Registration and Stamping of Receipts or Sales or Commercial Invoices

December 10, 1986 REVENUE MEMORANDUM CIRCULAR NO. 46-86 SUBJECT : Registration and Stamping of Receipts or Sales or Commercial Invoices TO : All Revenue Regional Directors, Revenue District Officers and Taxpayers Required to Issue Sales Receipts/Invoices 1. Background . Section 216 of the old National Internal Revenue Code provided as follows: ". . . All persons subject to an internal revenue tax shall, for each sale or transfer of merchandise or for services rendered . . . issue duly registered receipts or sales or commercial invoices . . ." (EMPHASIS SUPPLIED) Presidential Decree No. 1994 which took effect on January 1, 1986 (i) renumbered Section 216 as Section 181 and (ii) amended its provisions as follows: ". . . All persons subject to an internal revenue tax shall, for each sale or transfer of merchandise or for services rendered . . . issue receipts or sales or commercial invoices . . ." (EMPHASIS SUPPLIED) In short, the phrase "duly registered" had been repealed by P.D. 1994. 2. Meaning of the Repeal . The phrase "duly registered" had been deleted in order to do away with the requirement of registration of receipts/invoices. The requirement under Revenue Regulations No. 2-78 dated February 20, 1978 that receipts/invoices shall be registered with and stamped by the corresponding Revenue District Office before the same may be used and issued to customers or clients had been repealed by P.D. 1944. 3. This Revenue Memorandum Circular supplements RMO NO. 22-86, dated July 22, 1986 and RMO NO. 25-86, dated July 25, 1986, for the proper guidance and compliance of all concerned. cd i 4. This Circular shall take effect immediately. (Sgd). BIENVENIDO A. TAN, JR. Commissioner