Special InTAX: August 2020 Issue 1 | Volume 4

InTAX is an official publication of R.G. Manabat & Co.'s Tax Group

InTAX is an official publication of R.G. Manabat & Co.'s Tax Group

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Bureau of Internal Revenue

 

The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 82-2020, 10 August 2020, to prescribe guidelines on the use of the electronic Audited Financial Statement (eAFS) System for the submission of attachments to the Income Tax Returns (ITRs) of taxpayers with fiscal year accounting period, as well as the attachments to the quarterly ITR.

Salient points of RMC No. 82-2020 are as follows: 

 

  • For submission of attachments to ITRs of taxpayers adopting the fiscal year accounting period, the three (3) sets of files for each group of scanned documents for manually and electronically filed documents prescribed under RMC No. 49-2020 shall still be followed. File 1 pertains to the ITR. File 2 refers to the Audited Financial Statements (AFS), while File 3 pertains to other attachments. Naming conventions for each file are prescribed in RMC No. 82-2020 wherein details such as the 9-digit TIN, month end of the taxable year and the taxable year ended of the taxpayer should be specified. Other attachments should be numbered from 1-99;
 
  • Attachments to quarterly ITRs may also be submitted through eAFS. File 1 pertains to the quarterly ITR or the filing reference number/email notification of electronically filed quarterly ITRs. File 3 refers to the other attachments such as the email confirmation receipt of the SAWT in the eSubmission Facility, BIR Form Nos. 2307/s, Tax Debit Memo/s and others. Naming conventions for each file are prescribed in RMC No. 82-2020 wherein details such as the 9-digit TIN, taxable quarter covered by the attachments, calendar month ending of the taxable quarter and the taxable year covered by the attachments should be specified. Other attachments should be numbered from 1-99 and file size must not exceed 4.8 GB.
 
  • Taxpayers must keep the original copies of the digitally submitted documents in accordance with Section 203 of the Tax Code, as amended, for the period as prescribed under Revenue Regulations No. 17-2013 and these files must be available upon the BIR’s request. 

 

Attached is the full text of the issuance.

RMC No. 82-2020

 

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