BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Jan 31, 1975
Full text
January 31, 1975 Sea-Land Service, Inc. Ermita Center, 1315 Roxas Blvd. Manila Attention: Mr . Jesus L . Maz Accounting Manager Gentlemen : In reply to your letter dated January 16, 1975, I have the honor to inform you that your request for authority to destroy some of your accounting records, other than books of accounts, even before the expiration of the five-year period prescribed by Section 337 of the Tax Code cannot be granted. Under said provision, you are required to preserve your books of accounts, including the subsidiary books, and other accounting records for a period of at least five (5) years from the last entry in each book. Said requirement is mandatory and this Office has no authority to shorten the said period. cdti Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue TAN 1601-593-5
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