Bureau of Internal Revenue
The Bureau of Internal Revenue (BIR) posted an advisory on the BIR website on 16 February 2024 announcing the availability of the Alphalist Data Entry and Validation Module (Version 7.2) for use and download.
The enhanced version includes the revised income tax rates for taxable year 2023 under Republic Act (R.A.) No. 10963 (TRAIN Law) and the 5% tax credit incentive under R.A. No. 9505 (Personal Equity and Retirement Account or PERA Act of 2008).
Following Revenue Memorandum Circular (RMC) No. 25-2024, taxpayers have 30 days from the date the advisory was posted to submit their Alphabetical List of Employees/Payees from Whom Taxes Were Withheld (alphalists). Taxpayers with their own extract program shall observe the revised file structures and standard naming convention under RMC No. 25-2024.
[RGM&Co. Note: Taxpayers have 30 days from the date the advisory was posted (or until 18 March 2024 since the 30th day, i.e., 17 March 2024 falls on a Sunday) to submit the alphalists.]
Here is the full text of the issuance: Tax Advisory - Alphalist Data Entry and Validation Module Version 7.2.