FREQUENTLY ASKED QUESTIONS Computerized Accounting System bir (CAS)

22) Is the taxpayer adopting a COMPUTERIZED ACCOUNTING SYSTEM BIR (CAS) required to maintain a hardbound computer generated books of accounts, receipts and invoices and other accounting records and have them stamped?

The requirement of binding and stamping of a hardbound computerized books of accounts, receipts and invoices and other accounting records shall no longer be necessary provided that the taxpayer shall submit an Affidavit on the Post Reporting Requirements for COMPUTERIZED ACCOUNTING SYSTEM BIR (CAS) in Lieu of Hardbound Computer Generated Books of Accounts, Receipts and Invoices and other Accounting Records/Documents (Annex N of RMO 29-2002) and a soft copy in text file format of the books of accounts and other accounting records in CD-ROM properly labeled with the name of taxpayer, taxable year and serial no. and volume no. of the books of accounts and other accounting records, within 30 days from the close of the taxable year.

However, in case the taxpayer has no capability to submit in CD-ROM form, procedures under the manual system shall prevail.

23) Where does a taxpayer with a permit to use COMPUTERIZED ACCOUNTING SYSTEM BIR (CAS), register his books of accounts and submit other accounting records?

The taxpayer shall register with the LTAD I or II, LTDOs or RDOs having jurisdiction over the principal place of business of taxpayer.

24) Are taxpayers with web-enabled electronically generated receipts/invoices (e.g. payment through credit card, payment through ATM and other similar web-enabled electronically operated receipts/invoices) required to secure permit to adopt COMPUTERIZED ACCOUNTING SYSTEM BIR (CAS)?

Yes, taxpayer with web-enabled electronically generated receipts and invoices are required to secure permit to adopt a complete COMPUTERIZED ACCOUNTING SYSTEM BIR (CAS).

FREQUENTLY ASKED QUESTIONS Computerized Accounting System bir (CAS)

source:  http://www.bir.gov.ph