Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 08 MARCH 2021

SyCipLaw Tax Issues And Practical Solutions – February 2021

SyCip Salazar Hernandez & Gatmaitan
SyCip Salazar Hernandez & Gatmaitan
Contributor
SyCip Salazar Hernandez & Gatmaitan

SyCip Salazar Hernandez & Gatmaitan

SyCip Salazar Hernandez & Gatmaitan (SyCipLaw) is one of the largest law firms in the Philippines...

View firm profile
Explore more from SyCip Salazar Hernandez & Gatmaitan

What are the new and simplified guidelines and procedures on the use of Computerized Accounting Systems, Computerized Books of Account, and/or its Components, including Electronic Storage System?

PhilippinesTax
Austin Claude S. Alcantara
Austin Claude S. Alcantara
Lyan David M. Juanico
Lyan David M. Juanico
Kevin Joseph C. Berbaño
Kevin Joseph C. Berbaño
Joel Adrian C. Alarde
Joel Adrian C. Alarde
Dece Christine C. Fulache
Dece Christine C. Fulache

1. What are the new and simplified guidelines and procedures on the use of Computerized Accounting Systems, Computerized Books of Account, and/or its Components, including Electronic Storage System?

SyCipLaw TIP 1: Taxpayers should take note of the different annexes to RMO No. 9-21, as these include checklists, more detailed procedures, and sample forms to enable the taxpayer to register their System.

The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Order No. 9-2021 (RMO No. 9-21) which prescribes the simplified guidelines and procedures on the use of Computerized Accounting Systems, Computerized Books of Accounts, and/or its components, including Electronic Storage System, middleware and other similar systems (collectively referred to as System).

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Corporate Taxation Under The National Internal Revenue Code Of The Philippines

Under the Philippine's National Internal Revenue Code of 1997 (the "Tax Code"), the term "corporation" includes partnerships, no matter how created or organized, joint-stock companies, joint accounts (cuentas en participation), associations, or insurance companies, but excluding general professional partnerships and a joint venture or consortium formed for the purpose of undertaking construction projects or engaging in petroleum, coal, geothermal and other energy operations pursuant t
PhilippinesTax
Ponce Enrile Reyes & Manalastas Law Offices
Ponce Enrile Reyes & Manalastas Law Offices
Article

Tax Updates April 2026 (SyCipLaw Tax Issues And Practical Solutions (T.I.P.S.) Vol. 44)

SyCipLaw's Tax Department addresses five critical tax questions facing Philippine taxpayers, including local government unit payment disputes, Court of Tax Appeals jurisdiction over regulatory fees, fiscal incentives under the Natural Gas Industry Development Act, cross-border service taxation, and local tax treatment of businesses with CREATE Act incentives.
PhilippinesTax
SyCip Salazar Hernandez & Gatmaitan
SyCip Salazar Hernandez & Gatmaitan
Article

SEC Revises Recent Draft Circular On Online Lending Platforms; Issues A New Version

The Securities and Exchange Commission of the Philippines has issued a revised draft circular addressing the regulation of online lending platforms, introducing significant changes from its initial March 2026 proposal. The new guidelines aim to lift the existing moratorium on new online lending platforms while establishing comprehensive prudential, disclosure, and market conduct requirements for financing and lending companies operating in the digital space.
PhilippinesFinance and Banking
SyCip Salazar Hernandez & Gatmaitan
SyCip Salazar Hernandez & Gatmaitan
Article

SEC Releases New Draft Circular On Online Lending Platforms

The Securities and Exchange Commission has released a draft memorandum circular proposing to lift the moratorium on new online lending platform registrations while establishing a comprehensive regulatory framework for digital lending operations. The proposed guidelines introduce stringent prudential, disclosure, and market conduct requirements that will reshape how financing and lending companies operate in the digital space.
PhilippinesCorporate/Commercial Law
SyCip Salazar Hernandez & Gatmaitan
SyCip Salazar Hernandez & Gatmaitan