SSS Guidelines on the Consolidated Loan Program with Condonation of Penalty
September 8, 2022
SEC UPDATE
October 27, 2022
The Bureau of Internal Revenue (BIR) has recently issued Revenue Memorandum Order (RMO) No. 43-2022 prescribing the policies, guidelines, and procedures in the issuance and use of “Notice to Issue Receipt/invoice” (NIRI) pursuant to Revenue Regulations (RR) No. 10-2019
The “Ask for Receipt Notice” previously issued to business taxpayers shall be valid until June 30, 2023, and shall be replaced through staggered issuance of NIRI to existing business taxpayers based on the ending digit of Taxpayer Identification Number (TIN), to wit:
1 and 2 – Beginning October 3, 2022
3 and 4 – Beginning November 2, 2022
5 and 6 – Beginning December 1, 2022
7 and 8 – Beginning January 2, 2023
9 and 0 – Beginning February 1, 2023
