REVENUE MEMORANDUM  CIRCULAR  NO. 10-2015 issued on March 24, 2015 prescribes the policies in the filing of Income Tax Returns (BIR Form No. 1700) by employees belonging to employers identified as Large Taxpayers (LTs).
     All Revenue District Offices (RDOs) are directed to accept/receive BIR Form No. 1700 filed by employees employed by LTs. Income Tax Returns (ITRs) with no tax payment shall be manually filed using eBIRForms, in triplicate copies, with the RDO where the LT employer is physically situated/located. On the other hand, ITR with payment shall be filed/paid in any Authorized Agent Banks (AABs)/Revenue Collection Officers, Special Collecting Officers and other authorized Collection Officers within the concerned RDO. Also, taxpayers are encouraged to e-file and/or e-pay using the Electronic Filing and Payment System.
     However, new employees of LT registered where the LT employer is registered following Revenue Regulations (RR) No. 7-2012 and using Electronic Tax Information System shall file their no payment ITR with the concerned LT office or pay in any AABs (ITR with payment) of LT.
     Only employees not qualified for substituted filing are required to file BIR Form No. 1700 pursuant to RR No. 3-2002. Said employees include those deriving compensation income from two or more employers, concurrently or successively at any time during taxable year and employees deriving compensation income whose Income Tax has not been withheld correctly (i.e. tax due is not equal to the tax withheld). Employees qualified for substituted filing but opted to file an ITR for purposes of promotion (PNP/AFP), loans, foreign travel requirements, etc., can also file BIR Form No. 1700.