13 Mar 2021
Here’s the reason why you need to stop issuing BIR Form 2306
Do you still prepare BIR Form 2306 until now? Do you still issue it to your suppliers and the same is still accepted? If it is, then you and your suppliers might not have read the Circular of the Bureau of Internal Revenue (BIR) which discontinued the use of the form. In your next transaction, stop using the form as it is no longer required to be prepared and issued. The BIR issued Revenue Memorandum Circular (RMC) No. 36-2021 to discontinue the use of BIR Form 2306 and provides guidelines on shifting from Final to a Creditable System on the...