Article 75p. 75

NATIONAL INTERNAL REVENUE CODE TAXATION, TARIFF and CUSTOMS LAWS

into a native language; English or Spanish, and the said

translation must be made by the bookkeeper, or such

taxpayer, or in his absence, by his manager and must be

certified under oath as to its correctness by the said

bookkeeper or manager, and shall form an integral part

of the aforesaid books of accounts. The keeping of such

books or records in any language other than a native

language, English or Spanish, is hereby prohibited.

SEC. 235. Preservation of Books and Accounts and

Other Accounting Records. - All the books of accounts,

including the subsidiary books and other accounting

records of corporations, partnerships, or persons, shall be

preserved by them for a period beginning from the last

entry in each book until the last day prescribed by

Section 203 within which the Commissioner is authorized

to make an assessment. The said books and records shall

be subject to examination and inspection by internal

revenue officers: Provided, That for income tax purposes,

such examination and inspection shall be made only

once in a taxable year, except in the following cases:

(a) Fraud, irregularity or mistakes, as determined by

the Commissioner;

(b) The taxpayer requests reinvestigation;

(c) Verification of compliance with withholding tax

laws and regulations;

(d) Verification of capital gains tax liabilities; and

(e) In the exercise of the Commissioner's power

under Section 5(B) to obtain information from other

persons

in

which

case,

another

or

separate

examination

and

inspection

may

be

made.

Examination and inspection of books of accounts

and other accounting records shall be done in the

taxpayer's office or place of business or in the office

of the Bureau of Internal Revenue. All corporations,

partnerships or persons that retire from business

shall,

within

ten

(10)

days

from

the

date

of

retirement or within such period of time as may be

allowed

by

the

Commissioner

in

special cases,

submit

their

books

of

accounts,

including

the

subsidiary books and other accounting records to

the

Commissioner

or

any

of

his

deputies

for

examination, after which they shall be returned.

Corporations

and

partnerships

contemplating

dissolution must notify the Commissioner and shall

not be dissolved until cleared of any tax liability.

Any provision of existing general or special law to the

contrary notwithstanding, the books of accounts and

other pertinent records of tax-exempt organizations or

grantees of tax incentives shall be subject to examination

by

the Bureau of Internal Revenue for purposes of

ascertaining compliance with the conditions under which

they have been granted tax exemptions or tax incentives,

and their tax liability, if any.

CHAPTER II ADMINISTRATIVE PROVISIONS

SEC. 236. Registration Requirements. -

(A) Requirements. - Every person subject to any internal

revenue tax shall register once with the appropriate

Revenue District Officer:

(1) Within ten (10) days from date of employment, or

(2) On or before the commencement of business,or

(3) Before payment of any tax due, or

(4) Upon filing of a return, statement or declaration

as required in this Code.

The registration shall contain the taxpayer's name, style,

place of residence, business and such other information

as may be required by the Commissioner in the form

prescribed therefor: Provided, That the Commissioner

shall

simplify

the

business

registration

and

tax

compliance requirements of self-employed individuals

and/or professionals. (as amended by RA No 10963)

A person maintaining a head office, branch or facility shall

register

with

the

Revenue

District

Officer

having

jurisdiction over the head office, brand or facility. For

purposes of this Section, the term ' facility ' may include

but not be limited to sales outlets, places of production,

warehouses or storage places.

(B) Annual Registration Fee - An annual registration fee

in the amount of Five hundred pesos (P500) for every

separate or distinct establishment or place of business,

including facility types where sales transactions occur,

shall be paid upon registration and every year thereafter

on or before the last day of January: Provided, however,

That

cooperatives,

individuals

earning

purely

compensation income, whether locally or abroad, and

overseas workers are not liable to the registration fee

herein imposed.

The registration fee shall be paid to an authorized agent

bank

located

within

the revenue district, or to the

Revenue Collection Officer, or duly authorized Treasurer

of the city of municipality where each place of business or

branch is registered.

(C) Registration of Each Type of Internal Revenue Tax. -

Every person who is required to register with the Bureau

of Internal Revenue under Subsection (A) hereof, shall

register each type of internal revenue tax for which he is

obligated, shall file a return and shall pay such taxes, and

shall

updates

such

registration

of

any

changes

in

accordance with Subsection (E) hereof.

(D) Transfer of Registration. - In case a registered person

decides to transfer his place of business or his head office

or branches, it shall be his duty to update his registration

status by filing an application for registration information

update in the form prescribed therefor.

(E) Other Updates. - Any person registered in accordance

with this Section shall, whenever applicable, update his

registration information with the Revenue District Office

where he is registered, specifying therein any change in

type and other taxpayer details.

(F) Cancellation of Registration. -

(1) General Rule. - The registration of any person

who ceases to be liable to a tax type shall be

cancelled upon filing with the Revenue District

Office where he is registered an application for

registration information update in a form prescribed

therefor.

(2) Cancellation of Value-Added Tax Registration. -

A VAT- registered person may cancel his registration

fo VAT if:

(a)

He

makes

written

application

and can

demonstrate to the Commissioner's satisfaction

the his gross sales or receipts for the following

twelve(12) months, other than those that are

exempt under Section 109 (A) to (U) (sic), will

not exceed One million five hundred thousand

pesos (P1,500,000) or

(b) He has ceased to carry on his trade of

business, and does not expect to recommence

any

trade or business within the next (12)

months.

The cancellation of registration will be effective from

the first day of the following month.

(G) Persons Required to Register for Value-Added Tax. -

[95]

(1)

Any person who, in the course of trade or

business,

sells,

barters

or

exchanges

goods

or

properties, or engages in the sale or exchange of

services, shall be liable to register for value-added

tax if:

(a)

His gross sales or receipts for the past

twelve (12) months, other than those that are

exempt under Section 109(A) to (BB), have

exceeded Three million pesos (P3,000,000); or

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