Posting by All Establishments Subject to Internal Revenue Taxes of Notices to the Public Relative to the Issuance of Invoices or Receipts

December 17, 1949 REVENUE REGULATIONS NO. V-4 SUBJECT : Posting by All Establishments Subject to Internal Revenue Taxes of Notices to the Public Relative to the Issuance of Invoices or Receipts TO : All Internal Revenue Officers and Others Concerned SECTION 1. Pursuant to the authority granted in section 338, in relation to section 4 (j) of Commonwealth Act No. 466, otherwise known as the National Internal Revenue Code, owners or operators of establishments required to issue invoices or receipts pursuant to section 204 of the National Internal Revenue Code, as amended, and pertinent rules and regulations, are hereby required to post notices at conspicuous places, designated by an internal revenue officer, within the said establishments, requesting the public to secure invoices or receipts for purchases or payments to such establishments. The notices herein mentioned shall be distributed by the Collector of Internal Revenue to the various establishments. The wording and form thereof shall be prescribed by the Collector of Internal Revenue subject to the approval of the Secretary of Finance. SECTION 2. Owners and operators of the abovementioned establishments shall preserve the said notices and prevent the mutilation, alteration, or defacement thereof. SECTION 3. Violation of any provision of these regulations shall render the owner or operator amenable to the penalties prescribed in section 352 of the National Internal Revenue Code. SECTION 4. These regulations shall take effect upon their promulgation in the Official Gazette. PIO PEDROSA Secretary RECOMMENDED BY: BIBIANO L. MEER Collector of Internal Revenue