BIR Regulations Affecting Retail
PHILIPPINE RETAILING
Cover Story 1ST QUARTER 2018
PRA honors PH’ s retail icons
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Ms. Teresita Sy-Coson as the Philippines Retailing‘ s Woman Visionary Leader Dr. Andrew Tan as the Pillar of Mixed-use Development Mr. Lucio Co as the Patron of Micro-Retail Entrepreneurship Mr. William Belo as the Patriarch of Home-Building Retail
The coffee table book also contains remarkable milestones in the Philippine retail industry and the PRA‘ s history in the last 40 years. The publication is the brainchild of PRA Board members – Mr. Mars Chua and Mr. Jorge Mendiola.
Moreover, the coffee table book is the retail industry’ s way to recognize the success stories of the President’ s Awardees and to celebrate their relentless dedication and invaluable contributions to the retail industry.
“ As the Philippine retail industry continues to grow and expand, the PRA salutes and praises our 12 retail icons for building the path to success--- not only for the industry, but for the nation as a whole,” Mr. Mendiola said.
“ Through your businesses, you were able to change peoples’ lives for the better, as well as drive the nation’ s economic growth. There is a vast ripple effect to every success and milestone that each one of our retail pioneers achieved,” added Mr. Chua.
Through the commemorative publication, the PRA aims to immortalize the 12 President’ s awardees’ contributions to the retail industry in print that can be read and shared to many other Filipinos who can be touched by their real life stories.
PRA TO HELP HS STUDENTS GAIN INTERNSHIP IN RETAIL
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graduating high school students gain experience in and learn work ethics and prepare them for the real world.
Through the new partnership, PRA and PPH will connect students with PRA member-companies where they can observe the actual working environment and enhance their technical skills based on the specialization they are taking.
PRA President Santos said he hopes that this program will help students develop good working habits in the future as well as gain appreciation for work.
“ We are delighted to take part in this initiative as part of our corporate social responsibility and our commitment to create a positive impact on the community, especially to young people,” he said.
BIR Regulations Affecting Retail
1. Revenue Regulations( RR) No. 10- 2015 – Prescribes the use of nonthermal paper for all CRM, POS and other invoice / receipt generating machine / software;
2. RR No. 4-2013- Amending Certain Provisions of Revenue Regulations No. 11-2004 prescribing the Machine Identification Number( MIN) Sticker for the Use of CRM, POS System Machines and / or Business / Sale Machines Generating Receipts / Invoices
3. RR No. 11-2004- Prescribes the rules and regulations on the accreditation, registration and use of CRM, POS System Machines and / or Business / Sale Machines Generating Receipts / Invoices
4. Revenue Memorandum Order( RMO) No. 12-2012- Prescribes the guidelines and procedures in the implementation of the Electronic Sales Reporting by taxpayers using CRM, POS System Machines and / or Business / Sale Machines Generating Receipts / Invoices and for other purpose;
5. RMO No. 10-2005- Prescribes the policies and procedures in the accreditation of CRM, POS, other sales machines including sales receipting system software as well as registration for the use thereof pursuant to RR Nos. 11-2004 and 5-2005;
6. Revenue Memorandum Circular( RMC) No. 55-2016- Clarifies the five-year validity period of Certificate of Accreditation issued to developers / dealers / supplier-vendors / pseudosuppliers of CRM / POS machines and other sales machines / receipting software;
7. RMC No. 68-2015- Mandates the accreditation of all CRM, POS machines and other sales machines / receipting software at the BIR National Office;
8. RMC No. 30-2015- Implements strict non-issuance of Provisional Permit to Use CRM / POS machines / receipting software to prospective / new users; and
9. RMC No. 45-2014- Prescribes the use of the enhanced and integrated Electronic Accreditation and Registration( eAccReg) and Electronic Sales Reporting( eSales) Systems.
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PRA to Elect New Board in Q2 Meeting
PRA members are set to choose once again a new set of Board of Directors for 2018-2020 at the next General Membership Meeting and Elections( GMME) on June 28, 2018.
Nominations will be opened starting March 28- April 28. All PRA regular members( retailers) in good standing are eligible to vote as well as become a candidate. Members are encouraged to actively get involved in the nomination and election process.
Fifteen( 15) Board of Directors will be elected. The new Board will vote among themselves the new set of officers for the new term.
Members eligible to vote are encouraged to personally attend the meeting on June 28. Those who are not able to attend and vote may designate an official proxy to the PRA meeting.
For further inquiries and details on the election, contact the PRA Executive Secretariat and look for Ms. Norie Martinez at 687-4181 and / or email at ncm _ philretailers @ yahoo. com.