Revenue Memorandum Circular No. 27-2018 explains the provisions on new and revised tax forms affected by the TRAIN law.
The rules and provisions listed in this Revenue Memorandum Circular focuses on the new and revised BIR tax forms that were affected by Republic Act No. 10963, also known as the Tax Reform for Acceleration and Inclusion (also known as TRAIN Law), such as 1601EQ, 1601FQ, 1601-C, 1602-Q and 1603-Q.
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