Reiteration on the Information Reflected on Receipts/Invoices/Other Commercial Invoices Generated from Cash Register Machine (CRM)/Point-of-Sale (POS) Machines/Software

October 2, 2015 REVENUE MEMORANDUM CIRCULAR NO. 064-15 SUBJECT : Reiteration on the Information Reflected on Receipts/Invoices/Other Commercial Invoices Generated from Cash Register Machine (CRM)/Point-of-Sale (POS) Machines/Software TO : All Concerned Taxpayers, Internal Revenue Officials and Employees, and Others Concerned This Circular is hereby issued to reiterate the information requirements that must be shown on receipts/invoices/other commercial invoices generated from CRM/POS/software pursuant to Revenue Regulations (RR) No. 10-2015 and RR No. 11-2004 , in relation to RR No. 16-2005 regarding the Value-Added Tax (VAT) receipts/invoices. Pursuant to Section 113 (B) of the Tax Code, as amended and Sec. 4.113-1 (B) of RR No. 16-2005, the following information of purchaser, customer or client must be indicated on the VAT receipts/invoices, in the case of sales amounting to One thousand pesos (P1,000.00) or more and the sale is made to a VAT-registered person : 1. Name of purchaser, customer or client; 2. Address; 3. Taxpayer Identification Number (TIN);and 4. Business style, if any. Hence, the abovementioned information must also be reflected on the receipts/invoices generated from CRM/POS machines; otherwise, if the CRM/POS is not capable of showing the said requirements, a manually pre-printed receipts/invoices with approved Authority to Print (ATP) must be issued to the purchaser, customer or client based on the existing provisions of the Bureau. aScITE Further, any purchase of goods/services with receipts/invoices generated from CRM/POS/software are mandated to show the said requisites for the valid claim of input tax credit by VAT-registered taxpayer , as provided by Section 4-110-8 of RR No. 16-2005 and in reference to Sections 113 and 237 of the Tax Code. Failure to comply with the said requirements shall be subject to corresponding penalties pursuant to RMO No. 7-2015 and other existing revenue issuances. All internal revenue officials and employees are hereby enjoined to give this Circular as wide a publicity as possible. (SGD.) KIM S. JACINTO-HENARES Commissioner of Internal Revenue