The Bureau of Int
ernal Revenue (BIR) has directed business establishments to submit an inventory list of all cash register machines, point of sales machines, special purpose cash machines and any other similar machines generating sales invoices as of June 30.
Internal Revenue commissioner Kim Henares said the move is in line with the agency’s efforts “to effectively supervise and monitor the issuance of sales invoices/receipts by business establishments and strengthen data management and capabilities that is vital in ensuring a reliable database of sales transactions.”
Henares said the concerned parties must submit a notarized sworn declaration duly signed by the taxpayer/authorized representative certifying the veracity of the data/information being submitted.
Non-compliance will result in the automatic revocation of the taxpayers’ permit to use sales machines as well a penalty of P1,000 for each failure.
Henares said non-compliant entities would be included in the agency’s priority audit program.
She said the payment of the appropriate penalty would not relieve the taxpayer from the submission of the prescribed inventory list and that the BIR would enforce appropriate measures to ensure taxpayer would fully comply with the provisions of the circular.
