Reduction of Compromise Penalty for Violations of RR No. V-1 (Bookkeeping Regulations)

January 6, 1958 BIR RULING NO. 004-58 The Regional Director BIR Regional District No. 3 Manila S i r : This is with reference to the memorandum dated July 29, 1957, of the Chief, Legal Branch, Manila, recommending the reduction of compromise penalty for violations of Revenue Regulations No. V-1 (Bookkeeping Regulations), as amended by Revenue Regulations No. V-13. Authorities cited in said memorandum sustain the right of the Government to enforce the abovementioned regulations. The fact that this Office did not enforce the provision of Section 6 of the Bookkeeping Regulations strictly in previous years, is not sufficient reason to warrant the reduction of the graduated penalty embodied in General Circular No. V-236. In view thereof, the approved schedule of compromise should be enforced. LexLib Very truly yours, (SGD.) JOSE ARAAS Collector of Internal Revenue