A welcome end to the five-year receipt/invoice validity period

REPUBLIC Act (RA) 11032, or the "Ease of Doing Business and Efficient Government Services Delivery Act of 2018," mandates all government offices and agencies, including local government units, government-owned and -controlled corporations, and other government instrumentalities to adopt simplified procedures in order to reduce red tape and expedite transactions with the government. One recent development in line with this is the issuance of Revenue Regulation (RR) 6-2022, which removes the five-year validity period on receipts/invoices.

Implementation of RR 18-2012, which gave rise to the strict implementation of authority to print (ATP) official receipts (ORs), sales invoices (SIs) and other commercial invoices (CIs), came with daunting and tedious requirements, including a five-year validity period on all invoices/receipts. Once the validity period lapses, a taxpayer will incur additional costs to print new sets of manual receipts or invoices no matter the number of unused receipts/invoices that have expired. Taxpayers also face a hefty fine if the expired receipts/invoices are used without permission from the Bureau of Internal Revenue (BIR).