The local subsidiary of Japanese tech giant Epson said it is ready to propagate the use of old reliable dot matrix technology in view of a new order from the Bureau of Internal Revenue (BIR) banning the use of thermal paper in issuing receipts.
The regulation, issued last Sept. 21, stated that all taxpayers (individuals or businesses) are required to preserve their books of accounts, including subsidiary books and other accounting records, for a period of ten years ? an impossibility with receipts printed on thermal paper.
As such, new business registrants must use non-thermal paper while existing registered taxpayers (who are currently using thermal receipts), have a three-year transition period to conform to the regulation.
Epson Philippines said customers using thermal POS (point-of-sale) printers can use its dot matrix technology for their POS systems.
Epson has been dominant in the dot matrix printer category in the Philippines for the past 17 years, holding an 96-percent market share. The print-outs from the dot matrix printers do not fade and are therefore perfect for financial record-keeping purposes, the company said.
Epson offers a range of technology solutions in POS systems, which includes its flagship model TM-U220 series. The receipt printer features is known for fast print speeds and two-color printing.
On the other hand, Epson?s TM-U950 multifunction POS printer is a high-performance 2.5 station printer that is ideal for large POS systems used by mass merchandisers and other large retailers.
Aside from receipts, it also handles a variety of printing formats including journals and slips. Other models include: TM-U295, TM-U590, and TM-U675.
The company also Epson has driver support for various platforms — ESC/POS, OPOS, Windows, JavaPOS, and Linux.