REVENUE MEMORANDUM CIRCULAR NO. 65-2025 issued on July 2, 2025 clarifies what types of books of accounts can new business taxpayers register with the BIR during their registration of business.

New business registrants with no existing Tax Identification Number (TIN) or who already have an existing TIN can register any of the following types of Books of Accounts:

a. Manual Books of Accounts; or
b. Loose-leaf Books of Accounts (LLBA); or
c. Computerized Books of Accounts (CBA)

Taxpayers who opt to use LLBA and CBA are not required to register Manual Books of Accounts. However, they are required to secure a Permit to Use (PTU) Loose Leaf Books of Accounts or Acknowledgment Certificate (AC) for CBA or Computerized Accounting System (CAS) before use. These permits can only be issued after a TIN has been issued. Once the TIN and required permits have been issued, the BIR Registration Officer may update the taxpayer’s record to reflect the registration of LLBA or CBA.

The registration period of Manual Books of Accounts, LLBA and CBA is prescribed under Revenue Memorandum Circular No. 3-2023 and is not mandatory during business registration. Taxpayers who opt to use LLBA or CBA shall be liable for failure to make entries or recordings upon commencement of business operations, without approved PTU or AC.