Special InTAX: July 2025 Issue 1 | Volume 1

Bureau of Internal Revenue

The Bureau of Internal Revenue (BIR) issued the following:

Revenue Memorandum Circular (RMC) No. 065-2025, dated 02 July 2025, to provide clarification on the types of Books of Accounts that new business taxpayers can register with the BIR, namely:

1.  Manual Books of Accounts; or
2.  Loose-leaf Books of Accounts (LLBA); or
3. Computerized Books of Accounts (CBA)

Taxpayers who opt to use LLBA and CBA are not required to register Manual Books of Accounts. However, they must secure a Permit to Use (PTU) Loose Leaf Books of Accounts or Acknowledgment Certificate (AC) for CBA or Computerized Accounting System (CAS) before its use. Since these permits can only be processed after a TIN has been issued, the registration of LLBA or CBA cannot be processed simultaneously with the issuance of TIN. Further, the registration of the types of Books of Accounts mentioned above is not mandatory during business registration as RMC No. 03-2023 prescribes registration period for such.

Taxpayers using LLBA or CBA without approved PTU or AC at the start business operations shall be liable for failure to make entries or recordings.

RMC No. 066-2025, dated 02 July 2025, to clarify that the submission of a sworn declaration by the Registered Business Enterprise (RBE)-buyer stating that the goods and/or services are directly and exclusively used for the production of goods and/or completion of services to be exported, among others, to its local supplier is no longer required in order to avail the zero percent (0%) rate on local purchase of goods and services.

Accordingly, the VAT Zero-Rate Certificate issued by the concerned Investment Promotion Agency (IPA) shall serve as the primary document basis for such availment. This is without prejudice to the BIR’s authority to conduct post-audit verification to ensure that the purchases are directly attributable to the registered project or activity of the qualified RBE.

Here are the links to the full text of the issuances: RMC No. 065-2025 and RMC No. 066-2025.