REVENUE MEMORANDUM ORDER NO. 2-2010 issued on January 8, 2010 amends certain
provisions of Revenue Memorandum (RMO) No. 4-2007, as amended by RMO Nos. 32-2008
and 8-2009, relative to the limitation on the amount and period of acceptance of income and
other tax payments by Revenue Collection Officers (RCOs) in areas where there are Authorized
Agent Banks.
Section II of RMO No. 32-2008, as amended by RMO No. 8-2009, was amended to read
as follows:
“4. There shall be no limitation in the amount of cash or check to be
accepted as payment of annual income taxes (BIR Form Nos. 1700, 1701
and 1702) by RCOs during the April income tax deadline.
However, for all the other taxes to be accepted, the issuance of
RORs shall be limited only to tax payments, in cash not exceeding the
amount of Twenty Thousand Pesos (Php 20,0000) per return. There shall
be no limit on the amount if payment is made thru checks.
x x x x x x x x x x x x x x x x x x x ’’
Section III. Policies and Guidelines, Item No. 2.e of RMO No. 4-2007 was likewise
amended to read as follows:
“e. For the annual income tax payment of individual taxpayers as well as
calendar-period corporate taxpayers, the issuance of RORs shall start five
REVENUE REGULATIONS NO. 10-2009 issued on December 23, 2009 amends further Sections 2.57.2 and 2.58 of Revenue Regulations (RR) No. 2-98, as amended, clarifying that sub-paragraph (W) as recently issued under RR No. 8-2009 should be sub-paragraph (X), and other concerns Section 2.57.2 of RR No. 2-98, as amended, is further amended, to read as follows: “Sec.2.57.2 Income payments subject to creditable tax and rates prescribed thereon. – Except as herein otherwise provided, there shall be withheld a creditable income tax at the rates herein specified for each class of payee from the following items of income payments to persons residing in the Philippines: xxx xxx xxx “(X) Income payments made by political parties and candidates of local and national elections of all their purchase of goods and services as campaign expenditures, and income payments made by individuals or juridical persons for their purchases of goods and services intended to be given as campaign contribution to political parties and candidates – Five percent (5%). Section 2.58 of RR No. 2-98, as amended, is further amended, to read as follows: “Sec.2.58 RETURN AND PAYMENT OF TAXES WITHHELD AT SOURCE – (A) Monthly return and payment of taxes withheld at source – (1) WHERE TO FILE – xxx xxx xxx Those not engaged in trade/business or practice of profession for a limited time during the election period designated as withholding agent pursuant to Section Sec.2.57.3 (D) and required to withhold income payment under 2.57.2 (X) using only Alphanumeric Tax Code Withholding Tax Individual (WI) 680 or Withholding Tax Corporation (WC) 680 in the remittance of taxes withheld using Monthly Remittance Return on Creditable Withholding Taxes at Source (BIR Form No. 1601-E) shall not be required to attach the Monthly Alphalist of Payees (MAP). (2) WHEN TO FILE – (a) xxx xxx xxx (b) xxx xxx xxx (B) xxx xxx xxx (C) Annual Information Return for income tax withheld at source. – The payor is required to file with the BIR-Large Taxpayers Assistance Division, Large Taxpayer District Office or Excise Taxpayers Assistance Division, or the Revenue District Office where the payor/employer is registered as Withholding Agent, on or before March 1 of the following year in which payments were made, an Annual Information Return of Creditable Taxes Withheld (Expanded)/ Income Payments Exempt from Withholding Tax (BIR Form No. 1604E) except withholding agents for a limited time during the election period under Sec.2.57.3(D) who are not engaged in business or practice of profession and using only Alphanumeric Tax Code Withholding Tax Individual (WI) 680 or Withholding Tax Corporation (WC) 680 whose due date shall be within thirty (30) days after the day of election, and on or before January 31 of the said year an Annual Information Return on Income Taxes Withheld on Compensation and Final Withholding Taxes (BIR Form No. 1604-CF), showing among other the following information: xxx xxx xxx ”