Further Amending The National Internal Revenue Code By Addition Section 216-A To Regulate The Printing Of Receipts Or Sales Or Commercial Invoices

MALACAÑANG
M a n i l a

PRESIDENTIAL DECREE No. 1255

FURTHER AMENDING THE NATIONAL INTERNAL REVENUE CODE BY ADDITION SECTION 216-A TO REGULATE THE PRINTING OF RECEIPTS OR SALES OR COMMERCIAL INVOICES

WHEREAS, there is an urgent need to regulate the printing of receipts or sales or commercial invoices in order to prevent the possession or use of unregistered invoices or receipts and double or multiple sets thereof;

WHEREAS, to carry out this objective, it is imperative that the printing of receipts or sales or commercial invoices be reported to and regulated by the Bureau of Internal Revenue;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby order and decree the following:

Section 1. The National Internal Revenue Code, as amended, is hereby further by adding a new section to be known as Section 216-A to read as follows:

"Sec. 216-A. Printing of Receipts or sales or Commercial Invoices. All persons who print receipts or sales or commercial...

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Summary of Presidential Decree No. 1255

Regulation on Printing of Receipts or Sales or Commercial Invoices
- All persons who print receipts, sales invoices, or commercial invoices must secure an authority to print from the Bureau of Internal Revenue (BIR) before printing. (Section 1)
- The authority to print will only be granted if the receipts or invoices are serially numbered and show the name, business style, taxpayer account number, and business address of the user. (Section 1)
- Printers must submit a quarterly report to the BIR within twenty (20) days after the end of each quarter, containing:
    1. Names, addresses, and taxpayer account numbers of persons or entities for whom receipts or invoices were printed in the preceding quarter. (Section 1)
    2. Quantity of receipts or invoices printed and the serial numbers of each booklet. (Section 1)
- Violations of Section 216-A will be penalized under Section 220-A of the National Internal Revenue Code. (Section 2)
- The Secretary of Finance shall issue rules and regulations to implement the provisions of this Decree upon the recommendation of the Commissioner of Internal Revenue. (Section 3)
- All existing laws, rules, and regulations inconsistent with this Decree are repealed or amended accordingly. (Section 4)
- This Decree takes effect immediately upon approval. (Section 5)