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Home » RMC No. 16-2020

RMC No. 16-2020

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REVENUE MEMORANDUM CIRCULAR NO. 16-2020 issued on February 27, 2020 circularizes the availability of Offline Electronic Bureau of Internal Revenue Forms (eBIRForms) Package Version 7.6, which is currently downloadable from www.bir.gov.ph and www.knowyourtaxes.ph.

The new Offline eBIRForms Package now includes the January 2018 (ENCS) version of the following forms:
a. 1700v2018 – Annual Income Tax Return for Individuals Earning Purely Compensation Income (Including Non-Business/Non-Profession Income)
b. 1702MXv2018 – Annual Income Tax Return for Corporation, Partnership and Other Non-Individual with MIXED Income Subject to Multiple Income Tax Rates or with income subject to SPECIAL/PREFERENTIAL RATE

Field validation and automated computation on BIR Form No. 1701 [Annual Income Tax Return for Individuals (including MIXED income earner), Estates and Trusts] is already implemented in the new Offline eBIRForms Package.

Payment of the taxes due thereon, if any, shall be made thru:
a. Manual Payment
• Authorized Agent Bank located within the territorial jurisdiction of the Revenue District Office (RDO) where the taxpayer is registered; or
• In places where there are no AABs, the return shall be filed and the tax due shall be paid with the concerned Revenue Collection Officer under the jurisdiction of
the RDO using the Mobile Revenue Collection Officer System facility.
b. Online Payment
• Thru GCash Mobile Payment;
• Landbank of the Philippines (LBP) Link.biz Portal – for taxpayers who have ATM account with LBP and/or holders of Bancnet ATM/Debit Card;
• Development Bank of the Philippines Tax Online – for taxpayers who are holders of VISA/Master Credit Card and/or Bancnet ATM/Debit Card;
• Union Bank Online Web and Mobile Payment Facility – for taxpayers who have account with Union Bank; or
• PESONet through LPB Link.biz Portal – for taxpayers who have account with RCBC and Robinsons Bank.

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