BIR Releases Guidelines on the Filing and Payment of Income Tax Returns for 2019 in the Philippines
The Bureau of Internal Revenue (BIR) releases Revenue Memorandum Circular (RMC) No. 42-2020 declaring guidelines on the filing and payment of Income Tax Returns (ITRs) for the taxable year 2019.
BIR directs the following taxpayers to file and pay their respective ITRs in accordance with the issued “Annex A”:
- Those who will be filing manually
- Those who will be using the thee offline eBIRForms Package
- Those who are enrolled under the Electronic and Filing Payment System (eFPS)
ANNEX A
BIR FORM NO. | FILING INSTRUCTIONS | PAYMENT INSTRUCTIONS |
1700 January 2018 (ENCS) Individuals earning purely compensation whose income tax has been correctly withheld (tax due equals tax withheld) | If the employee availed of the substituted filing, no need to file a return. | For Manual and eBIRFormss Filers a.) Manual Payment
b.) Online Payment **
For eFPS Filers – ePay through the eFPS Facility |
1700 January 2018 (ENCS) Individuals earning purely compensation with two or more employers | Manual Filers – use the pre-printed return available in the Revenue District Office (RDO) – or the downloadable return found in the BIR website – or the return in the Offline eBIRForms Package v7.6. The package can be downloaded from the BIR website. a.) With tax due/payment
b.) Without tax due/payment
eBIRForms Filers/Users – Use the Offline eBIRForms Package v7.6 in filling-out the return. The package can be downloaded in the BIR website, and if: a) With tax due/payment – aAfter filling-out the return, submit the return online then
b) Without tax due/payment – fFile the “no payment” return thru the Offline eBIRForms Package v7.6 by submitting the return online Electronic Filing and Payment System (eFPS) Filers/ Users of the following: a.) BIR Form Nos. 1700, 1701 and 1701A
b.) BIR Form Nos. 1702-EX, 1702-MX, and 1702-RT
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1700 January 2018 (ENCS) Non-Resident Alien not engaged in trade or business in the Philippines but receiving income from sources within the Philippines | ||
1701 January 2018 (ENCS) Individuals with business/practice of profession income only and the method of deduction used is itemized deduction | ||
1701 January 2018 (ENCS) Individuals with business/practice of profession income and at the same time with compensation income (mixed income earner) | ||
1701 January 2018 (ENCS) Estates engaged in trade or business | ||
1701 January 2018 (ENCS) Trusts engaged in trade or business | ||
1701A January 2018 (NEW) Individuals with business/ practice of profession income only and the method of deduction used is optional standard deduction | ||
1701A January 2018 (NEW) Individuals with business/ practice of profession income only and opted to avail of 8% flat income tax rate | ||
Corporation, Partnership and other Non-Individual who are subject only to regular income tax rate of 30% | ||
Corporation, Partnership and other Non-Individual who are exempt from income tax or subject to 0% (e.g. PEZA –registered business with ITH, BOI –registered business with ITH, GPP, cooperatives, etc.) | ||
Corporation, Partnership and other Non-Individual who are subject to: Special Rate of 5% or 2%, etc. (with or without Regular IT Rate of 30% and/or Exempt or 0%) |
SOURCE: BIRureau of Internal Revenue (www.bir.gov.ph)