invoices on approved cash register machine (CRM) and point-of-sales machines (POS)
They said the CRM and POS machines must be reconfigured to delete the phrase "this invoice/receipt shall be valid for five years from the date of the permit to use."