Section 31
SEC. 31. Section 215 of the National Internal Revenue Code is hereby renumbered and amended to read as follows: “SEC. 180. Registration of name or style with the revenue district officer or collection agent. – Every person engaged in any business shall, on or before the commencement of his business, or whenever he transfers to another revenue district, register with the revenue district officer concerned within ten days from commencement of business or transfer. In cities or municipalities where no revenue district officer is stationed, such person shall register with the collection agent within ten days after securing his privilege tax receipt. The registration shall contain his name or style, place of residence, business, the place where such business is carried on, and such other information as may be required by the Commissioner in the form prescribed therefor. In case of a firm, the names and residences of the various persons constituting the same shall also be registered. The Commissioner, after taking into consideration the volume of sales, financial condition and other relevant factors, may require the registrant to guarantee the payment of his sales taxes by way of advance payment, or the posting or filing of a security, guarantee or collateral acceptable to the Commissioner. Manufacturers, producers, importers and millers liable to pay sales, percentages or excise taxes, who are already registered in accordance with the existing provisions of the Tax Code, shall register anew within 30 days from the date of effectivity of the decree, and shall be subject to the requirements provided in this section.