Amendments to Revenue Regulations No. V-62

April 6, 1959 REVENUE REGULATIONS NO. V-66 SUBJECT : Amendments to Revenue Regulations No. V-62 TO : All Internal Revenue Officers and Others Concerned The following regulations, amending Revenue Regulations No. V-62, are hereby promulgated and shall be known as Revenue Regulations No. V-66. SECTION 1. The subject of Revenue Regulations No. V-62 is hereby amended to read as follows: "SUBJECT : Regulations governing the business of wholesale dealers in liquors, fermented liquors, wines, and tobacco" SECTION 2. The introductory paragraph of Revenue Regulations No. V-62 is hereby amended to read as follows: "Pursuant to the provisions of Section 338 in relation to Section 157 of the National Internal Revenue Code, the following regulations which shall govern the business of wholesale dealers in liquors, fermented liquors, wines, and tobacco products, are hereby promulgated, and shall be known as Revenue Regulations No. V-62." SECTION 3. Section 1 of Revenue Regulations No. V-62 is hereby amended to read as follows: "Section 1. Definition of terms. The following terms shall have the meaning as indicated: (a) Wholesale liquor dealer comprehends every person who for himself or on commission sells or offers for sale wines or distilled spirits (other than denatured alcohol) in larger quantities than five liters at any one time, or who sells or offers the same for sale for the purposes of resale, irrespective of quantity. (b) Wholesale dealer in fermented liquor means any one who for himself or on commission sells or offers for sale fermented liquors in larger quantities than five liters at any one time, or who sells or offers for sale such fermented liquors (excluding tuba, basi, tapuy, and similar domestic fermented liquors) for the purpose of resale, regardless of quantity. SATDEI (c) Wholesale tobacco dealer comprehends every person who for himself or on commission sells or offers for sale cigars, cigarettes or manufactured tobacco in larger quantities than two hundred cigars, eight hundred cigarettes or five kilos of manufactured tobacco at any one time, or who sells or offers the same for the purpose of resale, regardless of quantity." SECTION 4. Section 2 of Revenue Regulations No. V-62 is hereby amended to read as follows: "Section 2. Fixed business establishment subject to approval of the Commissioner of Internal Revenue. Every person intending to engage in business as a wholesale dealer under these regulations shall file a written application therefor in triplicate with the Commissioner of Internal Revenue, if in Manila, or with the Regional Director, through the Provincial Revenue Officer, if in the province. A sketch of the premises of the fixed business establishments, indicating the portions thereof or places therein where the articles to be dealt in are to be stored or kept, shall be attached thereto." SECTION 5. Section 5 of Revenue Regulations No. V-62 is hereby amended to read as follows: "Section 5. Keeping of official register book. (a) Wholesale dealers under these regulations shall keep an official register book (BIR Form No. 31.77) which shall be open at all times to inspection by internal revenue officers. Said official register book shall be secured free of charge from the Commissioner of Internal Revenue, if in Manila, and from the Regional Director or Provincial Revenue Officer, if in the province. Upon delivery of the official register book to the wholesale dealer, the internal revenue officer effecting the delivery shall enter on the fly-leaf of the official register book, the date of delivery and the name of the wholesale dealer. The wholesale dealer shall then execute a certificate in triplicate attested to by the internal revenue officer delivering the official register book, to the effect that all the pertinent revenue laws and regulations and the use of the official register book have been fully explained to him, the original of which shall be pasted to the fly-leaf of the official register book. One copy of the certificate shall be forwarded to the Commissioner of Internal Revenue and the remaining copy shall be kept by the officer effecting delivery. The registered wholesale dealer shall, from day to day, or on such dates when transactions are made, enter in said register book on the 'debit' side and in the proper columns provided therefor, the date, the name and address of the seller and the respective quantity of articles purchased. When sales, transfers or issues are effected, the wholesale dealer shall enter in his register book on the 'credit' side and in the proper columns provided therefor, the date, name and address of the buyer and the corresponding quantity or articles sold. At the end of each month, the wholesale dealer shall strike the balance which shall be carried over as the first entry for the next succeeding month on the 'debit' side of the official register book. (b) Submission of monthly transcript sheets. Each wholesale dealer shall, within the first eight (8) days of each month, submit to the Commissioner of Internal Revenue, a true and exact transcript (BIR Form No. 31.77 ) of all entries made on both the 'debit' and 'credit' sides of the register book during the preceding month including entries made by any internal revenue officer. At the foot of the transcript sheet, the wholesale dealer shall certify that the entries contained therein are true and correct and are the exact reproduction of the entries shown in the corresponding official register book. Where there are no entries in the official register book for the month due to temporary suspension of activities and transactions, the monthly transcript sheet shall nevertheless be submitted. (c) Requisition of new register book. When all the pages in the official register book shall have been filled up, the wholesale dealer shall secure a new book. The balances of each column in the completed register book shall be carried over to the new register book. TaDAHE (d) Neatness of entries. Entries in the official register book shall be made in a neat and orderly manner and should not contain any erasure or alteration." SECTION 6. Section 6 of Revenue Regulations No. V-62 is hereby amended to read as follows: "Section 6. Sign to be displayed. Every wholesale dealer covered by these regulations shall place and keep on the outside of the building where its business is carried on, a conspicuous sign in plain letters not less than six (6) centimeters high, his name, and the words: 'Registered Wholesale Dealer in ________________ (name of article) ' with the corresponding schedule, paragraph and assessment number underneath." SECTION 7. Section 8 of Revenue Regulations No. V-62 is hereby amended to read as follows: "Section 8. Registration of name or style with provincial revenue agent or provincial treasurer. Every wholesale dealer covered by these regulations shall, on or before the commencement of his business or occupation register with the provincial revenue officer, if in the province, or with the Commissioner of Internal Revenue, if in Manila, within ten days after securing his privilege tax receipt, his name or style, place of residence, and the place where such business or occupation is carried on. In case of a firm, the various persons constituting the same shall also be registered." SECTION 8. Section 9 of Revenue Regulations No. V-62 is hereby repealed. SECTION 9. Date of Effectivity. These regulations shall take effect upon promulgation in the Official Gazette. (SGD.) JAIME HERNANDEZ Secretary of Finance RECOMMENDED BY: (SGD.) JOSE ARAAS Commissioner of Internal Revenue