REVENUE MEMORANDUM CIRCULAR NO. 43-2012 issued on August 10, 2012 announces to all Electronic Filing and Payment System (eFPS) filers the availability of the Enhanced Annual Income Tax Return (BIR Form No. 1702) in the eFPS facility prescribed under RR No. 19-2011 covering and starting Calendar Year 2011, as well as juridical entities starting with those covered under ending January 31, 2012.
          The following guidelines are to be undertaken, to wit:
          a. All eFPs filers are required to encode the contents of the return previously filed on or                      before August 31, 2012.
          b. ePayment shall no longer be required if the tax due on the e-filed return is equal to the                    amount previously paid. However, if the tax due on the efiled return is greater than the                    amount previously paid, taxpayer shall e-pay the unpaid amount, subject to applicable                    penalties in case e-filing is made after the due date for payment of income tax due.
          c. In case taxpayers avail of tax relief under Special or International Tax Treaty, follow the                    procedures specified in the Circular.
          d. The Filing Reference Number (FRN) shall be generated as proof that the return has been                 received by the Bureau which the taxpayer should print for future reference;
          e. The “Proceed to payment” button shall only be enabled if there is tax still payable. In this                case, taxpayer should follow the existing procedures on ePayment.
     The accompanying schedules and attachments (i.e. Financial Statements, Statement of Management Responsibility, BIR Form 2307, etc.) should have been filed with the concerned Large Taxpayers Office/Revenue District Office where they are registered within 15 days after the initial filing of the Annual Income Tax Return. The corresponding penalties shall be imposed if the schedules and attachments are filed late.