BIR has constantly made updates on Tax Forms to address changes brought by the TRAIN Law. Hold on to your seats as we take you through the recent changes in different tax forms in 2019. Did we miss anything? Link us to RMCs we missed in the comment section below!
The Bureau of Internal Revenue (BIR) has issued the following:
All the revised forms include barcodes and a reference to the Data Privacy Act of 2012. On top of that, some new information is required on the revised forms and the Alphalists released since July. These data are a gold mine for BIR and can be used to assess and monitor a taxpayer’s compliance, among others. The forms issued during the second half of this year are detailed below:
Notable RMCs:
| RMC No. | Date Issued | Subject Matter |
| 29-2019 | Feb 26, 2019 | Provides guidelines in keeping, maintaining and registration of Books of Accounts |
| RMC No. | BIR Form No. | Date Issued | Manual | eBIR | eFPS |
| 17-2019 | 1701A- Annual Income Tax Return for Individuals Earning Income PURELY from Business/Profession | Jan 24, 2019 | ✔ | ✔ | ✖ |
| 19-2019 | 1700- Annual Income Tax Return For Individuals Earning Purely Compensation Income (Including Non-Business/Non-Profession Related Income) 1702-EX- Annual Income Tax Return For Corporation, Partnership, and Other Non-Individual Taxpayer EXEMPT Under the Tax Code, as Amended, {Sec. 30 and those exempted in Sec. 27(C)} and Other Special Laws, with NO Other Taxable Income 1702-RT- Annual Income Tax Return For Corporation, Partnership and Other Non-Individual Taxpayer Subject Only to REGULAR Income Tax RateDescription | Jan 30, 2019 | ✔ | ✔ | ✖ |
| 19-2019 | 1707- Capital Gains Tax Return for Onerous Transfer of Shares of Stocks Not Traded Through the Local Stock Exchange | Jan 30, 2019 | ✔ | ✔ | ✖ |
| 27-2019 | 1901- Application for Registration for Self-Employed (Single Proprietor/Professional), Mixed Income Individuals, Non-Resident Alien Engaged in Trade/Business, Estate and Trust 1902- Application for Registration For Individuals Earning Purely Compensation Income (Local and Alien Employee) 1903- Application for Registration For Corporations, Partnerships (Taxable/Non-Taxable), Including GAIs, LGUs, Cooperatives and Associations 1904- Application for Registration For One-Time Taxpayer and Person Registering under E.O. 98 (Securing a TIN to be able to transact with any Government Office) 1905- Application for Registration Information Update/Correction/Cancellation 1906- Application for Authority to Print Receipts and Invoices | Feb 21, 2019 | ✔ | N/A | N/A |
| 37-2019 | 1701- Annual Income Tax Return For Individuals (including MIXED Income Earner), Estates and Trusts | Mar 18, 2019 | ✔ | ✔ | ✖ |
| 41-2019 | 1702-MX- Annual Income Tax Return for Corporation, Partnership and Other Non-Individual with MIXED Income Subject to Multiple Income Tax Rates or with Income Subject to SPECIAL/PREFERENTIAL RATE | Apr 02, 2019 | ✔ | ✔ | ✖ |
| 54-2019 | 1800- Donor’s Tax Return 1801- Estate Tax Return | May 17, 2019 | ✔ | ✔ | N/A |
| 73-2019 | 1604-C- Annual Information Return of Income Taxes Withheld on Compensation 1604-E- Annual Information Return of Creditable Income Taxes Withheld (Expanded)/ Income Payments Exempt from Withholding Tax 1604-F- Annual Information Return of Income Payments Subjected to Final Withholding Taxes | Jul 24, 2019 | ✔ | N/A | N/A |
| 74-2019 | 2306- Certificate of Final Tax Withheld At Source 2307- Certificate of Creditable Tax Withheld at Source | Jul 24, 2019 | ✔ | N/A | N/A |
| 75-2019 | 1914- Application for Tax Credits/Refunds | Jul 29, 2019 | ✔ | N/A | N/A |
| 100-2019 | 2316- Certificate of Compensation Payment/Tax Withheld For Compensation Payment With or Without Tax Withheld | Sept 30, 2019 | ✔ | N/A | N/A |
| 106-2019 | 2000-OT- Documentary Stamp Tax Declaration/Return (One-Time Transactions) | Oct 11, 2019 | ✔ | ✔ | ✖ |
| 126-2019 | 2306- Certificate of Final Tax Withheld at Source 2307- Certificate of Creditable Tax Withheld at Source 2316- Certificate of Compensation Payment/Tax Withheld | Nov 26, 2019 | ✔ | N/A | N/A |
| 134-2019 | 1702-EX- Annual Income Tax Return for Corporation, Partnership and Other Non-Individual Taxpayers EXEMPT Under the Tax Code, as Amended, [Sec. 30 and those exempted in Sec. 27(C)] and Other Special Laws, with NO Other Taxable Income | Dec 5, 2019 | ✔ | ✔ | ✖ |
| 139-2019 | 1601-EQ- Quarterly Remittance Return of Creditable Income Taxes Withheld (Expanded) 1602Q- Quarterly Remittance Return of Final Taxes Withheld on Interest Paid on Deposits and Yield on Deposit Substitutes/Trusts/Etc. | Dec 18, 2019 | ✔ | N/A | N/A |
NOTABLE RMC: 29-2019
- Pursuant to Section 232 of the National Internal Revenue Code as amended by Republic Act (R.A.) No. 10963 and in relation to R.A. No. 11032 otherwise known as Ease of Doing Business and Efficient Government Service Delivery Act of 2018. This Circular is being issued to continuously support our government programs in improving our country’s competitiveness ranking in starting a business relative to (1) keeping and maintaining of books of accounts; and (2) registration deadline of books of accounts.
