Amendment to Revenue Regulations No. 17-67

November 11, 1975 REVENUE REGULATIONS NO. 05-75 SUBJECT : Amendment to Revenue Regulations No. 17-67 (Revenue Tobacco Inspection Regulations) known as Revenue Tobacco Inspection Regulations on Leaf, Scrap, Partially-manufactured Tobacco and Tobacco Products; Grading, Classification, Inspection, Shipments, Exportation, Importation and the Manufacturers Thereof TO : All Internal Revenue Officers and Others Concerned Pursuant to the provisions of Section 338, in relation to Section 4 of the National Internal Revenue Code, the following regulations amending Section 13(c), Chapter V of Revenue Regulations No. 17-67, relating to the submission of Transcript Sheet, purchase invoice and/or abstract of purchases from farmers and farmers' cooperatives selling leaf tobacco to wholesale leaf tobacco dealers, are promulgated and shall be known as Revenue Regulations No. 5-75. SECTION 1. Section 13(c), Chapter V of Revenue Regulations No. 17-67, is hereby further amended to read as follows: Section 13(c) Submission of Transcript Sheet, Purchase Invoice and/or Abstract of Purchases : On or before the eighth (8th) day of each month, wholesale leaf tobacco dealers shall submit to the Revenue District Officer or BIR Collection Agent or, where no such agent is assigned, to the Municipal Treasurer within whose jurisdiction their business is located, a complete and exact transcript of their official register book or transcript sheets (BIR Form No. 31.47). The transcript sheet shall show all their transactions on leaf and partially manufactured tobacco received and removed during the month immediately preceding. The official transcript sheets shall be submitted for each month regardless of whether there were transactions or not. Each transcript sheet shall be signed by the Revenue District Officer or BIR Collection Agent or Municipal Treasurer receiving the same and the date of receipt shall be noted therein. IN ADDITION TO THE REQUIREMENTS STATED ABOVE, WHOLESALE LEAF TOBACCO DEALERS AND DULY AUTHORIZED BUYERS OF LEAF TOBACCO BUYING TOBACCO DIRECTLY FROM FARMERS OR FARMERS' COOPERATIVES SHALL LIKEWISE SUBMIT ON OR BEFORE THE EIGHTH (8TH) DAY OF THE MONTH TO THE AFORESAID BIR OFFICIALS A COPY OF THEIR PURCHASE INVOICES IN THE CASE OF PURCHASES FROM FARMERS AND AN ABSTRACT OF PURCHASES ACCOMPANYING THE GUIA, COVERING EACH SHIPMENT OF PURCHASED LEAF TOBACCO IN THE CASE OF FARMERS' COOPERATIVES. THE TRANSCRIPT SHEETS, COPIES OF THE PURCHASE INVOICES AND ABSTRACT OF PURCHASES RECEIVED BY SAID BIR OFFICIAL SHALL BE FORWARDED IMMEDIATELY TO THE SPECIFIC TAX BRANCH OF THE REGIONAL OFFICE, OR IN ITS ABSENCE, THE SAME SHALL BE FORWARDED DIRECT TO THE REGIONAL DIRECTOR, FOR COLLATION AND STATISTICAL DATA GATHERING. THE COPIES OF THE PURCHASE INVOICES AND ABSTRACT OF PURCHASES SHALL BE RETAINED IN THE REGIONAL OFFICE FOR USE IN THE INVESTIGATION OF THE INTERNAL REVENUE TAX LIABILITIES OF FARMERS AND RELATED TAXPAYERS. THE STATISTICAL DATA GATHERED SHALL IN TURN BE TRANSMITTED TO THE COMMISSIONER OF INTERNAL REVENUE. cdt SECTION 2. The provisions of existing regulations and all circulars or rulings issued which are inconsistent herewith are hereby repealed. SECTION 3. Date of Effectivity . These regulations shall take effect on January 1, 1976. CESAR VIRATA Secretary of Finance Recommended by: EFREN I. PLANA Acting Commissioner of Internal Revenue TAN 1456-040-3