BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Jan 27, 1976
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January 27, 1976 Holiday Swimming Pools, Inc. 7 Sunrise Drive, Santolan Road Cubao, Quezon City Attention: Mr . Benjamin C . Agatep Gentlemen : This refers to your letter dated December 22, 1975 requesting information whether a ruling has been issued requiring business establishments to have their books of accounts registered annually, even if said books have vacant pages where transactions can be entered. In reply, I have the honor to inform you that under Section 19 of Revenue Regulations No. V-1, as amended (Bookkeeping Regulations), books of accounts should be submitted to this Bureau for approval and registration prior to their use. This does not contemplate annual registration of books even if the current books still have vacant pages. The books of accounts registered with this Bureau and used for a particular year may be used in succeeding years as long as they have vacant pages without need of further registration or registering another book, provided that the portion pertaining to a particular year is properly labeled and marked. (BIR RULING NO. 447, S. 1960) Very truly yours, EFREN I. PLANA Acting Commissioner of Internal Revenue TAN-1456-040-3 "TAXPAYERS SHOULD INDICATE THEIR TAN IN ALL COMMUNICATIONS TO THE BIR."
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