Presidential Decree No. 1255 dated November 28, 1977, Amending the National Internal Revenue Code by Adding Section 216-A to Regulate the Printing of Receipts or Sales or Commercial Invoices

December 10, 1977 REVENUE MEMORANDUM CIRCULAR NO. 49-77 SUBJECT : Presidential Decree No. 1255 dated November 28, 1977, Amending the National Internal Revenue Code by Adding Section 216-A to Regulate the Printing of Receipts or Sales or Commercial Invoices TO : All Internal Revenue Officers and others concerned For the information and guidance of all concerned, quoted hereunder are the pertinent provisions of Presidential Decree No. 1255. "SECTION 1. The National Internal Revenue Code, as amended, is hereby further amended by adding a new section to be known as Section 216-A to read as follows: 'SECTION 216-A. PRINTING OF RECEIPTS OR SALES OR COMMERCIAL INVOICES . ALL PERSONS WHO PRINT RECEIPTS OR SALES OR COMMERCIAL INVOICES SHALL, FOR EVERY JOB ORDER, SECURE FROM THE BUREAU OF INTERNAL REVENUE AN AUTHORITY TO PRINT SAID RECEIPTS OR INVOICES BEFORE PRINTING THE SAME. 'NO AUTHORITY TO PRINT RECEIPTS OR SALES OR COMMERCIAL INVOICES SHALL BE GRANTED UNLESS THE RECEIPTS OR INVOICES TO BE PRINTED ARE SERIALLY NUMBERED AND SHALL SHOW, AMONG OTHER THINGS, THE NAME, BUSINESS STYLE, TAXPAYER ACCOUNT NUMBER AND BUSINESS ADDRESS OF THE PERSON OR ENTITY TO USE THE SAME. 'WITHIN TWENTY (20) DAYS FROM THE END OF EVERY CALENDAR QUARTER, THE PRINTER SHALL SUBMIT TO THE BUREAU OF INTERNAL REVENUE A REPORT CONTAINING THE FOLLOWING INFORMATION: '1. NAMES, ADDRESSES, TAXPAYER ACCOUNT NUMBERS OF THE PERSONS OR ENTITIES FOR WHOM THE RECEIPTS OR SALES OR COMMERCIAL INVOICES WERE PRINTED DURING THE PRECEDING QUARTER; AND '2. QUANTITY OF RECEIPTS OR INVOICES PRINTED AND THE SERIAL NUMBERS OF THE RECEIPTS OR INVOICES IN EACH BOOKLET.' "SECTION 2. The acts or omissions in violation of the provisions of Section 216-A shall be penalized under Section 220-A of the National Internal Revenue Code, as amended." FEATURES OF THE DECREE There are three vital changes brought about by Section 216-A designed to prevent unauthorized printing of receipts, sales or commercial invoices. 1. The new section fixes upon the printer the responsibility of securing the authority to print invoices. The requirements to secure the authority to print receipts or invoices are as follows: (a) the receipts or invoices to be printed must be serially numbered; and (b) they must show, among other things, the name, business style, taxpayer account number and business address of the person to use the same. 2. The new section also requires the printer to submit a quarterly report within twenty (20) days after the end of every calendar quarter. 3. Any act or omission of the printer subjects him to the penalties prescribed under Section 220-A of the Tax Code. EFFECTIVITY The new Section 216-A took effect on November 28, 1977. aisa dc EFREN I. PLANA Acting Commissioner of Internal Revenue TAN-P4519-F2828-A-8