Question & AnswerQ&A (BIR MEMORANDUM ORDER NO. 4-2003)
They must submit the quarterly Summary List of Sales in magnetic form as prescribed under Revenue Regulations No. 8-2002.
An administrative penalty of P1,000 for each failure, not to exceed P25,000 in a taxable year, shall be imposed, payable upon notice and demand by the Commissioner of Internal Revenue.
A "good" diskette is one that is free from viruses, whose files are readable by the system, conform with the prescribed electronic format, validated, and successfully uploaded to the RELIEF system.
VAT taxpayers with quarterly total purchases exceeding P1,000,000 are required to submit the quarterly Summary List of Purchases.
A defective diskette submitted on the deadline shall be considered late, and the taxpayer must replace or resubmit the diskette within five working days from the date of return.
Regular buyers/customers are those engaged in business or profession who had at least six transactions with the taxpayer in the previous or current year, regardless of the amount per transaction.
It must be submitted on or before the 25th day of the month following the close of the taxable quarter, either calendar or fiscal.
Such acts shall be referred for imposition of administrative sanctions and filing of appropriate charges against the offending revenue official or employee.
The RDC/ISOS-DC receives electronic SLSP data files, maintains automatic backup files, reconciles data received and transmitted, and prepares summary reports for various offices.
Willful failure is subject to criminal penalties under the relevant provisions of the Tax Code of 1997, aside from the administrative penalties, upon conviction.