ZAMBOANGA CITY, (PNA) — The Bureau of Internal Revenue (BIR) has extended the use of old receipts by local businessmen until November 10 this year.
The extension is to give the local business community sufficient to print new receipts due to last month’s standoff.
The standoff that started last September 9 after hundreds of Moro National Liberation Front (MNLF) infiltrated this city has virtually paralyzed the local business community.
“The November 10 deadline is only for Zamboanga City,” Revenue District Officer Cresencio Agad said citing the deadline was supposed to be last October 31.
Agad said they will conduct tax mapping after November 10 to check compliance on the part of the businessmen.
“Issuance of old receipts is just like non-issuance of receipts that is subject to P50,000 penalty regardless of how big or small your business is,” Agad explained.
He said the new receipts include new data such as expiration date, discounts for senior citizens and Persons with Disabilities (PWDs), value added tax and the printer’s name.
“The issuance of receipts is important. The BIR can monitor the sales of business establishments and use it as basis for their tax payments,” he said.
Meanwhile, he said several local businessmen have already surrendered their old receipt and have started using the new ones.