Section 36Sec./Art. 36

Section 238 of the National Internal Revenue Code of 1997, as amended, is hereby further amended to read as follows:

"Section 238. Printing of Sales or Commercial Invoices. - All persons who are engaged in business shall secure free of charge from the Bureau of Internal Revenue an authority to print sales or commercial invoices before a printer can print the same.

No authority to print sales or commercial invoices shall be granted unless the invoices to be printed are serially numbered and shall show, among other things, the name, Taxpayer Identification Number and business address of the person or entity to use the same, and such other information that may be required by the rules and regulations to be promulgated by the Secretary of Finance, upon recommendation of the Commissioner.

All persons who print sales or commercial invoices shall maintain a logbook/register of taxpayers who availed of their printing services. The logbook/register shall contain the following information:

(1) Names, Taxpayer Identification Numbers of the persons or entities for whom the sales or commercial invoices were printed; and

(2) Number of booklets, number of sets per booklet,, number of copies per set and the serial numbers of the invoices in each booklet."