Tax Reform for Acceleration and Inclusion (TRAIN) Law

August 29, 1967 BIR RULING NO. 029-67 Mr. Sotero T. Sequi 10 North Lawin Philamlife Homes Quezon City S i r : This refers to your letter dated July 29, 1967 requesting information as to whether or not professionals like lawyers, doctors, CPA's, etc. are required to record the residence certificate number of their clients and/or patients on the official receipts issued upon receipt of a fee exceeding P50.00. In reply thereto, I have the honor to inform you that Section 204 of the Tax Code, as amplified by Section 15 of Revenue Regulations No. V-1, otherwise know as the Bookkeeping Regulations, provides, among others, that all person subject to an internal revenue tax shall, for each sale or transfer of merchandise or for services rendered in the amount of P50.00 or more, further indicate in the invoice or receipt issued the name or style, if any, and business address of the purchaser, customer or client and the number, date, and place of issue of his residence certificate. Such being the case, your inquiry is answered in the affirmative. However, the residence certificate need not appear in the invoice or receipt when the other party to the transaction is a corporation or registered partnership or association. Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue