Circularizing the Lists of Top Withholding Agents (TWAs)
July 1, 2022
Memorandum from the Cooperative Development Authority (CDA)
July 8, 2022
The Bureau of Internal Revenue (BIR) has recently issued Revenue Regulations (RR) No. 6-2022 removing the 5-year validity of receipts/invoices in line with RA 11032 or the Ease of Doing Business and Efficient Government Service Delivery Act of 2018.
The phrase “THIS INVOICE/RECEIPT SHALL BE VALID FOR 5 YEARS FROM THE DATE OF PERMIT TO USE/ATP” as previously required by prior regulations shall be omitted/disregarded.
The validity date on existing and unused receipts/invoices shall be disregarded and such may still be issued until fully exhausted.
Source BIR website: RR 6-2022 1.pdf