- Books of Accounts shall be kept at all times in the place of business of the taxpayer. Such books and registers, together with records, vouchers, and other supporting papers and documents prescribed by the Bureau of Internal Revenue (BIR), kept by taxpayers shall be preserved intact, unaltered and unmutilated. keeping of two or more sets of records or books of accounts is prohibited.
- All taxpayers are required to preserve their books of accounts, including subsidiary books and other accounting records, for a period of ten (10) years reckoned from the day following the deadline in filing a return, or if filed after the deadline, from the date of filing of the return, for the taxable year when the last entry was made in the books accounts: Provided that within the first five (5) years reckoned from the day following the deadline in filing a return, or if filed after the deadline, from the date of the filing of the return, for the taxable year when the last entry was made in the books of accounts, the taxpayer shall retain hard copies of the books of accounts, including subsidiary books and other accounting records. Thereafter, the taxpayer may retain only an electronic copy of the hardcopy (paper) of the books of accounts, subsidiary books and other accounting records in an electronic storage system which is compliant with the requirements set forth under Section 2-A, of Revenue Regulations No. 5-2014.
RMC No. 17-2019 (Form 1701A)
- The new ITR should be used by individuals earning income purely from the business/profession who are under the graduated income tax rates with Optional Standard Deduction (OSD) as a mode of deduction or those who choose to avail of the 8% flat income tax rate beginning in the year 2018, which is due on or before April 15, 2019.
- Taxpayers must file using manual return, Electronic BIR Forms (eBIRForms) and eFPS and must pay by manual or online payment.
- The eFPS that filed and paid tax revenue due for 2018 using the old return (BIR Form No. 1701) is still required to file an annual ITR use of the new BIR Form No. 1701A and mark it as an amended return.
RMC No. 19-2019 (Form 1700, 1702-EX, 1702-RT)
- The revised manual return is available on the BIR website under the BIR Forms-Income Tax Return section. However, forms are not yet available in the Electronic Filing and Payment System (eFPS) and Electronic Filing and Payment System (eFPS) and Electronic Bureau of Internal Revenue Forms (eBIRForms); thus, eFPS / eBIRForms filers should use the existing old version available in eFPS and the Offline eBIRForms Package in filing said returns except BIR Form No.1700 where the manual return will be used in filing and paying the income tax due thereon.
- Once the abovementioned returns are available in eFPS or included in the new Offline eBIRForms Package, a revenue release issuance will be released to announce the availability of the returns.
RMC No. 27-2019 (Form 1901, 1902, 1903, 1904, 1905, 1906)
- This Circular was issued to notify taxpayers and others concerned about having an enhanced version (January 2018 ENCS) of the registration forms, hereto attached as Annex “A-F” which was revised due to the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN).
RMC No. 37-2019 (Form 1701)
- The Commissioner of Internal Revenue (CIR) issued Revenue Memorandum Circular (RMC) No. 37-2019 dated March 18, 2019, to circularize the availability of enhanced Annual Income Tax Return for Individuals (including Mixed Income Earner), Estates and Trusts (Bureau of Internal Revenue [BIR] Form No. 1701 January 2018) [ENCS]) as amended due to the implementation of the Tax Reform for Acceleration and Inclusion Law.
