BIR Updates: BIR retains use of thermal printers for POS machines/terminals

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Photo from: Business World

The Bureau of Internal Revenue has recently released Revenue Regulation No. 16-2018 which allows customers who may need proof of payment to claim for expense may return the issued tape receipt to the seller and request for the issuance of a manual invoice or receipt. The seller can then issue manual invoice to replace the previously issued tape receipt.

This new amendmended regulation rebuts the earlier RR No. 10-2015, banning thermal POS printers in lieu of dot matrix printers, which was then believed to be more resilient to fading, the BIR has finally allowed businesses to have the option to use the type of paper depending on their business requirements, subject to the retention and preservation of accounting records.

The recently released RR No. 16-2018 likewise allows customers who may need proof of payment to claim for expense may return the issued tape receipt to the seller and request for the issuance of a manual invoice or receipt. The seller can then issue manual invoice to replace the previously issued tape receipt.

As amended BIR requires all tape receipts issued to show the CRM/POS machine serial number in addition to earlier required information on the receipt.

The PRA had made strong representation with the BIR on the earlier regulation when it was issued in September 2015.

Click for the full copy of: RR No. 16-2018