More than twenty four thousand eight
hundred days or sixty eight years from the
time that the Bureau of Internal Revenue’s
Revenue Regulations V-1 was developed and
implemented, it remained so relevant and a
valuable source of knowledge and information
for tax accounting bookkeepers and taxpayers
of the Republic of the Philippines.
 It reminds and requires the taxpayers to
make entries in their books of accounts, keep
them and the source documents used in
making entries therein in their principal place
of office and finally, present all of them at the
time requested or required by the revenue
officers assigned and authorized to see, hold
and examine them.
Because this find is as precious as the
the diamond, it must be given attention and
importance in conducting a business.
Keep.
Information.
Short.
Simple.
Uniform.
Equitable.
Progressive.
taxaccountingguru.