Special InTAX: December 2020 Issue 1 | Volume 1

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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special intax

Bureau of Internal Revenue

 

The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 125-2020, 26 November 2020, to disseminate the availability of BIR Form No. 1601-C (Monthly Remittance Return of Income Taxes Withheld on Compensation) January 2018 (ENCS) in the Electronic Filing and Payment System (eFPS).

RMC 125-2020 provides that Withholding Agents/Payors who are eFPS filers shall use the BIR 1601-C in filing and remitting the taxes withheld on compensation in accordance with the business industry grouping in Revenue Regulations No. 26-2002.

 

Attached is the full text of the issuance.

 

RMC No. 125-2020

 

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