REVENUE MEMORANDUM CIRCULAR NO. 10-2017 issued on January 19, 2017 clarifies the bookkeeping requirements of National Government Agencies (NGAs), Government Agencies and Instrumentalities (GAIs) and Government-Owned and-Controlled Corporations (GOCCs).

     NGAs, GAIs and GOCCs vested with functions relating to public needs, whether governmental or propriety in nature, are required to register and keep their books of accounts. Those entities that are using the Commission on Audit (COA)-developed Electronic New Government Accounting System (eNGAS) are not required to apply for Permit to Use. Considering, however, the requirement for payment/remittance and verifications of tax liabilities, said entities shall submit the eNGAS in electronic format.

     Those entities that are using accounting system and/or components thereof other than the eNGAS are required to apply for Permit to Use and submit and register the same, in electronic format, to the Revenue District Office having jurisdiction over their principal place of business or to the Large Taxpayers Assistance Division/Excise Large Taxpayers Regulatory Division/Large Taxpayers Division (LTD)-Cebu/LTD-Davao where the head office is duly registered within thirty (30) days from the close of each taxable year or within 30 days upon the termination of its use.