REVENUE MEMORANDUM CIRCULAR NO. 21-2013 issued on March 1, 2013 amends Revenue Memorandum Circular No. 57-2011, entitled “Revised Forms No. 1700, 1701 and 1702”.

     The amendment consists mainly in making the disclosure of Supplemental Information under BIR Forms Nos. 1700 and 1701 optional on the part of the taxpayer for Income Tax filing covering and starting with calendar year 2012, due for filing on or before April 15, 2013, and renaming of BIR Form No. 1702 as a November 2011 version.

     Individual Income Tax filers using Forms No. 1700 and 1701 are however advised that for Income Tax filing covering and starting with calendar year 2013, the disclosures required under the Supplemental Information portion of the said forms will be mandatory. Thus, the taxpayers are advised to demand from their payors, and properly document their BIR Form No. 2307 and other pieces of evidence for final taxes withheld. Likewise, said taxpayers should properly receipt and book their tax-exempt income.