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NIRC TRAIN
Section 232 Section 232
Those whose gross quarterly sales, Those whose gross annual sales,
earnings, receipts or output exceed earnings, receipts or output exceed
P150,000 shall have their books of ₱3,000,000 shall have their books of
accounts audited and examined yearly accounts audited and examined yearly
by independent Certified Public by independent CPAs and their ITRs
Accountants (CPAs) and their ITRs accompanied with a duly
accompanied Account Information accomplished AIF.
Form (AIF).
(TRAIN) – Administrative Provisions
NIRC TRAIN
Section 232 Section 232
Additional provision:
Within 5 years from the effectivity of the
law and upon the establishment of the
necessary storing and processing system,
the following shall be required to issue
electronic receipts or sales or commercial
invoices in lieu of manual
receipts/invoices:
taxpayers engaged in the export of goods
and services
taxpayers engaged in e-commerce, and
taxpayers under the jurisdiction of the
Large Taxpayers Service
(TRAIN) – Administrative Provisions
NIRC TRAIN