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BUREAU OF INTERNAL REVENUE

 

The Bureau of Internal Revenue (BIR) issued the following:

Revenue Memorandum Circular (RMC) No. 32-2018, 26 April 2018, to circularize the availability of the newly revised BIR Form No. 1701Q (Quarterly Income Tax Return for Individuals, Estates and Trusts) January 2018 (ENCS), as annexed thereto, for purposes of filing and paying quarterly income tax return starting the first quarter of 2018.

The RMC highlights that in case the taxpayer had already filed and paid income taxes due for the first quarter using the old return, the taxpayer is still required to file the quarterly income tax return using the newly revised form, which is available in the Offline eBIRForms Package v7.1, and mark the return as an amended return for purposes of determining whether the taxpayer is availing of the eight percent (8%) income tax rate based on gross sales/receipts and other non-operating income in lieu of graduated rates under Section 24 (A)(2)(a) and percentage tax under Section 116 of the National Internal Revenue Code of 1997, as amended.

The taxpayer shall also fill out the applicable fields/items in the newly revised return and indicate the amount paid in Item No. 59 if there is any payment using the old return. Should there be any resulting payable, the taxpayer shall pay the tax still due. Penalties shall apply for late payments.

The newly revised return is not yet available in the eFPS. In the meantime, eFPS filers shall use the newly revised return in the Offline eBIRForms Package v7.1 to file the quarterly income tax return for the first quarter of 2018.

In addition, the RMC advises that a taxpayer shall signify his/her intention to elect the eight percent (8%) income tax rate either by updating his/her registration using BIR Form No. 1905 or by checking/clicking Item No. 13 in BIR Form No. 2551Q or Item No. 16 in BIR Form No. 1701Q, and such election/option shall be irrevocable for the taxable year.

The RMC provides the guidelines and instructions for the said newly revised BIR form.

RMC No. 31-2018, 25 April 2018, to advise that all taxpayers who are mandated to use the eFiling and Payment System (eFPS) shall be allowed to file tax returns which deadlines fall on 25 April 2018, and pay the corresponding taxes due, if any, thru “over-the-counter” with any Authorized Agent Bank (AAB) under the jurisdiction of the Revenue District Office (RDO) where the taxpayers are registered without the corresponding payment of penalties for late filing until 26 April 2018.

Bank Bulletin No. 2018-09, 25 April 2018, to advise AABs to accept “over-the-counter” payments for all taxes paid through eFPS which deadlines fall on 25 April 2018 without corresponding penalties for late filing until an advisory about the restoration of eFPS has been issued.

 

Attached are the copy of the issuances for your reference:

 

• Revenue Memorandum Circular (RMC) No. 31-2018
• Over-the-Counter Acceptance of Certain Tax Returns/Payments of Internal Revenue Taxes Due to the Unavailability of the eFPS
• Guidelines and Instructions for BIR Form No.1701Q
• Revenue Memorandum Circular (RMC) No. 32-2018

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