BIR Ruling No. 142-61

April 4, 1961 BIR RULING NO. 142-61 The Regional Director Regional District No. 3 Manila S i r : Reference is made to your letter dated March 1, 1961, suggesting the amendment of the Bookkeeping Regulations for the purpose of providing a penalty for failure to submit within the prescribed period the sworn certificate required of taxpayers authorized to use loose-leaf books of accounts or invoices. As reason for the suggestion you stated that the requirement, regarding the submission of said certificate is being ignored by those concerned. In answer thereto, your attention is invited to B.I.R. Rulings No. 416, s. 1959, and No. 351, s. 1960, wherein we held that repetition of the failure by a taxpayer to submit the abovementioned certificate on time will constrain this Office to revoke the authority granted to the taxpayer to use loose-leaf books of accounts or invoices, as the case may be. It is believed that strict and proper implementation of said rulings is enough to make the taxpayers concerned follow the requirement. Accordingly, we deem it unnecessary to recommend the amendment of the Bookkeeping Regulations for the purpose. Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue