Special InTAX: June 2020 Issue 1 | Volume 3

InTAX is an official publication of R.G. Manabat & Co.'s Tax Group

InTAX is an official publication of R.G. Manabat & Co.'s Tax Group

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Bureau of Internal Revenue

 

The BIR issued Revenue Memorandum Circular (RMC) No. 59 – 2020, 29 May 2020, amending RMC No. 47-2020, relative to the temporary measures adopted by taxpayers in compliance with the receipting/invoicing requirements in relation to Republic Act No. 11469, also known as “Bayanihan to Heal as One Act”.

The same workaround procedures applicable to taxpayers registered in areas under Enhanced Community Quarantine (ECQ) shall apply to taxpayers registered in areas under Modified Enhanced Community Quarantine (MECQ).  Taxpayers who adopted such workaround procedures are required to submit their Summary of Temporary Receipts /Invoices issued within ninety (90) days from the date of the lifting of the ECQ or MECQ.

On the other hand, business entities registered in areas under General Community Quarantine (GCQ) or Modified General Community Quarantine (MGCQ) shall discontinue the use of these temporary measures.

The RMC shall take effect immediately.

 

Attached is the full text of the issuance.

RMC 59-2020

 

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