Bureau of Internal Revenue
The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 8-2023, dated 20 January 2023, to circularize the Revised Provision on the Submission of Inventory List and Other Reporting Requirements Pursuant to RMC No. 57-2015. The RMC amends “Section 2: Prescribed Format and Deadline for Submission” of RMC No. 57-2015 by limiting the submission of the inventory list and prescribed schedules to soft copies instead of previously requiring both hard and soft copies. The soft copies shall be stored/saved in Digital Versatile Disk-Recordable (DVD-R) or Universal Storage Bus (USB) Flash Drive properly labeled and submitted, together with a notarized certification duly signed by authorized representative of the taxpayer certifying that data/information contained in the DVD-R or USB are true and correct.
Please click on the link for the full text of the issuances: RMC No. 8-2023, RMC No 8-2023 Annex A-C, and RMC No 8-2023 Annex D