REVENUE MEMORANDUM CIRCULAR NO. 25-2009 issued on May 11, 2009 circularizes the transition procedures for all Electronic Filing and Payment System (eFPS) filers in filing tax returns affected by the new legislative law (Republic Act No. 9504) and taxation on the sale to the Bangko Sentral ng Pilipinas (BSP) of gold and other metallic mineral products extracted or produced by small scale miners (per Revenue Regulations No. 7-2008).
Relative to the implementation of the new laws, the following BIR forms were enhanced:
a. Pursuant to Republic Act No. 9504
| Item No | BIR Form No. | Description | Form Version Date |
|---|---|---|---|
| 1 | 1601C | Monthly Remittance Return of Income Taxes Withheld on Compensation | July 2008 ENCS |
| 2 | 1604CF | Annual Information Return of Income Taxes Withheld on Compensation and Final Withholding Taxes | July 2008 ENCS |
| 3 | 1700 | Annual Income Tax Return For Individuals Earning Compensation Income and Marginal Income Earner (Including Non- Business/Non-Profession Related Income) | July 2008 ENCS |
| 4 | 1701 | Annual Income Tax Return For Self-Employed Individuals, Estates and Trusts (Including those w/ both Business & Compensation Income) | July 2008 ENCS |
| 5 | 1701Q | Quarterly Income Tax Return For Self-Employed Individuals, Estates and Trusts (Including those w/ both Business & Compensation Income) | July 2008 ENCS |
| 6 | 1702 | Annual Income Tax Return (For Corporations, Partnerships and Other Non- Individual Taxpayers) | July 2008 ENCS |
| 7 | 1702Q | Quarterly Income Tax Return (For Corporations, Partnerships and Other Non- Individual Taxpayers) | July 2008 ENCS |
b. Pursuant to Revenue Regulations No. 7-2008
| Item No | BIR Form No. | Description | Form Version Date |
|---|---|---|---|
| 1 | 1601E | Monthly Remittance Return of Creditable Income Taxes Withheld (Expanded) (Except for transactions involving onerous transfer or real property classified as ordinary asset) | August 2008 ENCS |
The enhanced forms are available for use in all Revenue District Offices (RDOs) and Large Taxpayers (LT) offices. However, the abovementioned enhanced BIR Forms are not yet available in eFPS.
In view of this, the following procedures shall be adopted by all eFPS filers:
- eFPS filers shall e- file using the existing online form with the following procedures:
- Fill- up the necessary fields of the corresponding available BIR form.
- Submit the filled-up return (disregard the system computed fields) and wait for the filing reference number.
- e-Pay the manually computed tax due (based on the enhanced BIR form).
- Submit Filing Reference Number Page, together with the properly filled-up applicable enhanced forms, to the RDOs and LT offices where they are registered 15 days after e- filing and e-payment. Manual submission shall no longer be required once the enhanced BIR Forms becomes available in eFPS.
- Once the enhanced forms are available in the eFPS, e-filers are required to amend the previously filed old tax returns in eFPS within five (5) days from date of announcement via the BIR Website by encoding the contents of the applicable enhanced forms formerly submitted to the RDO. e-Payment shall no longer be required if the tax due on the amended returns is equal to the amount previously paid. However, if the tax due on the amended return is greater than the amount previously paid, taxpayer shall e-pay the unpaid amount.