Significant Amendment to Glean from Revenue Memorandum Circular (RMC) No. 3-2023
Policies and Guidelines on the Online Registration of Books of Accounts (BAs)
On digitalizing its operations, the Bureau of Internal Revenue (BIR) alerted the taxpayers regarding RMC No.3-2023, amending Section 2 of RMC No.29-2019, which prescribes the policies and guidelines on the online registration of Book of Accounts (BAs).
All BAs shall be registered online with the Bureau’s Online Registration and Update System (ORUS). In place of manual stamping, the system shall generate the Quick Response (QR) code when registered successfully at http://orus.bir.gov.ph. Scanning the code using any smartphone will redirect to the ORUS website, validating the code’s authenticity. The taxpayers shall paste the generated QR stamp on the first page of their manual book of accounts and permanently bind the loose-leaf book of accounts. For computerized books of accounts, the QR Stamp shall be attached to the transmittal letter showing detailed content of the USB flash drive where the books of accounts and other accounting records are stored or saved.
The QR stamp (Figure 1) shall print the following taxpayer’s information:
- Registered Name;
- Registered Address;
- Type of Book (Manual, Loose-leaf, or Computerized);
- Book Registered;
- Permit No./Acknowledgment Certificate Control No. (ACCN) for Loose leaf or Computerized;
- PTU/ACCN Date issued – for Loose Leaf or Computerized;
- Volume No;
- Date Registered; and
- Date Approved
Taxpayers are not required to register a new set of manual BAs every year; however, taxpayers may opt to use a new set of books of accounts yearly which they should register before its use. Below is the summary of the manners of bookkeeping or maintaining books of accounts under RMC No. 3-2023:
The taxpayers shall still be allowed to register and stamp their manual books of accounts at the Revenue District Office (RDO) or Large Taxpayer Division/Office where the Head Office or Branch is registered while the implementation of the circular is still in transition. Meanwhile, the RDO or Large Taxpayer Division/Office shall inform taxpayers under its jurisdiction that the registration of books of accounts can be done manually or online via announcements.
For your guidance and perusal.
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