RMC No. 30-2018: Amends the documentary requirements for new business registrants

Key points

1. Books of Account removed. The Books of Account are no longer required to secure a Certificate of Registration and Authority to Print.
2. Registering the books. The taxpayer registers the Books of Account within thirty (30) calendar days from the date of business registration. Failure to do so is subject to penalties under existing revenue issuances.
3. Representative of an individual. An authorized representative must present a Special Power of Attorney (SPA) and an Identification Card (ID) of the authorized person.
4. Representative of a non-individual. An authorized representative must present a Board Resolution naming the representative, a Secretary’s Certificate, and the ID of the authorized person.

Who is affected

• New business registrants
• Authorized representatives transacting with the BIR for a taxpayer

Deadlines and effectivity

• Books of Account registered within 30 calendar days from business registration