Keeping of Duplicate Documents for at Least 5 Years from the Date of the Transaction

October 8, 1958 BIR RULING NO. 586-58 Sun Life Assurance Company of Canada P.O. Box 2998, Manila Gentlemen : This is with reference to your request that the register kept by you be considered as satisfactory evidence that the documents listed therein have been correctly stamped so long as the entries therein tally with those in the documentary stamp meter, and that you be exempted from the requirements of keeping the duplicate documents for at least five years from the date of the transaction. In reply thereto, I regret to have to inform you that your request cannot be granted because to do so would be in violation of the provisions of Section 21 of Revenue Regulations No. V-1, otherwise known as the "Bookkeeping Regulations". Very truly yours, (SGD.) MELECIO R. DOMINGO Acting Commissioner of Internal Revenue