Revenue Memorandum Circular No. 56 - 2014 dated 27 June 2014

7 July 2014

The Commissioner of Internal Revenue (“CIR”) has issued Revenue Memorandum Circular (“RMC”) No. 56-2014 dated 27 June 2014 (the “Circular”), further extending the deadline of the submission of sales reports to 31 July 2014.

The report to be submitted on 31 July 2014 shall include sales for the months of May and June 2014, and no penalties shall be imposed covering the submission. Sales for the month of July shall be reported on or before the 8th (for taxpayers whose last digit of the 9-digit TIN is even number) or 10th (for taxpayers whose last digit of the 9- digit TIN is odd number) day of August 2014.

This Circular also mandates all taxpayers with CRM/POS machines and other sales machines with manually issued Permits to Use (PTUs) to re-register in the enhanced and integrated eAccReg and eSales systems on or before 31 July 2014.