The bureau has issued Revenue Memorandum Circular (RMC) No. 37-2016 for the update of the List of Documentary Requirements for the Registration of Each Type of Application under "Annex A" of Revenue Regulations (RR) No. 7-2012, as Amended by Revenue Memorandum Circular (RMC) No. 70-2013.
It is stated in circular of the Documentary Requirements for New Registration of Books of Accounts with details as follows:
Manual Books of Accounts
1. New sets of permanently bound books of accounts;
2. Official Appointment Book (for Professionals only); and
3. Current year proof of payment - Annual Registration Fee (BIR Form No. 0605).
Manual Loose-Leaf Books of Accounts and/or Official Receipts or Sales Invoices
1. Permit to Use Loose-Leaf Book of Accounts and/or Official Receipts or Sales Invoices;
2. Permanently bound Loose Leaf Books of Accounts and/or Official Receipts or Sales Invoices;
3. Affidavit attesting the completeness, accuracy and correctness of entries in Books of Accounts and/or Official Receipts or Sales Invoices and the number of Loose Leaf used for period covered; and
4. Current year proof of Payment - Annual Registration Fee (BIR Form No. 0605).
Computerized Books of Accounts
1. Computerized Accounting System (CAS)/Computerized Books of Accounts (CBA) and/or its Components Permit;
2. DVDs containing Electronic Books of Accounts and Records. The DVDs should be properly authenticated and its labels duly signed by the responsible official(s) of the company who are required to sign the tax returns under the Tax Code, using a permanent marker.
3. Affidavit attesting the completeness, accuracy and appropriateness of the computerized accounting books/records, in accordance with the keeping of books of accounts and records for internal revenue tax purposes; and
4. Current year proof of Payment - Annual Registration Fee (BIR Form No. 0605).
Please refer http://www.bir.gov.ph/images/bir_files/internal_communications_2/RMCs/RMC%20No%2037-2016.pdf of the full text of RMC No. 37-2016.
