Commissioner Joel L. Tan-Torres said, “Once our large taxpayers are all maintaining computerized accounting systems, we will be able to better handle our tax audits of these large taxpayers. We need to prioritize this group since the LTS contribute about 60% of total BIR tax collections.”

Quezon City, 20 January, 2010 – At this age when electronic records are more of a necessity than a luxury, the Bureau of Internal Revenue (BIR) has mandated its large taxpayers to maintain and/or adopt a Computerized Accounting System (CAS) for keeping records, books of accounts, and other sources of information under the National Internal Revenue Code of 1997, as amended (Tax Code).

In pursuit of this end, the BIR under the leadership of Commissioner Joel L. Tan-Torres directed the Large Taxpayers Service (LTS) through Assistant Commissioners Nestor S. Valeroso and Zenaida G. Garcia to account for the number of large taxpayers both under the LTS-Regular and LTS-Excise.

As of January 15, 2010, there remained a total of 476 out of the 932 active large taxpayers which did not comply with the CAS requirements.

The Computer System Evaluation Team (CSET) of the BIR will work overtime on the application of large taxpayers. The CSET handles the evaluation of the computer systems being used by taxpayers and recommends the issuance of the Permit to Use CAS and/or Components Thereof.

The BIR in the meantime warns those who still fail to comply that they will be penalized accordingly. Those who violate the provisions of RR 9-2009 may likewise face prosecution by the BIR. Upon conviction, the taxpayer shall be held liable to the penalties provided under Section 255 of the Tax Code, in addition to any other penalties otherwise payable.

Commissioner Joel L. Tan-Torres said, “Once our large taxpayers are all maintaining computerized accounting systems, we will be able to better handle our tax audits of these large taxpayers. We need to prioritize this group since the LTS contribute about 60% of total BIR tax collections.”