Special InTAX: April 2021 Issue 1 | Volume 5

Bureau of Internal Revenue

 

The Bureau of Internal Revenue (BIR) issued the following:

Revenue Memorandum Circular (RMC) No. 43-2021, 31 March 2021, to prescribe the revised guidelines on the use of the electronic AuditFinancial Statements (eAFS) System in the submission of duly filed Income Tax Return (ITR) and its required attachments, including BIR Form No. 1709.

For submission of attachments to the ITR, the following naming conventions shall be observed:

File 1 – ITR: EAFSXXXXXXXXXITRTYMMYYYY

File 2 – AFS: EAFSXXXXXXXXXAFSTYMMYYYY

File 3 – Form 1709: EAFSXXXXXXXXXRPTTYMMYYYY

File 4 – Tax Credits: EAFSXXXXXXXXXTCRTYMMYYYY-01

File 5 – Other Attachments: EAFSXXXXXXXXXOTHTYMMYYYY

Where   : XXXXXXXXX, is the 9-digit TIN

            : TY is the placeholder for Taxable Year to identify it as annual submission

            : MM is the month-end of the Taxable Year

            : YYYY is the Year Ended.         

            : 01 is the first file of other attachments up to 99 (applicable only for File 4 – Tax Credits)

The RMC likewise include the list of documents that are required to be scanned and the classification with the corresponding naming conventions of the scanned files.

The RMC shall take effect immediately.

RMC No. 44-2021, 31 March 2021, to amend RMC No. 76-2020 to include the submission of BIR Form No. 1709 (Information Return on Transactions with Related Party or RPT Form) through the eAFS System. Pertinent provisions are as follows:

• The RPT Form shall be filed either at the Revenue District Office (RDO) where the taxpayer is registered or electronically through the eAFS System.

•  For manual filers who opt to submit manually, the RPT Form must be submitted together with the Annual Income Tax Return (AITR) and other required attachments at:

1.  The Large Taxpayers (LT) Divisions/RDO where the taxpayer is registered, if without tax payable, within 15 days from the statutory date of filing the AITR or electronic date of filing of the AITR, whichever comes later; or

2.  Through the Authorized Agent Banks (AAB), if with tax payable, on or before the statutory due date of filing of the AITR.

• For electronic filers who opt to submit manually, the hard copy of the RPT Form must be submitted and stamped “Received” at the LT Division/RDO where the taxpayer is registered within 15 days from the statutory date of filing the AITR or electronic date of filing of the AITR, whichever comes later.

•  For taxpayers who opt to submit electronically through the eAFS System, regardless if manual or electronic , the email confirmation with a system generated Transaction Reference Number shall serve as proof of submission. Submission must be made within 15 days from the statutory due date of filing the AITR or electronic date of filing of the AITR, whichever comes later.

• The RMC shall take effect immediately.

BIR Tax Advisory, 06 April 2021, to inform individual taxpayers who are eFPS users to file and/or pay their Annual Income Tax Return for calendar year 2020 using the Offline eBIR Forms Package v.7.8 or the latest version, if any. Once the January 2018 Version of BIR Form No. 1701 and 1701A becomes available in the eFPS, a RMC shall be issued.

The advisory also provides that payment of the taxes due, if any, shall be made through manual payment and/or online payment. The advisory listed the online facilities for online payment.

 

Attached are the full texts of the issuances.

BIR_Advisory_2021-04-06_eFPSUsers-IndividualFilers

Revenue Memorandum Circular No. 43-2021 revised

Revenue Memorandum Circular No. 44-2021 revised