Prescribes the temporary use of BIR Form No. 0605 for the remittance of Creditable Withholding Tax (CWT) by Joint Ventures/Consortiums under Revenue Regulations (RR) No. 14-2023 while waiting for the finalization of the revised BIR Form No. 1601-EQ [Quarterly Remittance Return of Creditable Income Taxes (Expanded)], which shall include the additional Alphanumeric Tax Code (ATCs) for the different new CWT rates.
All concerned joint ventures/consortiums shall comply with the following procedures in remitting the CWT prescribed by RR No. 14-2023:
- BIR Form No. 0605 (Payment Form) shall be accomplished using only the electronic Filing and Payment System (eFPs) or the eBIRForms Package Facility.
- Fill-out, among others, the following fields of the said form by indicating the corresponding information:
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- For ATC – MC200
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- For Tax Type –WE
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- Under the “Manner of Payment”, Click the “OTHERS (Specify)” box and in the corresponding box, indicate the applicable information – “Income Payment for goods – 1%, Income payment for services – 2%, and/or Distributive Share of Co-venturer – 15%”
- Pay the corresponding taxes thru the online payment facilities of the BIR or manually thru the over-the-counter (OTC) facility of the appropriate Authorized Agent Banks (AABs), or Revenue collection Agents of the Revenue District Office where the taxpayer is duly registered.
The availability of the revised BIR Form No. 1601-EQ containing the new ATCs shall be announced through the issuance of another Revenue Memorandum Circular.