Permit to Use Accounting Softwares under RMC 10-2020

Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 10-2020 on February 6, 2020 effective of fifteen (15) days after publication in the newspaper of general circulation.   
 

The RMC is issued to suspend the requirement in the Philippines to secure a Permit to Use (PTU) for Computerized Accounting System (CAS) in Philippines and Computerized Books of Accounts (CBA) and/ or Components thereof for use of taxpayers in Philippines. The RMC allows to use the above, in the absence of PTU, but will be subject to compliance requirements.

All taxpayers with pending PTU for CAS and CBS, are allowed to use such CAS and CBS, provided that the following will be submitted to the Technical Working Group (TWG) Secretariat at the Revenue District Office (RDO)/ Large Taxpayers (LT) Office where they registered.

• Duly accomplished and notarized Sworn Statement (Annex “A”) with attached Summary of System Description, Commercial Invoice Description, etc., signed by the taxpayer’s authorized representative;
• Sample print copy of system-generated receipts/ invoices; and,
• Sample print copy of system-generated books of accounts reflecting the mandatory fields

An “Acknowledgment Receipt”, in the absence of PTU, shall be issued by the TWG Secretariat within three (3) working days from the receipt of the requirements with a Control Number which shall be indicated on the face of the system-generated receipts.

All CAS and CBA, and/or Components thereof shall be subject to post-evaluation to check compliance with existing revenue issuances. In case any system enhancement, modification or upgrade of CAS and CBA and if such will result in the change of version number/ systems, the taxpayer shall inform TWG in writing of such changes.

A separate RMO will be issued for the detailed procedures implementing this Circular.

Reference: BIR RMC

Author: Hergie Anne De Guzman, CPA. Hergie is a Certified Public Accountant (CPA) and is currently a Senior Associate of the Tax Compliance Services Team of G. Pagaspas Partners and Co. CPAs exposed to day-to-day tax compliance filing and reporting of its clients.

Disclaimer: This article contains personal view of the author and not of Tax and Accounting Center, Inc. intended for general conceptual guidance only and is not a substitute for an expert opinion. Please consult your preferred tax and/or legal consultant for the specific details applicable to your circumstances. For comments, you may also please send mail at info(@)taxacctgcenter.ph, or you may post a question at Tax and Accounting Center Forum and participate therein.

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