Use of Non-Thermal Paper

To all establishments using Cash Registering Machines (CRM),  Point of Sale (POS) Machine or other machines, a recently published Revenue Regulations (RR) No.10-2015 of the BIR tackles the mandatory use of Non-Thermal Paper.

I can hear grumbling!  ano na naman ito ?!?!

but wait... the BIR is considerate of the transition cost so...  Section 4 of the RR provides for the staggered implementation dates. So here goes:

    Machines registered on                                    Implementation Dates

    July 14, 2014 onwards                                  on or before July 1,2018
    July 1, 2013-June 30,2014                            on or before July 1,2017
    prior to July 1, 2012 - June 30, 2013             on or before Sept. 1, 2016

This new issuance is in relation to the prescribed ten (10) year period of preservation of the Accounting records. Since, printed matters in the thermal papers do not last for a long time, it was then decided by BIR people to implemented the use of non-thermal papers on the said machines.

Announcement: The Newest Version of eBIR Forms Package v5.1

A blessed Sunday to you all ! As mentioned in my previous post, here now is the new version of the eBIR Forms Package as provided in Revenue Memorandum Circular (RMC) No. 58-2015 announcing the availability of the New eBIR Forms Package version 5.1.

Taxpayers who are mandated to use the eBIR Forms for eFiling may download the said version from the BIR website or at the following sites:

          Websites: www.knowyourtaxes.ph; www.dof.gov.ph
          Direct link: http://ftp.pregi.net/bir/ebirforms_package_v5.1.zip

The instructions for installation of the latest version is also provided in the said RMC. I just like to reiterate that the eBIR Forms 1700, 1701, 1702RT, 1702MX, 1702EX and 1707A are now available on the said version and may be submitted online except for BIR Form1707A.

Good  day !