BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Nov 16, 1977
Full text
November 16, 1977 Books of Accounts of Tax-Exempt Organizations This refers to your letter dated April 26, 1977 requesting this Office that in view of your tax-exempt status pursuant to Diplomatic Note No. 3061 and Republic Act No. 4169 you shall also be exempt from the requirements of prior approval and registration of Books of Accounts Registers, Records, Invoices and Receipts as provided for under Section 19 of Revenue Regulations No. V-1, as amended, otherwise known as the Bookkeeping Regulations. In reply thereto, I have the honor to inform you that your request is hereby granted as only persons or entities required by law to pay internal revenue taxes are required to keep said books of accounts. [Sec. 321 (formerly Sec. 334) Tax Code of 1977] cd
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