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Tax Notes

New way of registering books of accounts via BIR’s ORUS

18 Jan 20231 min read

Contents

The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 3- 2023 to amend Section 2 of RMC No. 19-2019, which provides that all books of accounts shall be registered online through the BIR’s Online Registration and Update System (ORUS) facility. A Quick Response (QR) code will be generated as proof of registration.

RMC No. 3-2023 further reiterated the deadline and frequency of registering the books of accounts as follows:

For New Business Registrants

Manual Books of Accounts
- Deadline: Before the deadline for filing of the initial quarterly or annual income tax return, whichever comes earlier
- Frequency: Before the full consumption of the pages of the previously registered books

For Existing Business Taxpayers or Subsequent Registration

Manual Books of Accounts
- Deadline: Before the use of books
- Frequency: Before the full consumption of the pages of the previously registered books
Permanently Bound Loose Leaf of Accounts
- Deadline: Within 15 days after the end of each taxable year or within 15 days from the closure of business operations, whichever comes earlier, unless extended by the BIR, upon the request of taxpayer before the lapse of the said period
- Frequency: Annual
Computerized Books of Accounts
- Deadline: Within 30 days after the end of each taxable year or within 30 days from the closure of business operations, whichever comes earlier, unless extended by the BIR, upon the request of taxpayer before the lapse of the said period
- Frequency: Annual

Furthermore, it is not necessary to register new sets of manual books of accounts every year.

Prior to the issuance of RMC No. 3-2023, the manual stamping of accounts is needed to register the books of accounts.

Please be guided accordingly.

Source:

P&A Grant Thornton

Certified Public Accountants

P&A Grant Thornton is the Philippine member firm of Grant Thornton International Ltd.

As published in SunStar Cebu, dated 18 January 2023

New way of registering books of accounts via BIR’s ORUS

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New way of registering books of accounts via BIR’s ORUS

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