BIR Accredited Form and Receipts
Not all printers can make official receipts. The printing company must be accredited by the BIR and must have an Authority To Print in order to supply O.R.'s to the public.
Unit of Measure Name:
bookles
Official Receipts
An Official Receipt is a document that proves that there is a sale of service or product. If you will receive funds from another person or business entity, you are required to issue a receipt for every sale of service or product. Whether you are a single proprietorship, a partnership, a cooperative or a corporation, the Bureau of Internal Revenue of the Philippines requires that you have an official receipt made within 1 month of establishing a new business entity. Failure to produce an official receipt within that 1 month will result in penalties of Php 10,000.00 or more, depending on the delay.
If you don't issue a receipt for a transaction, you will incur a criminal penalty fine of at least Php 10,000.00 but not more than Php 50,000.00 and imprisonment of not less than four years.