REVENUE MEMORANDUM CIRCULAR NO. 27-2018 issued on April 27, 2018 circularizes and prescribes the use of the new and revised BIR Forms affected by the Tax Reform for Acceleration and Inclusion (TRAIN) Law, to wit:
| BIR Form No. | BIR Form Name | Availability of the New/Revised Return |
|---|---|---|
| 1. 1601-EQ | Quarterly Remittance Return of Creditable Income Taxes Withheld (Expanded) | Manual Return, eBIRForms, eFPS |
| 2. 1601-FQ | Quarterly Remittance Return of Final Income Taxes Withheld | Manual Return, eBIRForms, eFPS |
| 3. 1602Q | Quarterly Remittance Return of Final Taxes Withheld on Interest Paid on Deposits and Deposits Substitutes/Trusts /Etc. | Manual Return |
| 4. 1603Q | Quarterly Remittance Return of Final Income Taxes Withheld on Fringe Benefits Paid to Employees Other Than Rank-and-File | Manual Return |
| 5. 1601-C | Monthly Remittance Return of Income Taxes Withheld for Compensation | Manual Return |
The new Manual Returns are already available under the BIR Forms-Payment/Remittance Form section of the BIR website (www.bir.gov.ph), for downloading and printing. Only the new BIR Form Nos. 1601-EQ and 1601-FQ are available in the Offline eBIRForms Package v7 and included in the BIR’s Electronic Filing and Payment System (eFPS).
The new tax returns shall be used in filing and remitting the creditable/final Income Taxes withheld for the quarter. The guidelines to be followed under the manual and electronic (via eBIRForms and eFPS) filing of said tax returns are specified in the Circular.