Amending RR No. 10-2015 on Use of Non-Thermal Paper for All CRMs/POS Machines and Other Invoice/Receipt Generating Machine/Software

April 30, 2018REVENUE REGULATIONS NO. 16-18SUBJECT : Amending Revenue Regulations (RR) No. 10-2015 as Amended by RR Nos. 12-2015, 14-2015 and 6-2016 on the Use of Non-Thermal Paper for All Cash Register Machines (CRMs)/Point of Sales (POS) Machines and Other Invoice/Receipt Generating Machine/Software   TO: All Business Establishments, Internal Revenue Officials and Employees and Others Concerned SECTION 1. Scope. — Pursuant to the provisions of Section 244, in relation to Section 203, 222 and 235 of the National Internal Revenue Code of 1997 (NIRC), as amended, these Regulations is hereby promulgated to amend the following provisions of RR 10-2015 as amended by RR 12-2015, 14-2015 and 6-2016.SECTION 2. Amendments. — Sections 2, 3, 4, 5 and 6 of RR 10-2015 are hereby amended to read as follows:All taxpayers using CRM/POS machines or other invoice/receipt generating machine/software shall have the option to use the type of paper depending on their business requirements, subject to the retention and preservation of accounting records for a period within which the Commissioner is authorized to make an assessment and collection of...