Submission of Inventory Report and Notice in Compliance with Transitory Provisions of Revenue Regulations No. 7-2024
Relative to the implementation of the transitory provisions of Revenue Regulations (RR) No. 7-2024, as amended, taxpayers can convert unused Official Receipts/Billing Statement/Statement of Account/Statement of Charges into Invoices/Billing Invoices. Additionally, they are required to submit Inventory Report related to these conversions on or before July 31, 2024; and Notice on the renaming of Official Receipt/Billing Statement/ Statement of Account/Statement of Charges within thirty (30) days from the completion of machine/system reconfiguration/enhancement or on December 31, 2024, whichever comes first.
To streamline the process of report submission, taxpayers shall have the option to submit their Inventory Report and/or Notice being required under RR No. 7-2024 electronically: a) via email though Taxpayer Registration-Related Applications (TRRA) Portal which is accessible in the BIR Website under the eServices section (refer to Annex A for the User Guide; or b) via direct email of the Inventory Report and Notice to the Compliance Section of the Revenue District Office (RDO) – refer to Annex B for the List of Email Address of RDO’s Compliance Section.
Taxpayers without email or internet access may still manually submit their Inventory Report and Notice to the Compliance Section of the RDO where the concerned Head Office or Branch is registered.
All Concerned are hereby enjoined to be guided accordingly and give this Circular as wide a publicity as possible.
SEC Memorandum Circular No. 10 Series of 2026
Revenue Regulations No. 001-2026
SEC MEMORANDUM CIRCULAR NO. 9 – 2026 Filing of Annual Financial Statements and General Information Sheet
Revenue Regulations No. 029-2025
Revenue Regulations No. 28-2025
Revenue Regulations No. 27-2025 Amends Section 8 of Revenue Regulations No. 25-2003 on the Tax Treatment of Subsequent Sale, Transfer of Exchange of Tax-Exempt Automobile by a Tax-Exempt Person/Entity to a Non-Exempt Person/Entity
Revenue Regulations No. 26-2025 Amending the Transitory Provision of Revenue Regulations No. 11-2025 Extending the Compliance Period for Electronic Invoice Issuance by Covered Taxpayers
Live Webinar: PEZA Registered Entities: Taxation and Basic Reports
Live Webinar: Winning BIR Tax Assessments Series: Process, Remedies & Writing Effective Protest
Live Webinar: Basic Accounting & Tax Compliance for Digital Freelancers & Other Professionals Under 8% Tax Scheme
Live Webinar: Returns and Reports Preparation under eBIR Forms and Online Submissions
Live Webinar: Withholding Taxes, Subjects & Applications
Live Webinar: SEC Increase of Capitalization
Live Webinar: Basic Bookkeeping for Non-Accountants
Live Webinar: How to analyze Financial Statements Accounting for Correct Business Decision Making?
Live Webinar on Ph Payroll Computations and Taxation
Live Webinar: Value Added Tax: In and Out
Δ
Phone : (02) 5310-2239
Mobile : Smart: 0939-916-2952 Globe: 0967-497-4989
Email : info@taxacctgcenter.ph
© Tax and Accounting Center 2026. All Rights Reserved