Exemption from the Requirement of the Bookkeeping Regulations

June 15, 1959 BIR RULING NO. 282-59 Mr. Hun Quon C/o Astoria Bakery 1608-10 Tayuman M a n i l a S i r : Reference is made to your letter dated June 12, 1959 requesting exemption from the requirement of the bookkeeping regulations as regards the issuance of sales invoices in cases of sales of less than P2.00. You admit that your gross annual sales exceed P20,000.00. Ordinarily, therefore, you are required to issue a sales invoice on every sale you make regardless of the amount thereof. However, the regulations authorizes the Commissioner of Internal Revenue to exempt any person from compliance with this requirement in meritorious cases. Your reason for your request is that most of your sales are in amounts below P2.00 ranging from P0.05 up. In reply thereto, I have the honor to inform you that this Office, being cognizant of the fact that the bulk of the sales of bakeries located away from downtown Manila consist of small amounts, your request is hereby granted. However, your sales of less than P2.00 should be recorded immediately after they are effected in a record of petty sales the entries in which shall be summarized at the end of the day and the total transferred to the journal or internal-revenue sales book or book of receipts, pursuant to section 14 of the bookkeeping regulations. The petty sales books which you shall utilize for this purpose should be presented to this Office for approval and registration prior to their use. Very truly yours, (SGD.) JOSE ARAAS Commissioner of Internal Revenue