Bookkeeping and Tax Inspection Fee Act

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Act No. 3292: Bookkeeping and Tax Inspection Fee Act

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Title Supreme Court: Bookkeeping and Tax Inspection Fee Act

Law: Act No. 3292

Decision Date: Dec 2, 1926

A 1926 Philippine law mandates that corporations, companies, partnerships, and individuals required to pay internal-revenue taxes must keep a journal and ledger, with exemptions for entities with gross quarterly sales below five thousand pesos, and imposes inspection fees for books kept in languages other than English, Spanish, or a native dialect.

books of account

corporations

companies

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