Special InTAX: May 2020 Issue 2 | Volume 6

Bureau of Internal Revenue

 

The Bureau of Internal Revenue (BIR) issued Bank Bulletin No. 05-2020, 20 May 2020, to reiterate the relevant responsibilities of the Authorized Agent Banks (AABs) on the acceptance of AITRs for Calendar Year 2019 and other tax returns and the corresponding payments of the taxes due thereon, pursuant to Revenue Regulations No. 11-2020.

Please note of the following responsibilities of AABs:

º      Accept all tax payments, even for out-of-district returns.

º      Accept all tax payments from taxpayers using any of the following:

a.)  BIR official printed forms and copies of system-generated Filing Reference Numbers;

b.)  Photocopies of returns/computer-generated or electronically-filed tax returns; and

c.)  Downloaded BIR Forms/tax returns originally filled out and signed by the taxpayers or his duly authorized representative.

º      Receive the income tax returns and other returns by stamping the official receiving seal on the space provided. 

However, only 3 copies of the return shall be stamped “Received”, except for taxpayers covered by BIR Form No. 1702, where at least 2 additional copies of the audited financial statements, shall be stamped “Received” to satisfy the Securities and Exchange Commission’s requirements.

º      Stamp “Received” the attached financial statements only on the pages of the Audit Certificate, Balance Sheet, and Income Statement. 

º      Ensure that the pertinent portion of the income tax returns and other tax returns and/or deposit slips are machine-validated, and that the details of tax payments are clearly imprinted in all copies thereof. 

º     Accept payments for single tax liability/return made through checks or a combination of cash and check/s or a combination of two or more checks.  Further, to accept checks which are prepared payable to the BIR (with or without “IFO Name and TIN of the taxpayer” written on the check payment as previously required).  

º     Accept tax payments from taxpayers who are already within the bank’s premises by the close of the AAB’s banking hours. 

º    Accept check payments even after the bank clearing / cut-off time and just stamp the tax return “Received after cut-off/clearing” or with a similar stamp.

º    Accept the payment of manually filed and out-of-district returns from taxpayers enrolled in the Electronic Filing and Payment System (eFPS) in cases of unavailability of the eFPS facility, as announced by the BIR through an advisory posted in its website.

º   Do not impose penalties for any violations committed by the taxpayers in the filing of their tax returns and payments of internal revenue taxes, since the BIR will be the one to impose whatever appropriate penalties incident to the said violation, in accordance with the existing policy.

 

Attached is the full text of the issuance.

BankBulletin_2020-05_AcceptanceofTaxPayments