The Philippines’ Bureau of Internal Revenue, through its BIR Revenue Regulation No. 09-2009, has defined the requirements, obligations and responsibilities of Philippine taxpayers. This pertains to the use of electronic systems or the Computerized Accounting System (CAS) for record-keeping, maintenance of records and books of accounts. This RR is specifically relevant for large taxpayers, which since January 2010 have been required by the BIR to maintain a Computerized Accounting System. Any company must comply with BIR accounting standards. It follows that all the systems it procures must also be BIR-certified.
Cloudtech helps organizations become tax-compliant corporate citizens. Companies no longer need to manually keep track of BIR regulations and requirements; these are part of the services Cloudtech delivers to its customers. It provides security that the accounting process undertaken by the company, using its BIR-certified product, is accurate and compliant. With this regulatory requirement taken care of, companies can rest assured they are in line with government standards.