October 31 deadline for inventory lists (Revenue Memorandum Circular No. 61-2015)
The September 30 (today) deadline for the enhanced inventory list has been extended to October 31.
We quote pertinent portion of RMC 61-2015, as follows:
This Circular is issued to extend the deadline, initially set on or before September 30, 2015 per Revenue Memorandum Circular (RMC) No. 57-2015 to on or before October 31, 2015, for the submission of the Inventory Lists and other supporting requirements covering ending inventory as of December 31, 2014, and thereafter every 30th day following the close of the taxable year, depending on the accounting period being adopted by the taxpayer.
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