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The Bureau of Internal Revenue (BIR) has ordered all taxpayers not to use thermal papers in issuing receipts as part of government’s efforts to boost tax collections. BIR said businesses and individuals must stop using thermal papers as they fade and become unreadable over time.
BIR Commissioner Kim Henares said the new regulation is also in response to numerous complaints they received that the content of the receipt disappears after a few days.
“[Disappearing data is] contrary to our requirement that documents should be kept and preserved for a period of time,” she said.
The order covers all new business registrants with cash register machines, point-of-sales machines and other invoice/receipt generating machines or software with built-in printers.
The tax agency is giving taxpayers using thermal receipts a three-year transition period to comply with the new regulation.
“Data printed on the receipts [should be at] a quality that can be preserved for a period with which the Commissioner is authorized to make an assessment and collection of taxes, as prescribed in Section 203 and 222 of the national internal revenue code (NIRC),” it said.
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This article has been re-published with permission from ABS-CBNnews.com.
