REVENUE REGULATIONS NO. 2-2011 issued on March 2, 2011 prescribes the filing of Income Tax Return (ITR) and/or Annual Information Return (AIR) by certain individual citizens, including estates and trusts, resident aliens and non-resident aliens engaged in trade or business in the Philippines. Starting with taxable year 2010, individuals, estates and trusts required under the law and existing issuances to file an ITR should file said ITR together with the AIR (BIR Form No. 1705). Said individuals, estate and trusts shall include in the AIR such income subject to final withholding tax and those exclusions from gross income under Section 32(B) of the Tax Code, as amended. Individuals not required to file ITRs or those qualified for substituted filing, may file an ITR, together with a duly accomplished AIR, for purposes of loans, foreign travel requirements, etc. The following are now required to file the AIR, which shall include such income subject to final withholding tax and those exclusions from gross income: (a) An individual with respect to pure compensation income, as defined in Section 32(A)(1), derived from sources within the Philippines, the Income Tax on which has been correctly withheld under the provisions of Section 79 of the Tax Code, as amended, whose annual taxable income exceeds Php 500,000.00: Provided, That an individual deriving compensation concurrently from two or more employers at any time during the taxable year shall file an ITR; (b) Individuals, estates and trusts whose sole income has been subjected to final withholding tax under Section 57 (A) of the Tax Code, as amended, with aggregate final tax withheld exceeding Php 125,000.00 annually, whether or not remitted to the BIR; and (c) Individuals whose sole income is exempt from Income Tax and whose total annual income (exempt) exceeds Php 500,000.00. The filing of ITR (BIR Form Nos. 1700 or 1701) and/or AIR (BIR Form No. 1705), shall be filed in triplicate copies with the Revenue District Office (RDO) where the individual, including estates and trusts, is required to register or where the individual has his legal residence or place of business on or before the 15th day of April of each year covering income for the preceding taxable year. For the filing of AIR (BIR Form No. 1705) only under Section 4 of the Regulations, it shall be filed in triplicate copies with the Revenue District Office (RDO) where the individual, including estates and trusts, is required to register or where the individual has his legal residence or place of business on or before the 15th day of May of each year covering income for the preceding taxable year. The individuals, including estates and trusts, required to file the AIR under these Regulations shall attach the same to the ITR (BIR Form No. 1700 or 1701), which shall be accomplished and submitted manually in hard copy until such time that electronic filing thereof is available in the Electronic Filing and Payment System (eFPS). However, for individuals already availing of the eFPS services, and who have been required under these Regulations to attach an AIR, they shall continue filing electronically their ITR but shall submit the hard copy of the e-filed return, together with the hard copy of the AIR, to the concerned RDO within 10 days from the filing of their electronic return. The procedure of attaching the AIR with the ITR shall cover income earned for taxable year 2010 or until such time that its details are integrated in the enhanced version of the ITR (BIR Form No. 1700 or 1701).