REVENUE MEMORANDUM CIRCULAR NO. 92-2025 issued on October 22, 2025 provides work-around procedures for the accomplishment of BIR Form No. 1602Q (Quarterly Remittance Return of Final Taxes Withheld on Interest Paid on Deposits and Yield on Deposit Substitutes/Trusts/etc.) in the light of increase in tax rate on foreign currency deposit from 15% to 20% pursuant to Revenue Regulations No. 21-2025 implementing Republic Act No. 12214 (Capital Markets Efficiency Promotion Act)

Pending the revision of BIR Form No. 1602Q in the said systems, all concerned taxpayers shall observe the following procedures in the accomplishment of the said return prior to its filing and payment of the corresponding taxes due thereon:

i. All eFPS and eBIRForms filers shall use the BIR Form No. 0605 in the filing and remittance of the final withholding tax on foreign currency deposit.

ii. Accomplish/Fill-out the necessary fields in BIR Form No. 0605 and indicate the following:
a. For ATC – MC200
b. For Tax Type – WB
c. For Manner of Payment – Click on “OTHERS” box and type “FWT CMEPA”

iii. Click on “Validate”

iv. Pay online the corresponding taxes due by proceeding the payment for eFPS filers and via online payment thru Maya (formerly Pay Maya), Landbank Electronic Payment Service (LBEPS) or BIR-DBP PayTax Online (BDPTO); or manual payment via over-the-counter (OTC) of Authorized Agent Banks (AABs) for eBIRForms filers.