- Please be informed, however, that the form is not yet available in the Electronic Filing and Payment System (eFPS) and Electronic BIR Forms (eBIRForms); thus, eFPS / eBIRForms filers should use a manual return on filing and paying the Tax Reform for Acceleration and Inclusion Law.
- Revenue District Offices will receive manually filed returns by taxpayers, either without payments or returns with payments being made online.
- The earnings will be released when the enhanced return is available on eFPS or is already included in the new Offline eBIRForms Package.
RMC No. 41-2019 (1702-MX)
- The Commissioner of Internal Revenue has issued the Revenue Memorandum Circular (RMC) No. 41-2019 dated on March 28, 2019 (the “Circular”), to prescribe the new enhanced BIR Form No.1702-MX to be used by non-individuals with mixed income subject to multiple income tax rates, or income subject to special or rate in filing of annual income tax return and income tax payment due on or before April 15, 2019.
- For taxpayers who have been elected to Optional Standard Deduction (OSD) and General Professional Partnerships elected to OSD as a means of deduction in the First Quarter, the manual returns should be used in filing and paying of the income tax due.
RMC No. 54-2019 (1800, 1801)
- The Bureau of Internal Revenue (BIR) has issued the Revenue Memorandum Circular (RMC) No. 54-2019 on May 17, 2019, which circularizes the availability of the revised BIR Form No. 1800 (Donor’s Tax Return) and Form No. 1801 (Estate Tax Return). The revised manual return on the BIR website is available under the BIR Forms-Transfer Tax Return section but is not yet available in the Electronic Bureau of Internal Revenue Forms (eBIRForms)
RMC No. 73-2019 (1604-C, 1604-E, 1604-F) & RMC No. 74-2019 (2306, 2307)
- This Tax Alert was issued to notify all the concerned about the newly issued BIR Forms 1604C and 1604F, amended BIR Form 1604E, and enhanced BIR Forms 2306 and 2307, in connection with the implementation of TRAIN Law (RA 10963) on January 1, 2018.
- Starting last year 2019, Separate annual information returns for income tax withheld on compensation (BIR Form 1604C) and income payments subject to final withholding taxes (BIR Form 1604F) must be filed by the withholding tax agents.
- The newly released forms are only available manually on the BIR website under the BIR Forms-Payment / Remittance Forms Section. A separate issuance must be issued by the BIR when the new forms are already available in the electronic filing and payment system (EFPS) and eBIRForms.
- A new format for Alphalist employees has also been released by BIR. The alphalist of employees is simplified into two schedules from the previous five schedules. The new alphalist now requires information on (1) the employment status of employees: Regular, Casual, Contractual / Project based, Seasonal, Probationary, Apprentice / Learners; and (2) the reason of separation, if applicable: Terminated, Transferred, Retirement, and Death.
- The BIR Forms 2306 and 2307 in the FWT and CWT, respectively, were enhanced to show the revised ATC schedules following the implementation of the TRAIN Law.
RMC No. 75-2019 (1914)
- Commissioner of Internal Revenue issued RMC No. 75-2019 dated on 26 July 2019 to recommend the availability of the revised BIR Form No. 1914 [Application for Tax Credits / Refunds].
- The newly revised form can be downloaded as “Annex A”, must be executed and filed by taxpayers applying for tax refund/credits.
RMC No. 100-2019
- This Circular was issued to prescribe the revised BIR Form No.23 [Certificate Payment/Tax withheld] January 2018 (ENCS) hereto attached as Annex “A” as amended due to the implementation by Republic (RA) No. 10963, known as the Tax Reform for Acceleration and Inclusion (TRAIN) Law. The revised certification must be made by the employer and given to each employee receiving a salary, indicating that the total amount paid and taxes have not been reflected from the calendar year.
RMC No. 106-2019
- Newly revised BIR Form No. 2000-OT [Documentary Stamp Tax Declaration/Return (One Time Transaction)] January 2018 (ENCS) hereto attached as Annex “A”, which was revised due to the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) Law.
RMC No. 126-2019
- It is observed that many withholding agents, particularly those who generate the BIR Withholding Certificates Forms through their Computerized Accounting System (CAS), clamor that they be allowed to use the old versions of the said Certificates Forms pending the required configuration of CAS to be undertaken in compliance with the existing revenue issuances.
- Hence, pending reconfiguration of CAS which shall not be beyond December 31,2019, withholding agents shall be allowed to use and issue old versions of the abovementioned Certificates Forms for all transactions covering the taxable year ending December 31 ,2019.
