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  • Special InTAX: Let's Get on the TRAIN (Tax Alert 15)

Special InTAX: Let's Get on the TRAIN (Tax Alert 15)

Special InTAX: Let's Get on the TRAIN (Tax Alert 15)

InTAX is an official publication of Tax Group of R.G. Manabat & Co.

intax train

Let's Get on the TRAIN
 

BUREAU OF INTERNAL REVENUE

 

The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 27-2018, 16 April 2018, to prescribe the following new and revised BIR Forms:

BIR Form No. BIR Form name Availability of the new/revised return Amount to be indicated in the new return Additional information
1601-EQ Quarterly Remittance
Return of Creditable Income Taxes Withheld (Expanded)

✔  Manual

✔  eBIRForms

✔  eFPS

  • Total amount of taxes
    withheld for the quarter
  • Remittances made for the first 2 months of the quarter using BIR Form No. 0605 or the old returns (1601-E/1601-F) or the new remittance form under BIR Form No. 0619-E/0619-F, once available, shall also be reflected
  • In case manual and electronic filers have already remitted the creditable/ final income taxes withheld for the 3rd month using BIR Form No. 0605 or the old returns or the new remittance form under BIR Form No. 0619-E/0619-F, once available, the taxpayers concerned still need to file the quarterly return
  • Over-remittance of 1601-EQ can be carried over to the next quarter within the same taxable year
  • Required attachment of Quarterly Alphalist of Payees (QAP) shall be submitted through esubmission@bir.gov.ph or through the email address of the RDO having jurisdiction over the registered address of the withholding agent using the revised Alphalist Data Entry and Validation Module 6.0
1601-FQ Quarterly Remittance
Return of Final Income Taxes Withheld
1602Q Quarterly Remittance
Return of Final Taxes Withheld on Interest Paid on Deposits and Deposits
Substitutes/ Trusts/Etc
✔  Manual 
  • Total amount of taxes withheld for the quarter
  • In case electronic filers have already remitted the taxes withheld for the 1st and 2nd months using BIR Form No. 0605 or 1602 or the new remittance form under BIR Form No. 0619-F, the amount to be remitted is only the taxes withheld for the third month
  • In case manual filers have already remitted the taxes withheld for the 3rd month using BIR Form No. 0605 or the old return or the new remittance form under BIR Form No. 0619-F, once available, taxpayers concerned still need to file the quarterly remittance return
  • Over-remittance can be carried over to the next quarter within the same taxable year
1603Q Quarterly Remittance
Return of Final Income Taxes Withheld on Fringe Benefits Paid to Employees
Other Than Rank and File
 
  • For electronic filers, the tax rate of the alphanumeric tax code (ATC) WF360 is still 32% in BIR Form No.1603. To complete the 35% tax rate, electronic filers shall use and file BIR Form No. 0605 for the 3% deficiency tax reflecting the following
a. Tax Type: WR Withholding Tax – Fringe Benefits
b. ATC MC 031 – Deficiency Tax
1601-C Monthly Remittance
Return of Income Taxes Withheld for Compensation
   

Attached is a copy of RMC 27-2018 and Annexes A-E for your reference.

Annex A

Annex B

Annex C

Annex D

Annex E

RMC 27-2018

 

 

DISCLAIMER: The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although R.G. Manabat & Co. endeavors to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

For any queries, you may contact any member of the InTAX Editorial Board or send your questions to ph-inquiry@kpmg.com.

© 2025 R.G. Manabat & Co., a Philippine partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

 

For more detail about the structure of the KPMG global organization please visit https://kpmg.com/governance.

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© 2025 R.G. Manabat & Co., a Philippine partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

 

For more detail about the structure of the KPMG global organization please visit https://kpmg.com/governance.

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