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    E Invoicing PDF

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    E Invoicing PDF

    Uploaded by

    Monica Soriano
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    E-invoicing .pdf

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    E Invoicing PDF

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    Monica Soriano

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    09/21/2018 Consultative Forum with the Taxpayers eINVOICING and eSALES mien ERORTLUN GSMS LEM seesseemcen September 21, 2018 ay: ATTY. BEVERLY S. MILO HEAD REVENUE EXECUTIVE ASSISTANT Lance TAXPAYERS SERVICE (LTS) ~ ProRAMs AND COMPLIANCE BUREAU OF INTERNAL REVENUE (BIR) Fae \. Consultative Forum with the Taxpayers eINVOICING and eSALES REPORTING SYSTEM TYPE/METHOD OF INVOICING/RECEIPTING 1. Manual a) Hard Bound; and b) Loose-leaf. 2. Electronic a) Cash Register Machine (CRM); b) Point-of-Sale (POS); c) Other Sales Receipting Software (OSRS); and d) Computerized Accounting System. 09/21/2018 i) CContaive Forum withthe Taxpayers- INVOICING and eSAlES REFORTING SYSTEM REQUIREMENTS BEFORE USE/ISSUANCE OF AUTHORITY 1. Manual a) Approval of Authority to Print (ATP) Receipt/Invoice; and b) Printers Certificate of Delivery (PCD). 2. Electronic a) CRM/POS/OSRS = Approval of Certificate of Accreditation for the software/system/machine provider; * Issuance of PTU to the user of the software/system/machine; Ke) ‘Consitative Farum withthe TapayeseINVOICING and eSALES REPORTING SYSTEM Registration/enrollment with eAccReg and eSales Reporting system; and = Submission of monthly sale thru eSales Reporting System. b) Computerized Accounting System (CAS) = Issuance of permit to use (PTU) capturing the series range of the invoice/receipt; and = Not covered by eAccReg and eSales Reporting. 09/21/2018 ‘Consultative Forum with the Taxpayers INVOICING and SALES REPORTING SYSTEM EJ) TRAIN LAW PROVISIONS SECTION 73. Section 237 of the NIRC, as amended, is hereby further amended to read as follows: “SEC. 237. Issuance of Receipts or Sales or Commercial Invoices.— “(A) Issuance.— All persons subject to an internal revenue tax shall, at the point of each sale and transfer of merchandise or for services rendered valued at One hundred pesos (P100) or more, issue duly registered receipts or sale or commercial invoices, showing the date of transaction, quantity, unit cost and description of merchandise or nature of service: Provided, however, That where the receipt is issued to cover payment made as rentals, commissions, compensation or fees, receipts or invoices shall be issued which shall D\, Consultative Forum with the Taxpayers - eINVOICING and eSALES REPORTING SYSTEM TRAIN LAW PROVISIONS show the name, business style, if any, and address of the purchaser, customer or client: Provided, further, That where the purchaser is a VAT-registered person, in addition to the information herein required, the invoice or receipt shall further show the Taxpayer Identification Number (TIN) of the purchaser. “within five’ (5)years from the effectivity of this Act and upon the establishment of a system ‘capable of storing and processing the required data. the Bureau shall require taxpayers engaged in the 0. d servi com an ers und jurisdi re rt issue electronic receipts or sales or commercial invoices in lieu of 09/21/2018 ‘Consultative Forum with the Taxpayers INVOICING and eSALES REPORTING SYSTEM, TRAIN LAW PROVISIONS S manual receipts or sales or commercial invoices subject to rules and regulations to be issued by th; Secretary of Finance upon recommendation of the Commissioner and after a public hearing shall have been held for this purpose: Provided, That taxpayers not covered by the mandate of this provision may issue electronic receipts or, sales or commercial invoices, in lieu of mm receipts, and sales and commercial invoices. “The original of each receipt or invoice shall be issued to the purchaser, customer or client at the time the transaction is effected, who, if engaged in business or in the exercise of profession, shall keep and rve the same in his place of business for a period of thr ears from the close of the taxable year in which such ‘Consultative Forum wit the Taxpayers- INVOICING and SALES REPORTING SYSTEM. S| A 2) TRAIN LAW PROVISIONS invoice or receipt was issued, while the duplicate shall be kept and preserved by the issuer, also in his place of business, for a like period: Provided, That in case of electronic receipts or sales _or commercial invoices, the digital records of the same shall be kept by the purchaser, customer or client and the issue! he same period above stated. “The Commissioner may, in meritorious cases, exempt any person subject to internal revenue tax from compliance with the provisions of this Section.” 