RMC No. 134-2019
- Issued to prescribe the newly-revised BIR Form No. 1702-EX
- The aforesaid return includes both the Optional Standard Deduction (OSD) and the itemized deductions, which are available to be claimed by General Professional Partnerships (GPPs).
- The revised manual return is already available in the BIR website under the BIR Forms- lncome Tax Return Section and in the Offline (eBIRForms) Package v7.5. However, the form is not yet available in the Electronic Filing and Payment System (eFPS).
RMC No. 139-2019 (1601-EQ, 1602Q)
- This Tax Alert is issued to notify all concerned with the newly issued BIR Form 1602Q and to improve BIR Form 1601-EQ, in connection with the implementation of the TRAIN Law (RA 10963).
- The newly released BIR Form 1602Q will be used by banks and other Institutions in remitting their quarterly final taxes withheld on interest paid on deposits and yields or any other monetary benefit from deposits of substitutes and trust fund and similar arrangements.
- BIR Form 1601-EQ was amended as a result of certain changes in the rate of creditable withholding tax on MERALCO payments and interest income on all other debt instruments, not within the coverage of deposit substitutes (i.e. from 32% / 20% to 15%).
- The new/improved returns are already available manually and can be downloaded from the BIR website. However, it is not yet available on the Electronic BIR Form (eBIRForm) and Electronic Filing and Payment System (EFPS). Thus, eFPS / eBIRForms filers must use the existing version of BIR Forms l601-EQ and 1602 with eFPS, and the existing version of BIR Form No. 1602Q in Offline eBlRForms Package v7.5 in filing and remitting taxes due thereon.
Those are the 14 RMCs regarding tax form changes with a kick of RMC 29 regarding the importance of Books of Accounts. Sometimes it gets tedious and time consuming to keep track of all form changes and your Books. JuanTax provides up to date Tax Forms and automates tax data all the way to your Books of Accounts. Did we miss any tax form changes? Comment them below.
BIR has constantly made updates on Tax Forms to address changes brought by the TRAIN Law. Hold on to your seats as we take you through the recent changes in different tax forms in 2019. Did we miss anything? Link us to RMCs we missed in the comment section below!
The Bureau of Internal Revenue (BIR) has issued the following:
All the revised forms include barcodes and a reference to the Data Privacy Act of 2012. On top of that, some new information is required on the revised forms and the Alphalists released since July. These data are a gold mine for BIR and can be used to assess and monitor a taxpayer’s compliance, among others. The forms issued during the second half of this year are detailed below:
Notable RMCs:
| RMC No. | Date Issued | Subject Matter |
| 29-2019 | Feb 26, 2019 | Provides guidelines in keeping, maintaining and registration of Books of Accounts |
RMC No. 17-2019
BIR Form No.:
1701A – Annual Income Tax Return for Individuals Earning Income PURELY from Business/Profession
Date Issued: Jan 24, 2019
Manual: Yes
eBIR: Yes
eFPS: No
BIR Form No.:
1701A – Annual Income Tax Return for Individuals Earning Income PURELY from Business/Profession
Date Issued: Jan 24, 2019
Manual: Yes
eBIR: Yes
eFPS: No
RMC No. 19-2019
BIR Form No.:
1700 – Annual Income Tax Return For Individuals Earning Purely Compensation Income (Including Non-Business/Non-Profession Related Income)
1702-EX – Annual Income Tax Return For Corporation, Partnership, and Other Non-Individual Taxpayer EXEMPT Under the Tax Code, as Amended, {Sec. 30 and those exempted in Sec. 27(C)} and Other Special Laws, with NO Other Taxable Income
1702-RT – Annual Income Tax Return For Corporation, Partnership and Other Non-Individual Taxpayer Subject Only to REGULAR Income Tax Rate Description
Date Issued: Jan 30, 2019
Manual: Yes
eBIR: Yes
eFPS: No
BIR Form No.:
