Inventory Reporting and Penalties Circular

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Title 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.

tax administration

inventory list

financial accounting

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