Registration of Books of Accounts

September 24, 1987 REVENUE REGULATIONS NO. 06-87 SUBJECT : Registration of Books of Accounts TO : All Internal Revenue Officers and Others Concerned Pursuant to the authority granted in Section 277 of the National Internal Revenue Code of 1977, as amended, in relation to Section 4 thereof, the following regulations governing the procedure in the registration of Books of Accounts is hereby promulgated. acd OBJECTIVES : This regulation is designed to make registration of Books of Accounts more accessible and less burdensome to taxpayers living in far-flung municipalities than the present system where registration is being done in the Revenue District Office only. cd SECTION 1 . Amendment . The first paragraph of Section 19 (a) of Revenue Regulations No. V-1, as amended, is hereby further amended to read as follows: "a) In general . Persons required to keep books of accounts, internal revenue books, records of receipts and disbursements, additional registers and other records, for recording their transactions as prescribed in these regulations, shall before using any of the aforesaid books, records, registers, first present them to the REVENUE COLLECTION AGENT WHERE HIS PRINCIPAL PLACE OF BUSINESS IS LOCATED for approval and registration." SECTION 2 . Repealing Clause . All existing rules and regulations or parts thereof which are inconsistent with the provisions of these regulations are hereby revoked. cdt SECTION 3 . Effectivity . These regulations shall take effect upon approval. APPROVED: (Sgd.) Victor C. Macalinag Officer-In-Charge Department of Finance Recommending Approval: (Sgd.) Bienvenido A. Tan, Jr. Commissioner