BIR Ruling No. 370-61

September 27, 1961 BIR RULING NO. 370-61 The Regional Director Regional District No. 1 Baguio City S i r : Reference is made to your letter dated June 26, 1961, informing us that you have received several requests for authority to use loose-leaf invoices. As you cannot find any precedent on the matter, the same has been referred to us for a ruling. In the meantime, however, you have denied said requests on the ground that under Section 15 of the Bookkeeping Regulations, invoices or receipts are required, among other things, to be "bound in the form of booklets or pads". cdta In answer thereto, you are informed that this Office has, in meritorious cases, permitted taxpayers to use loose-leaf invoices or receipts, subject to the condition that a sworn certificate attesting to the number of pages used during a given calendar or fiscal year is submitted within fifteen (15) days after said year. In meritorious cases, however, and upon request made before the lapse of the fifteen-day period, this Office extends such period. As authority to use loose-leaf invoices or receipts must always come from this Office, requests filed with that Office should be referred for investigation with a view to determining, among other things, whether or not the use by the taxpayer of bound invoices or receipts is impracticable. Thereafter, the request, together with your comment thereon, should be forwarded to this Office for approval or denial. Be guided accordingly. Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue