UNO High School, Incorporated is Required to Present Its Books of Accounts and Receipts to the Collector of Internal Revenue

May 5, 1960 BIR RULING NO. 230-60 Atty. Engracio Fabre Tabre Law Office Suite 262 Regina Bldg. Escolta, Manila S i r : Reference is made to your letter dated April 21, 1960, requesting whether or not the UNO High School, Incorporated, a stock and profit corporation is required to register its books before the opening of the school year and to submit receipts of the tuition fees it will receive from its students. In reply thereto, I have the honor to quote hereunder a portion of the pertinent provision of Section 19, Revenue Regulations No. V-I, as amended by Revenue Regulations Nos. V-35 and V-45. "Section 19. Prior approval and registration of books of accounts, registers, records, invoices and receipts . Persons required to keep books of accounts, internal revenue books, records of receipts and disbursements, additional registers and other records, invoices and receipts for recording their transactions as prescribed in these regulations, shall, before using any of the aforesaid books, records, registers, invoices or receipts, first present them to the Collector of Internal Revenue, if the place of business is in Manila, or to the provincial or city treasurer, if in the province for approval and registration." xxx xxx xxx. "A draft copy of . . . receipts proposed to be used by the persons required to keep books of accounts and records prescribed by these regulations shall first be presented to the Collector of Internal Revenue, if the place of business is in Manila, or to the provincial revenue officer or to the deputy provincial or city treasurer, if in the province, for approval. All approved draft copies of . . . receipts shall be recorded in a register showing such data as the date of approval, the name, address and the kind of business of the taxpayer, the schedule, paragraph, and the number of his privilege tax receipt. No change shall be made in the form or type of . . . receipt shall be used by the said person without prior approval as required herein. Every . . . receipt must be serially numbered." In accordance with the above/quoted provision of Bookkeeping Regulation, your client, the UNO High School, Inc., is required to present its books of accounts and receipts to the Collector of Internal Revenue, (now Commissioner) if the place of business is in Manila, or to the deputy; provincial or city treasurer, if in the province for approval and registration before using any of such books and receipts. cdll Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue