taxable year 2023

Revenue Memorandum Circular No. 39-2024


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. 36-2024


Effective July 1, 2023, the MCIT rate returned to its old rate of Two Percent (2%) based on the gross income of the corporation. In computing the MCIT, the gross of the corporation. In computing MCIT, the gross income shall be divided by 12 months to get the average monthly gross income and apply the rate of 1% for the period January 1 to June 30, 2023 and 2% for the period July 1 to December 31, 2023. For ease of computation, the rates below corresponding to the taxable period of the taxpayer may be used:  Annual Accounting Period  MCIT 2%/1%  [...]

Revenue Memorandum Circular No. 36-20242024-03-12T09:03:21+08:00

Revenue Memorandum Circular No. 25-2024


This circular is issued to amend the pertinent provisions of Revenue Memorandum Circular No. 16-2024, more particularly, on the extension of the deadline of submission of Alphabetical List of Employees/ payees from Whom Taxes Were Withheld (Alphalist) for the taxable year 2023. Those taxpayers with their own extract program shall strictly observe the attached revised file structures and standard naming convention. Moreover, in order to provide all concerned taxpayers sufficient time to submit the alphalist for the taxable year 2023, the deadline of submission thereof shall be thirty (30) days from the date of posting of a tax advisory on the [...]

Revenue Memorandum Circular No. 25-20242024-02-19T16:44:05+08:00
Go to Top