Special InTAX: April 2021 Issue 3 | Volume 3
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
Bureau of Internal Revenue
The Bureau of Internal Revenue (BIR) issued an Advisory, 30 April 2021, in relation to the implementation of the “Corporate Recovery and Tax Incentives for Enterprises (CREATE)” Law, amending the final withholding tax rates on certain nature implemented under Revenue Regulations No. 02-2021.
The pertinent points are as follows:
- Adjustments to the Quarterly Remittance Return of Final Income Taxes Withheld (BIR Form No. 1601-FQ) in eBIRForms Package v7.9 cannot be completed in time for the deadline for the filing and payment on 30 April 2021.
- All mandated users of eBIRForms whose nature of income were affected by the amendments shall use Payment Form No. 0605 in paying the final tax due.
- An appropriate advisory or revenue issuance shall be issued once the adjustments to the return are completed in the eBIRForms facility.
Attached is the full text of the issuance.
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