The Bureau of Internal Revenue Commissioner Romeo D. Lumagui Jr. exempted small farmers from issuing receipts.
BIR Commissioner Romeo Lumagui Jr. issued Revenue Regulation No. 12-2023 exempting from issuing receipts individuals who are suppliers/producers/sellers, contract growers and millers of agricultural food products whose annual gross sales/receipts do not exceed P1 million.
“Small farmers do not need to issue receipts. The BIR will do its part in making the lives of our farmers easier. The BIR will only require receipts if their annual gross sales/receipts exceed P1 million,” Lumagui said.
Lumagui said as part of the agency’s commitment to Ease of Doing Business and Taxpayer’s Service, the BIR removed the requirement of principal and supplementary gross sales/receipts for the sale of agricultural food products by the small farmers.
Agricultural food products refer to products in their original state which are generally used for yielding or producing food for human consumption such as farm produce, livestock, poultry, marine product, ordinary salt, and agricultural inputs. Products that have undergone the simple process of preparation or preservation for market are also covered.