1700 – Annual Income Tax Return For Individuals Earning Purely Compensation Income (Including Non-Business/Non-Profession Related Income)
1702-EX – Annual Income Tax Return For Corporation, Partnership, and Other Non-Individual Taxpayer EXEMPT Under the Tax Code, as Amended, {Sec. 30 and those exempted in Sec. 27(C)} and Other Special Laws, with NO Other Taxable Income
1702-RT – Annual Income Tax Return For Corporation, Partnership and Other Non-Individual Taxpayer Subject Only to REGULAR Income Tax Rate Description
Date Issued: Jan 30, 2019
Manual: Yes
eBIR: Yes
eFPS: No
RMC No. 19-2019
BIR Form No.:
1707 – Capital Gains Tax Return for Onerous Transfer of Shares of Stocks Not Traded Through the Local Stock Exchange
Date Issued: Jan 30, 2019
Manual: Yes
eBIR: Yes
eFPS: No
BIR Form No.:
1707 – Capital Gains Tax Return for Onerous Transfer of Shares of Stocks Not Traded Through the Local Stock Exchange
Date Issued: Jan 30, 2019
Manual: Yes
eBIR: Yes
eFPS: No
RMC No. 27-2019
BIR Form No.:
1901 – Application for Registration for Self-Employed (Single Proprietor/Professional), Mixed Income Individuals, Non-Resident Alien Engaged in Trade/Business, Estate and Trust
1902 – Application for Registration For Individuals Earning Purely Compensation Income (Local and Alien Employee)
1903 – Application for Registration For Corporations, Partnerships (Taxable/Non-Taxable), Including GAIs, LGUs, Cooperatives and Associations
1904 – Application for Registration For One-Time Taxpayer and Person Registering under E.O. 98 (Securing a TIN to be able to transact with any Government Office)
1905 – Application for Registration Information Update/Correction/Cancellation
1906 – Application for Authority to Print Receipts and Invoices
Date Issued: Feb 21, 2019
Manual: Yes
eBIR: N/A
eFPS: N/A
BIR Form No.:
1901 – Application for Registration for Self-Employed (Single Proprietor/Professional), Mixed Income Individuals, Non-Resident Alien Engaged in Trade/Business, Estate and Trust
1902 – Application for Registration For Individuals Earning Purely Compensation Income (Local and Alien Employee)
1903 – Application for Registration For Corporations, Partnerships (Taxable/Non-Taxable), Including GAIs, LGUs, Cooperatives and Associations
1904 – Application for Registration For One-Time Taxpayer and Person Registering under E.O. 98 (Securing a TIN to be able to transact with any Government Office)
1905 – Application for Registration Information Update/Correction/Cancellation
1906 – Application for Authority to Print Receipts and Invoices
Date Issued: Feb 21, 2019
Manual: Yes
eBIR: N/A
eFPS: N/A
RMC No. 37-2019
BIR Form No.:
1701 – Annual Income Tax Return For Individuals (including MIXED Income Earner), Estates and Trusts
Date Issued: Mar 18, 2019
Manual: Yes
eBIR: Yes
eFPS: No
BIR Form No.:
1701 – Annual Income Tax Return For Individuals (including MIXED Income Earner), Estates and Trusts
Date Issued: Mar 18, 2019
Manual: Yes
eBIR: Yes
eFPS: No
RMC No. 41-2019
BIR Form No.:
1702-MX – Annual Income Tax Return for Corporation, Partnership and Other Non-Individual with MIXED Income Subject to Multiple Income Tax Rates or with Income Subject to SPECIAL/PREFERENTIAL RATE
Date Issued: Apr 02, 2019
Manual: Yes
eBIR: Yes
eFPS: No
BIR Form No.:
1702-MX – Annual Income Tax Return for Corporation, Partnership and Other Non-Individual with MIXED Income Subject to Multiple Income Tax Rates or with Income Subject to SPECIAL/PREFERENTIAL RATE
Date Issued: Apr 02, 2019
Manual: Yes
eBIR: Yes
eFPS: No
RMC No. 54-2019
BIR Form No.:
1800 – Donor’s Tax Return
1801 – Estate Tax Return
Date Issued: May 17, 2019
Manual: Yes
eBIR: Yes
eFPS: N/A
BIR Form No.:
1800 – Donor’s Tax Return
1801 – Estate Tax Return
Date Issued: May 17, 2019
Manual: Yes
eBIR: Yes
eFPS: N/A
RMC No. 73-2019
BIR Form No.:
1604-C – Annual Information Return of Income Taxes Withheld on Compensation
