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Books of Accounts and Accounting Records

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Keeping and Using of Books of Accounts All corporations, companies, partnerships or persons, required by law to pay internal revenue taxes shall keep and use relevant and appropriate set of bookkeeping records duly authorized by the Secretary of Finance wherein all transactions and results of operations are shown and from which all taxes due the…

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PLUS: GET YOUR FREE Revenue Regulation (RR) V-1
The Bookkeeping Regulations, as amended, Digital Copy
RR V-1 is one of the issuances where Revenue Officials and BIR Examiners refer to...
💥 when they are checking whether your business is complying with its Tax obligations,
💥 when they are verifying your Annual Inventory List (AIL) compliance,
💥 when they are inspecting your Books of Accounts,
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