Policy Objectives
- To enhance revenue collection by enforcing the legal issuance of sales/commercial invoices and official receipts.
- To inform the public that issuance of these documents is mandated by law.
- Requires every seller to issue sales/commercial invoices and/or official receipts for sales transactions regardless of demand by buyers.
Requirements for Exhibition of Notice
- Persons required to issue sales/commercial invoices and official receipts must post a conspicuous notice at their business premises, including branches and mobile stores.
- Notice shall be in bold letters containing the specified text warning of the legal obligation.
- The notice size shall be twelve (12) inches wide and eight (8) inches long.
- The notice must never be detached, removed, or covered.
- Issuance of sales/commercial invoice and/or official receipt is not required for sales valued at P25 or below by Non-VAT taxpayers.
Violations and Penalties
- Violations include failure or neglect to post the notice and deliberate removal of the notice.
- Upon conviction, violators shall be punished by a fine not exceeding One Thousand Pesos (P1,000), imprisonment of not more than six (6) months, or both.
- Penalties are pursuant to Section 275 of the National Internal Revenue Code (NIRC) of 1997.
Liability of Corporate Entities and Responsible Persons
- In corporate, partnership, or association contexts, penalties shall be imposed on responsible officials such as presidents, partners, general managers, branch managers, officers-in-charge, or employees responsible for the violation.
Repealing Clause
- All rules, regulations, or revenue issuances inconsistent with these Regulations are amended accordingly to conform with the provisions herein.
Effectivity of Regulations
- These Regulations take effect fifteen (15) days after publication in a newspaper of general circulation.