The Bureau of Internal Revenue (BIR) issued Revenue Regulations No. 7-2014 (RR No. 7-2014) dated 7 July 2014 entitled “Prescribing the affixture of Internal Revenue Stamps on Imported and Locally Manufactured Cigarettes and the Use of the Internal Revenue Stamp Integrated System (IRSIS) for the Ordering, Distribution, and Monitoring Thereof”.
This Revenue Regulation No. 7-2014 in the Philippines is being issued in relation to Section 8 of Republic Act No. 10351 otherwise known as the “Sin Tax Law” providing for a mandate to prescribe, provide, and distribute, among others, internal revenue stamps with adequate security features for affixture on each pack of cigars and cigarettes. In relation to this, a new sofware, Internal Revenue Stamp Integrated System (IRSIS) had been developed for the ordering, distribution, and monitoring of such internal revenue stamps in the Philippines.