New regulation on OR proceeds – BIR

The Bureau of Internal Revenue (BIR) said on Thursday that the full implementation of a revenue regulation involving the issuance and used of new sets of receipts on July 1, 2013, shall proceed as scheduled.

“The complaints against the new regulations are without any basis since the tax agency had issued Revenue Regulations [RR] 18-2012 last year, and published the same in the January 3, 2013, issue of the Manila Bulletin informing everyone that existing receipts will expire on June 30, 2013,” BIR Commissioner Kim Jacinto-Henares said in a statement.