1604-E – Annual Information Return of Creditable Income Taxes Withheld (Expanded)/ Income Payments Exempt from Withholding Tax
1604-F – Annual Information Return of Income Payments Subjected to Final Withholding Taxes
Date Issued: Jul 24, 2019
Manual: Yes
eBIR: N/A
eFPS: N/A
BIR Form No.:
1604-C – Annual Information Return of Income Taxes Withheld on Compensation
1604-E – Annual Information Return of Creditable Income Taxes Withheld (Expanded)/ Income Payments Exempt from Withholding Tax
1604-F – Annual Information Return of Income Payments Subjected to Final Withholding Taxes
Date Issued: Jul 24, 2019
Manual: Yes
eBIR: N/A
eFPS: N/A
RMC No. 74-2019
BIR Form No.:
2306 – Certificate of Final Tax Withheld At Source
2307 – Certificate of Creditable Tax Withheld at Source
Date Issued: Jul 24, 2019
Manual: Yes
eBIR: N/A
eFPS: N/A
BIR Form No.:
2306 – Certificate of Final Tax Withheld At Source
2307 – Certificate of Creditable Tax Withheld at Source
Date Issued: Jul 24, 2019
Manual: Yes
eBIR: N/A
eFPS: N/A
RMC No. 75-2019
BIR Form No.:
1914 – Application for Tax Credits/Refunds
Date Issued: Jul 29, 2019
Manual: Yes
eBIR: N/A
eFPS: N/A
BIR Form No.:
1914 – Application for Tax Credits/Refunds
Date Issued: Jul 29, 2019
Manual: Yes
eBIR: N/A
eFPS: N/A
RMC No. 100-2019
BIR Form No.:
2316 – Certificate of Compensation Payment/Tax Withheld For Compensation Payment With or Without Tax Withheld
Date Issued: Sept 30, 2019
Manual: Yes
eBIR: N/A
eFPS: N/A
BIR Form No.:
2316 – Certificate of Compensation Payment/Tax Withheld For Compensation Payment With or Without Tax Withheld
Date Issued: Sept 30, 2019
Manual: Yes
eBIR: N/A
eFPS: N/A
RMC No. 106-2019
BIR Form No.:
2000-OT – Documentary Stamp Tax Declaration/Return (One-Time Transactions)
Date Issued: Oct 11, 2019
Manual: Yes
eBIR: Yes
eFPS: No
BIR Form No.:
2000-OT – Documentary Stamp Tax Declaration/Return (One-Time Transactions)
Date Issued: Oct 11, 2019
Manual: Yes
eBIR: Yes
eFPS: No
RMC No. 126-2019
BIR Form No.:
2306 – Certificate of Final Tax Withheld at Source
2307 – Certificate of Creditable Tax Withheld at Source
2316 – Certificate of Compensation Payment/Tax Withheld
Date Issued: Nov 26, 2019
Manual: Yes
eBIR: N/A
eFPS: N/A
BIR Form No.:
2306 – Certificate of Final Tax Withheld at Source
2307 – Certificate of Creditable Tax Withheld at Source
2316 – Certificate of Compensation Payment/Tax Withheld
Date Issued: Nov 26, 2019
Manual: Yes
eBIR: N/A
eFPS: N/A
RMC No. 139-2019
BIR Form No.:
1601-EQ – Quarterly Remittance Return of Creditable Income Taxes Withheld (Expanded)
1602Q – Quarterly Remittance Return of Final Taxes Withheld on Interest Paid on Deposits and Yield on Deposit Substitutes/Trusts/Etc.
Date Issued: Dec 18, 2019
Manual: Yes
eBIR: N/A
eFPS: N/A
BIR Form No.:
1601-EQ – Quarterly Remittance Return of Creditable Income Taxes Withheld (Expanded)
1602Q – Quarterly Remittance Return of Final Taxes Withheld on Interest Paid on Deposits and Yield on Deposit Substitutes/Trusts/Etc.
Date Issued: Dec 18, 2019
Manual: Yes
eBIR: N/A
eFPS: N/A
NOTABLE RMC: 29-2019
- Pursuant to Section 232 of the National Internal Revenue Code as amended by Republic Act (R.A.) No. 10963 and in relation to R.A. No. 11032 otherwise known as Ease of Doing Business and Efficient Government Service Delivery Act of 2018. This Circular is being issued to continuously support our government programs in improving our country’s competitiveness ranking in starting a business relative to (1) keeping and maintaining of books of accounts; and (2) registration deadline of books of accounts.
- Books of Accounts shall be kept at all times in the place of business of the taxpayer. Such books and registers, together with records, vouchers, and other supporting papers and documents prescribed by the Bureau of Internal Revenue (BIR), kept by taxpayers shall be preserved intact, unaltered and unmutilated. keeping of two or more sets of records or books of accounts is prohibited.