09/21/2018 RuEZ) TRAIN LAW PROVISIONS SECTION 74. A new section designated as Section 237-A under Chapter Il, Title IX of the NIRC, as amended, is hereby inserted to read as follows: “SEC. 237-A. Electronic Sales Reporting System.— Within five (5) years from the effectivity of this Act and upon the establishment of a system capable of storing and processing the required data, the Bureau shall require taxpayers engaged in the export of Is an aye juris i th L J ervi ic: rt their sale: w au I ic_poil sal systems, subject to rules and regulations to be issued by the Secretary of Finance as recommended by the Commissioner GD) camtnt Fown wh te Tare eNVOCNC nd SALES RPORTING STEM So TRAIN LAW PROVISIONS of Internal Revenue: Provided, le i i devi iL mer al e} _ i ces Si I 2 310} i 7 ie “Data. 70. NU 0 THEA ce E\ r 0) tis fi “The Bureau shall also establish policies, risk management approaches, actions, trainings, and technologies to protect the cyber environment, organization, and data in compliance with Republic Act No. 10175 or the “Cybercrime Prevention Act of 2012.” ‘Conn Form wih the Taxpayers -eINVOIGNG and eSALES REPORTING SYSTEM S| 09/21/2018 Consultative Forum with the Taxpayers INVOICING and eSALES REPORTING SYSTEM. >. RAIN LAW PROVISIONS « yy) ae SECTION 78. A new section designated as Section 264-A under Chapter Il, Title X of the NIRC, as amended, is hereby inserted as follows: “SEC. 264-A. Failure to Transmit Sales Data Entered on Cash Register Machine (CRM)/Point of Sales System (POS) Machines to the BIR's Electronic’ Sales Reporting System.— Any taxpayer required to transmit sales data to the Bureau's electronic sales reporting system but fails to do so, shall pay, for each day of violation, a penalty amounti ne-tent ercent (1/10 of 1%) of the | net income as reflected i aver’s audi \cial statemen the second year preceding the t taxabl sh day of viol: r Ten thousand pesos (P10,0 jichever is higher: Provided, That should Be aggregate pumbee of days of violation eo ei fn 180) taxable. an_additio1 of re_of the ane shall be ee Provided, oe That if the ee to transmi due to force majeure or any causes beyond the control of the taxpayer the penalty shall notapply.” TA Consultative Forum with the Taxpayers-eINVOICING and SALES REPORTING SYSTEM es MANDATE OF THE LAW SUMMARY « y) 1, Issuance of Electronic Invoicing/Receipts; 2. Establishment of a System capable of storing and processing the required data within five (5) years from effectivity of the Act; 3. Initial Coverage: a) Taxpayers engaged in the Export of Goods and Services; b) Taxpayers engaged in e-Commerce; and c) Taxpayers under the jurisdiction of the Large Taxpayers Service. 4. Electronic Sales Reporting - electronically report their sales data to the Bureau thru use of electronic point of sales system. > The machines, fiscal devices and fiscal mining devices shall be at expense of taxpayers. 09/21/2018 ‘Consultative Forum with the Taxpayers eINVOICING and eSALES REPORTING SYSTEM PROJECT FOR IMPLEMENTATION BASED ON TRAIN 1. Electronic Invoicing (elnvoicing) Some Technical Definitions are provided below: a) The exchange of the invoice/receipt document between a supplier and a buyer in an integrated format. b) Delivery of bills and related information by an enterprise to its clients using electronic communications, usually the Internet. *TRAIN PROVISION - it includes all electronic receipts/ invoicing facilities in lieu of manual receipts/invoices. ‘Consuftatve Forum with the Taxpayers eINVOICING and eSALES REPORTING SYSTEM PROJECT FOR IMPLEMENTATION BASED ON TRAIN 2. eSales Reporting - currently refers to the submission of Sales Report per machine registered with Electronic Accreditation and Registration (eAccReg) System through enrollment of authorized user in the eSales System. *TRAIN ‘Provision - system capable of storing and processing the required data from taxpayer's sales transactions. Taxpayers are required to electronically : report their sales to the BIR through the use of electronic point of sales systems. 09/21/2018 Comte Forum nh he Tapa oVOICNG 3

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