Inventory Place Registration for Tax Monitoring

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BIR REVENUE REGULATION NO. 5-94: Inventory Place Registration for Tax Monitoring

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Title Source: Supreme Court: Inventory Place Registration for Tax Monitoring

Law: Bir Revenue Regulation No. 5-94

Decision Date: Feb 18, 1994

Taxpayers engaged in the sale of goods must register the locations of their inventory and maintain detailed records, with penalties for non-compliance, to ensure effective monitoring for tax purposes.

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