- All taxpayers are required to preserve their books of accounts, including subsidiary books and other accounting records, for a period of ten (10) years reckoned from the day following the deadline in filing a return, or if filed after the deadline, from the date of filing of the return, for the taxable year when the last entry was made in the books accounts: Provided that within the first five (5) years reckoned from the day following the deadline in filing a return, or if filed after the deadline, from the date of the filing of the return, for the taxable year when the last entry was made in the books of accounts, the taxpayer shall retain hard copies of the books of accounts, including subsidiary books and other accounting records. Thereafter, the taxpayer may retain only an electronic copy of the hardcopy (paper) of the books of accounts, subsidiary books and other accounting records in an electronic storage system which is compliant with the requirements set forth under Section 2-A, of Revenue Regulations No. 5-2014.
RMC No. 17-2019 (Form 1701A)
- The new ITR should be used by individuals earning income purely from the business/profession who are under the graduated income tax rates with Optional Standard Deduction (OSD) as a mode of deduction or those who choose to avail of the 8% flat income tax rate beginning in the year 2018, which is due on or before April 15, 2019.
- Taxpayers must file using manual return, Electronic BIR Forms (eBIRForms) and eFPS and must pay by manual or online payment.
- The eFPS that filed and paid tax revenue due for 2018 using the old return (BIR Form No. 1701) is still required to file an annual ITR use of the new BIR Form No. 1701A and mark it as an amended return.
RMC No. 19-2019 (Form 1700, 1702-EX, 1702-RT)
- The revised manual return is available on the BIR website under the BIR Forms-Income Tax Return section. However, forms are not yet available in the Electronic Filing and Payment System (eFPS) and Electronic Filing and Payment System (eFPS) and Electronic Bureau of Internal Revenue Forms (eBIRForms); thus, eFPS / eBIRForms filers should use the existing old version available in eFPS and the Offline eBIRForms Package in filing said returns except BIR Form No.1700 where the manual return will be used in filing and paying the income tax due thereon.
- Once the abovementioned returns are available in eFPS or included in the new Offline eBIRForms Package, a revenue release issuance will be released to announce the availability of the returns.
RMC No. 27-2019 (Form 1901, 1902, 1903, 1904, 1905, 1906)
- This Circular was issued to notify taxpayers and others concerned about having an enhanced version (January 2018 ENCS) of the registration forms, hereto attached as Annex “A-F” which was revised due to the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN).
RMC No. 37-2019 (Form 1701)
- The Commissioner of Internal Revenue (CIR) issued Revenue Memorandum Circular (RMC) No. 37-2019 dated March 18, 2019, to circularize the availability of enhanced Annual Income Tax Return for Individuals (including Mixed Income Earner), Estates and Trusts (Bureau of Internal Revenue [BIR] Form No. 1701 January 2018) [ENCS]) as amended due to the implementation of the Tax Reform for Acceleration and Inclusion Law.
- Please be informed, however, that the form is not yet available in the Electronic Filing and Payment System (eFPS) and Electronic BIR Forms (eBIRForms); thus, eFPS / eBIRForms filers should use a manual return on filing and paying the Tax Reform for Acceleration and Inclusion Law.
- Revenue District Offices will receive manually filed returns by taxpayers, either without payments or returns with payments being made online.
- The earnings will be released when the enhanced return is available on eFPS or is already included in the new Offline eBIRForms Package.
RMC No. 41-2019 (1702-MX)
- The Commissioner of Internal Revenue has issued the Revenue Memorandum Circular (RMC) No. 41-2019 dated on March 28, 2019 (the “Circular”), to prescribe the new enhanced BIR Form No.1702-MX to be used by non-individuals with mixed income subject to multiple income tax rates, or income subject to special or rate in filing of annual income tax return and income tax payment due on or before April 15, 2019.
- For taxpayers who have been elected to Optional Standard Deduction (OSD) and General Professional Partnerships elected to OSD as a means of deduction in the First Quarter, the manual returns should be used in filing and paying of the income tax due.
RMC No. 54-2019 (1800, 1801)
- The Bureau of Internal Revenue (BIR) has issued the Revenue Memorandum Circular (RMC) No. 54-2019 on May 17, 2019, which circularizes the availability of the revised BIR Form No. 1800 (Donor’s Tax Return) and Form No. 1801 (Estate Tax Return). The revised manual return on the BIR website is available under the BIR Forms-Transfer Tax Return section but is not yet available in the Electronic Bureau of Internal Revenue Forms (eBIRForms)
RMC No. 73-2019 (1604-C, 1604-E, 1604-F) & RMC No. 74-2019 (2306, 2307)
- This Tax Alert was issued to notify all the concerned about the newly issued BIR Forms 1604C and 1604F, amended BIR Form 1604E, and enhanced BIR Forms 2306 and 2307, in connection with the implementation of TRAIN Law (RA 10963) on January 1, 2018.
