Penalties for Receipt/Invoice Violations

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PRESIDENTIAL DECREE NO. 1254: Penalties for Receipt/Invoice Violations

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Title Source: Supreme Court: Penalties for Receipt/Invoice Violations

Law: Presidential Decree No. 1254

Decision Date: Nov 28, 1977

Presidential Decree No. 1254 imposes penalties for underdeclaration of sales, receipts, or income in the Philippines, including fines, imprisonment, cancellation of business licenses, and deportation for non-citizens, with additional penalties for unauthorized printing or possession of receipts, failure to submit reports, and disciplinary action for professionals.

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