New Annual Income Tax Return for Individuals now available

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Pursuant to the Tax Reform for Acceleration and Inclusion (Train) Law, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular 17-2019, requiring individual taxpayers to use the latest version of BIR Form 1701A, or the annual income tax return for individuals earning purely from business or profession, in filing their annual income tax return and paying their income tax dues for calendar year 2018 on or before April 15, 2019.

The new BIR Form 1701A is applicable whether the taxpayer has opted to use the eight (8) percent flat income tax rate or the graduated income tax rates with optional standard deduction or itemized deduction as the mode of deductions.

Taxpayer shall file and/or pay through the following mode:

 

  1. Manual Return

 

  1. The new return is already available under the BIR Forms-Income Tax Return section of the BIR website (bir.gov.ph).
  2. Manual filers shall download the PDF version of the new BIR Form No. 1701A, print it and then fill out the applicable items/fields.
  3. Payment of the income tax due thereon shall be made through:
    1. Manual Payment-
      • Authorized Agent Bank (AAB) located within the territorial jurisdiction of the Revenue District Office (RDO) where the taxpayer is registered
      • In places where there are no AABs, the return shall be filed and the tax due shall be paid to the concerned Revenue Collection Officer (RCO) under the jurisdiction of the RDO using the MRCOS

 

  1. Online Payment-
    • Through GCash Mobile Payment (once the form becomes available in the GCash)
    • Landbank of  the Philippines (LBP) Linkbiz Portal, for taxpayers who have ATM account with LBP and/or holders of Bancnet ATM/Debit Card
    • DBP Tax Online, for holders of VISA/Master Credit Card and/or Bancnet ATM/Debit Card

 

 

  1. Electronic Bureau of Internal Revenue Forms (eBIRForms)

 

  1. The new return is already available in the Offline eBIRForms Package 3.
  2. eBIRForms filers/individuals mentioned above shall download such eBIRForms package and use the new BIR Form 1701A in filing and paying the annual income tax due starting the year 2018 and which is due on or before April 15, 2019.
  3. Payment of the income tax due, if any, shall be made through:
    1. Manual Payment-
      • Authorized Agent Bank (AAB) located within the territorial jurisdiction of the Revenue District Office (RDO) where the taxpayer is registered
      • In places where there are no AABs, the return shall be filed and the tax due shall be paid to the concerned Revenue Collection Officer (RCO) under the jurisdiction of the RDO using the MRCOS

 

  1. Online Payment-
    • Through GCash Mobile Payment (once the form becomes available in the GCash)
    • Landbank of the Philippines (LBP) Linkbiz Portal, for taxpayers who have ATM account with LBP and/or holders of Bancnet ATM/Debit Card
    • DBP Tax Online, for holders of VISA/Master Credit Card and/or Bancnet ATM/Debit Card

 

 

  1. Electronic Filing and Payment System (eFPS)

 

  1. The new return is not yet available in the
  2. As a work-around procedure, the eFPS filers shall use the new return in the Offline eBIRForms Package 3 to file the annual income tax return for the year 2018.
  3. Payment of the income tax due, if any, shall be made through:
    1. Manual Payment-
      • Authorized Agent Bank (AAB) located within the territorial jurisdiction of the Revenue District Office (RDO) where the taxpayer is registered
      • In places where there are no AABs, the return shall be filed and the tax due shall be paid to the concerned Revenue Collection Officer (RCO) under the jurisdiction of the RDO using the MRCOS facility

 

  1. Online Payment-
    • Through GCash Mobile Payment (once the form becomes available in the GCash)
    • Landbank of the Philippines (LBP) Linkbiz Portal, for taxpayers who have ATM account with LBP and/or holders of Bancnet ATM/Debit Card
    • DBP Tax Online, for holders of VISA/Master Credit Card and/or Bancnet ATM/Debit

 

  1. In case the eFPS filers had already filed and paid the income tax due for the year 2018 using the old return (BIR Form 1701), taxpayer is still required to file the annual income tax return using the new BIR Form No. 1701A in the Offline eBIRForms Package v7.3 and mark the return as an amended return.

 

Taxpayer shall fill out the applicable fields/items in the new return and if there is any payment made using the old return, he/she shall indicate the amount paid in Item No. 61 (Tax Paid in Return Previously Filed, if this is an Amended Return) of the new return. If the computation resulted to a payable, taxpayer shall pay the tax still due thereon in accordance with number three (3) above of this RMC.