Inventory Reporting and Penalties Circular

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REVENUE MEMORANDUM CIRCULAR NO. 57-2015: Inventory Reporting and Penalties Circular

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Title Source: Supreme Court: Inventory Reporting and Penalties Circular

Law: Revenue Memorandum Circular No. 57-2015

Decision Date: Oct 6, 2015

Commissioner Kim S. Jacinto-Henares mandates the submission of detailed inventory lists and additional financial reporting requirements for taxpayers with significant working capital assets to enhance tax administration and compliance, effective immediately.

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