BIR Ruling [UN-108-94]
BIR Ruling [UN-108-94] • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Mar 28, 1994
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March 28, 1994 BIR RULING [UN-108-94] Jardine Davies, Inc. Jardine Davies Building 222 Buendia Avenue Makati, Metro Manila Attention: Atty . J.C. Castaeda Gentlemen : This refers to your letter February 11, 1994, requesting that JMB Aircraft Corporation be authorized to adopt a computer-based accounting system to facilitate the recording and classification of taxpayer's daily financial transaction which will also reflect in a clear and concise manner its operations. cdtech In reply, please be informed that your request is hereby granted subject to the following conditions which JMB Aircraft Corporation must comply, viz: (1) A readable print-out of the information/accounting data should be made available/verifiable; and (2) Diskettes containing records, classification and summary of transactions shall be subject to examination and inspection of internal revenue officers as if they are the traditional books of accounts, in accordance with Section 235 of the Tax Code, as amended. Very truly yours, ALICIA P. CLEMENO Officer-in-Charge (Legal Service)
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