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BIR eases burden on small farmers with receipt exemption

The Bureau of Internal Revenue (BIR) has exempted certain agricultural producers from the obligation of issuing receipts.

In particular, the exemption applies to those whose annual gross sales or 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,” BIR Commissioner Romeo Lumagui Jr. said.

The agricultural food products encompass items in their natural state, primarily used for food production and human consumption. This category includes farm produce, livestock, poultry, marine products, ordinary salt, and agricultural inputs.

Moreover, products that have undergone simple processing or preservation for the market fall under the scope of this exemption.

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