[Ask the Tax Whiz] What do you need to know about the removal of 5-year validity of receipts/invoices?
On June 30, 2022, the BIR issued Revenue Regulations 6-2022, which removed the five-year validity period on all manual and system generated principal and supplementary invoices and receipts Who are the covered taxpayers of RR No. 6-2022? According to Revenue Regulations (RR) No. 18-2022, a taxpayer with expiring Authority to Print (ATP) for its receipts/invoices …