BIR Clarifies Regulations Regarding the Removal of the Five–Year Validity Period of Receipts/Invoices

In Revenue Memorandum Circular No. 123-2-22, issued last August 31, 2022, the Bureau of Internal Revenue (BIR) clarified the provisions of Revenue Regulations (RR) No. 6-2022 relative to the removal of the five (5) – year validity period on receipts/invoices, which shall took effect last July 16, 2022.


The Memorandum sheds light on various matters, such as the coverage of the RR, the validity of receipts/invoices relative to their date of issuance, the process of surrendering unused and expired receipts/invoices, and the liabilities arising from violations of these regulations.


Read the full memorandum here.

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