BIR to check on companies’ year-end inventories

Here’s one last attempt of the Bureau of Internal Revenue (BIR) to catch up of companies trying to pull a fast one on the revenue agency. BIR field personnel will be going out and check the warehouses of companies to verify their year-inventories viz-a-viz their submitted year-end declaration. Revenue Memorandum Order No. 40-2009 was issued [...]