RR No. 07-99: Amends further Revenue Regulations No. 7-95 relative to the submission of the Summary Lists of Sales and Purchases in magnetic form

Key points

1. How to submit. Computerized VAT taxpayers submit the lists in magnetic form using 3.5-inch floppy diskettes to the Revenue District Office with jurisdiction over the place of business. They may instead use Electronic Data Transmission to the National Office Information Systems Operations Service.
2. Deadline. Submission is on or before the last day of the month right after the close of each calendar quarter.
3. File format. The list must follow the magnetic file format prescribed in Annex A of the Regulations.

Who is affected

• Computerized VAT taxpayers

Deadlines and effectivity

• On or before the last day of the month following each calendar quarter