Restoring the requirement to register and stamp receipts and invoices prior to their use.

May 25, 1990 REVENUE REGULATIONS NO. 02-90 SUBJECT : Restoring the Requirement to Register and Stamp Receipts and Invoices Prior to Their Use TO : All Internal Revenue Officers and Others Concerned SECTION 1 . Pursuant to the provisions of Section 245 in relation to Section 4 of the National Internal Revenue Code, as amended, the following regulations are hereby promulgated to restore the requirement to register and stamp receipts and invoices prior to their use, as provided for under Section 19 of Revenue Regulations V-1, as amended. cd i SECTION 2 . Paragraph (4) of Section 19 of Revenue Regulations V-1, otherwise known as the "Bookkeeping Regulations," as amended by Section 3 of Revenue Regulations No. 2-78, is hereby amended to read as follows: "Sec. 19. Authentication and registration of books, register, or records; authority to print receipts, sales or commercial invoices; and registration and stamping of receipts and invoices." cd xxx xxx xxx "(d) Registration and stamping of receipts and invoices. Before being used, the printed receipts, sales or commercial invoices shall be registered with the revenue district officer where the principal place of business of the taxpayer is located within thirty (30) days from the date of printing the same. The registration of the printed receipts or invoices shall be evidenced by an appropriate stamp on the face of the taxpayer's copy of the authority to print as well as on the front cover, on the back of the middle invoice or receipt and on the back of the last invoice or receipt of the registered booklet or pad, authenticated by the signature of the officer authorized to place the stamp thereon." SECTION 3 . Unused or unissued receipts and invoices in the possession of taxpayers and have been printed prior to the effectivity of these regulations must also be registered with the Revenue District Office where the principal place of business of the taxpayer is located within thirty days from the effectivity of these regulations. SECTION 4 . All regulations, rules, orders or portions thereof contrary to or inconsistent with the provisions of these regulations are hereby modified and/or repealed accordingly. SECTION 5 . These regulations shall take effect sixty days from the date of its publication in a newspaper of general circulation. (Sgd.) JESUS P. ESTANISLAO Secretary of Finance Recommending Approval: (Sgd.) JOSE U. ONG Commissioner of Internal Revenue