Important notification on data privacy and cookie notice
We use cookies to ensure you get the best experience on https://www.sunlifegrepa.com. By continuing to browse our site, you are agreeing to our use of cookies.
RE : COMPLIANCE WITH THE EASE OF PAYING TAXES (EOPT) ACT
Republic Act No. 11976, otherwise known as the Ease of Paying Taxes (EOPT) Act, was signed into law on 7 January 2024 and became effective on 22 January 2024. In accordance with its Implementing Rules and Regulations (IRRs) effective 27 April 2024, the invoice shall replace official receipts as the primary document evidencing the sale of services in the ordinary course of trade or business.
Moreover, the Bureau of Internal Revenue (BIR) allowed taxpayers with duly registered Computerized Accounting System (CAS) to reconfigure their systems on or before 30 June 2024, subject to an extension until 27 October 2024, to comply with the invoicing requirements.1
In line with this, please be advised that Sun Life Grepa will continue to issue duly registered official receipts while we reconfigure our systems to comply with the EOPT regulations. Please expect to receive a duly registered BIR invoice after we have reconfigured our systems and secured the necessary permits.
We are committed to ensuring that this will be a seamless transition for our clients. For any questions or concerns you may have on how we are operationalizing EOPT, please send your feedback to PHIL-EOPT.query@sunlife.com. This will help us refine our processes while implementation is ongoing and evolving.