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Annual Income Tax Returns

Revenue Regulations No. 5-2024

2024-04-17T17:04:54+08:00

This Revenue Regulation implements Sections 76(C), 112(C), 112(D), 204(C), 229 and 269(J) of the Tax Code of 1997, as amended by Republic Act No. 11976 (Ease of Paying Taxes (EOPT) Act), on tax refunds. The Regulations shall cover tax credit/refund claims that are filed starting July 1, 2024, onwards and implements the following: (A) Section 112(C) of the Tax Code that introduced the risk-based approach to verification of VAT refund claims; (B) Section 112(D) of the Tax Code which clarified the liability of the taxpayer-claimant and the BIR in case of disallowance by the Commission of Audit (COA); (C) Section 76(C) [...]

Revenue Regulations No. 5-20242024-04-17T17:04:54+08:00

Revenue Memorandum Circular No. 51-2024

2024-04-13T13:46:07+08:00

Guidelines in the Filing of Annual Income Tax Returns and Payment of Taxes Due Thereon for Calendar Year 2023  The Guidelines in the filing of the AITR for the Calendar Year 2023 and the Payment of taxes due thereon are as follows:  Filing of Tax Returns  Electronic Filing and Payment System (eFPS) Filers/Users  Taxes mandated to use the eFPS shall file the AITR electronically and pay the taxes due thereon through the eFPS-Authorizes Agent Banks (AABs) where they are enrolled. The AITRs available in the eFPS are BIR Form Nos. 1700, 1707A, 1701, 1702RT and 1702-EX. BIR Form No. 1702-MX is [...]

Revenue Memorandum Circular No. 51-20242024-04-13T13:46:07+08:00
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