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Annual Income Tax Return

Revenue Regulations No. 4-2024

2024-04-17T16:22:46+08:00

This Revenue Regulation implements Sec 22, 34, 51(A) (2)(e), 51(D), 56(A)(1), 58(A), 58(C), 58(E), 77, 81,90,91,103,114,128,200 and 248 of the Tax Code of 1997, as amended by Republic Act No. 11976 (Ease of Paying Taxes [EOPT] Act) on the filing of tax returns and payment of taxes and other matters affecting the declaration of taxable income. The filing of tax returns shall be done electronically - on any of the available electronic platforms. However, in case of unavailability of the electronic platforms, manual filing of tax returns may be allowed. The civil penalty of 25% of the amount due in case [...]

Revenue Regulations No. 4-20242024-04-17T16:22:46+08:00

Revenue Memorandum Circular No. 39-2024

2024-04-06T15:57:46+08:00

This Circular is issued to announce the availability of BIR Form No. 1701 [Annual Income Tax Return for Individuals (including MIXED Income Earner), Estates and Trust] in the Electronic Filing and Payment System (eFPS). The aforementioned BIR Form shall be filed on or before April 15 of each year covering income for the preceding taxable year.  eFPS users/filers who are mandated and required to file the said return and pay the corresponding tax due thereon, if any, shall use the eFPS Facility effective immediately. Likewise, eFPS users/filers who already filed their BIR Form No. 1701 for the taxable year 2023 using [...]

Revenue Memorandum Circular No. 39-20242024-04-06T15:57:46+08:00

Revenue Memorandum Circular No. 23-2024

2024-02-19T16:06:20+08:00

This circular is issued to announce the availability of BIR Form No. 1701A [Annual Income Tax Return for Individuals Earning PURELY from Business/Profession (Those under the graduated income tax rates with OSD as mode of deduction OR those who opted to avail of the 8% flat income tax rate)] in the Electronic Filing and Payment System (eFPS).  The return shall be filed on or before April 15 each year covering income for the preceding taxable year. Mandated eFPS users/filers who are required to file the said return are advised to check if it is already included in the list of tax [...]

Revenue Memorandum Circular No. 23-20242024-02-19T16:06:20+08:00

Revenue Memorandum Circular No. 74-2023

2023-07-12T12:25:57+08:00

Revenue Memorandum Circular No. 74-2023 prescribes the standard templates for the "Sworn Statement” and “Sworn Declaration” that shall be submitted by the domestic corporation as an attachment to the Annual Income Tax Return (AITR) pertaining to the taxable year when the dividend is received and to the AITR for the immediately succeeding taxable year, respectively. The required sworn statement/declaration is part of the requirements for availing the income tax exemption of foreign-sourced dividends pursuant to Section 27 (D)(4) of the National Internal Revenue Code, as amended.  Considering that the prescribed templates pursuant to RR No. 5-2023 only include dividend income received [...]

Revenue Memorandum Circular No. 74-20232023-07-12T12:25:57+08:00
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