Summary
RMC No. 65-2025 clarifies which types of books of accounts new business registrants may register with the BIR during business registration.
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Key points
- Types allowed. New registrants, with or without an existing TIN, may register Manual Books of Accounts, Loose-leaf Books of Accounts (LLBA), or Computerized Books of Accounts (CBA).
- Permits for LLBA and CBA. Taxpayers who opt for LLBA or CBA need not register Manual Books. They must secure a Permit to Use (PTU) for LLBA, or an Acknowledgment Certificate (AC) for CBA or Computerized Accounting System (CAS), before use. These permits are issued only after a TIN is issued.
- Record update. Once the TIN and permits are issued, the BIR Registration Officer may update the taxpayer’s record to reflect the LLBA or CBA registration.
- Registration period and liability. The registration period for each type is set by RMC No. 3-2023 and is not mandatory during business registration. Taxpayers who opt for LLBA or CBA are liable for failing to make entries upon commencement of operations without an approved PTU or AC.
Who is affected
- New business registrants, with or without an existing TIN
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.