Authority to Adopt a Computer-Based Accounting System
BIR Ruling No. 055-90 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Apr 10, 1990
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April 10, 1990 BIR RULING NO. 055-90 235 011-88 055-90 Gentlemen : This refers to your letter dated January 22, 1990 requesting in behalf of your client, Philippine Electric Corporation, for authority to adopt a computer-based accounting system in lieu of the standard accounting records. cdta In reply, please be informed that your request is hereby granted subject to the fulfillment by your client following conditions: 1. A readable printout of the information/accounting data should be made available or verifiable; and 2. Diskettes containing records, classification and summary of transactions shall be subject to examination and inspection of internal revenue officers as if they are the traditional books of accounts, in accordance with Section 235 of the Tax Code. cdtech Very truly yours, (SGD.) JOSE U. ONG Commissioner
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