- Starting last year 2019, Separate annual information returns for income tax withheld on compensation (BIR Form 1604C) and income payments subject to final withholding taxes (BIR Form 1604F) must be filed by the withholding tax agents.
- The newly released forms are only available manually on the BIR website under the BIR Forms-Payment / Remittance Forms Section. A separate issuance must be issued by the BIR when the new forms are already available in the electronic filing and payment system (EFPS) and eBIRForms.
- A new format for Alphalist employees has also been released by BIR. The alphalist of employees is simplified into two schedules from the previous five schedules. The new alphalist now requires information on (1) the employment status of employees: Regular, Casual, Contractual / Project based, Seasonal, Probationary, Apprentice / Learners; and (2) the reason of separation, if applicable: Terminated, Transferred, Retirement, and Death.
- The BIR Forms 2306 and 2307 in the FWT and CWT, respectively, were enhanced to show the revised ATC schedules following the implementation of the TRAIN Law.
RMC No. 75-2019 (1914)
- Commissioner of Internal Revenue issued RMC No. 75-2019 dated on 26 July 2019 to recommend the availability of the revised BIR Form No. 1914 [Application for Tax Credits / Refunds].
- The newly revised form can be downloaded as “Annex A”, must be executed and filed by taxpayers applying for tax refund/credits.
RMC No. 100-2019
- This Circular was issued to prescribe the revised BIR Form No.23 [Certificate Payment/Tax withheld] January 2018 (ENCS) hereto attached as Annex “A” as amended due to the implementation by Republic (RA) No. 10963, known as the Tax Reform for Acceleration and Inclusion (TRAIN) Law. The revised certification must be made by the employer and given to each employee receiving a salary, indicating that the total amount paid and taxes have not been reflected from the calendar year.
RMC No. 106-2019
- Newly revised BIR Form No. 2000-OT [Documentary Stamp Tax Declaration/Return (One Time Transaction)] January 2018 (ENCS) hereto attached as Annex “A”, which was revised due to the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) Law.
RMC No. 126-2019
- It is observed that many withholding agents, particularly those who generate the BIR Withholding Certificates Forms through their Computerized Accounting System (CAS), clamor that they be allowed to use the old versions of the said Certificates Forms pending the required configuration of CAS to be undertaken in compliance with the existing revenue issuances.
- Hence, pending reconfiguration of CAS which shall not be beyond December 31,2019, withholding agents shall be allowed to use and issue old versions of the abovementioned Certificates Forms for all transactions covering the taxable year ending December 31 ,2019.
RMC No. 134-2019
- Issued to prescribe the newly-revised BIR Form No. 1702-EX
- The aforesaid return includes both the Optional Standard Deduction (OSD) and the itemized deductions, which are available to be claimed by General Professional Partnerships (GPPs).
- The revised manual return is already available in the BIR website under the BIR Forms- lncome Tax Return Section and in the Offline (eBIRForms) Package v7.5. However, the form is not yet available in the Electronic Filing and Payment System (eFPS).
RMC No. 139-2019 (1601-EQ, 1602Q)
- This Tax Alert is issued to notify all concerned with the newly issued BIR Form 1602Q and to improve BIR Form 1601-EQ, in connection with the implementation of the TRAIN Law (RA 10963).
- The newly released BIR Form 1602Q will be used by banks and other Institutions in remitting their quarterly final taxes withheld on interest paid on deposits and yields or any other monetary benefit from deposits of substitutes and trust fund and similar arrangements.
- BIR Form 1601-EQ was amended as a result of certain changes in the rate of creditable withholding tax on MERALCO payments and interest income on all other debt instruments, not within the coverage of deposit substitutes (i.e. from 32% / 20% to 15%).
- The new/improved returns are already available manually and can be downloaded from the BIR website. However, it is not yet available on the Electronic BIR Form (eBIRForm) and Electronic Filing and Payment System (EFPS). Thus, eFPS / eBIRForms filers must use the existing version of BIR Forms l601-EQ and 1602 with eFPS, and the existing version of BIR Form No. 1602Q in Offline eBlRForms Package v7.5 in filing and remitting taxes due thereon.
Those are the 14 RMCs regarding tax form changes with a kick of RMC 29 regarding the importance of Books of Accounts. Sometimes it gets tedious and time consuming to keep track of all form changes and your Books. JuanTax provides up to date Tax Forms and automates tax data all the way to your Books of Accounts. Did we miss any tax form changes? Comment them below.
