Special InTAX: October 2021 Issue 1 | Volume 1

 

Bureau of Internal Revenue

 

The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 111-2021, 20 October 2021, to announce the availability of Offline Electronic Bureau of Internal Revenue Forms (eBIRForms) Package Version 7.9.2.

The new Offline eBIRForms Package is downloadable from the following sites:

1.  www.bir.gov.ph; and

2.  www.knowyourtaxes.ph

Further, the package includes the January 2018 version of the following BIR forms:

1.  BIR Form No. 2552 (Percentage Tax Return for Transactions Involving Shares of Stock Listed and Traded Through the Local Stock Exchange or Through Initial and/or Secondary Public Offerings);

2.  BIR Form No. 1600-VT (Monthly Remittance Return of Value-Added Tax Withheld);

3.  BIR Form No. 1600-PT (Monthly Remittance Return of Other Percentage Taxes Withheld);

4.  BIR Form No. 1707 (Capital Gains Tax Return for Onerous Transfer of Shares of Stocks Not Traded Through the Local Stock Exchange); and

5. BIR Form No. 2200-C (Excise Tax Return for Cosmetic Procedures)

The package also contains bug fixes for BIR Form Nos. 1702-MXv2018 and 1702MXv2018C.

Lastly, the RMC prescribes the modes of payment of the tax due, as follows:

1.  Manual Payment

•  Authorized Agent Bank (AAB) located within the territorial jurisdiction of the Revenue District Office (RDO) where the taxpayer is registered; or
• In places where there are no AABs, return and tax due, shall be filed and paid to the concerned Revenue Collecting Officer (RCO) under jurisdiction of the RDO where the taxpayer is registered using Mobile Revenue Collecting Officer System (MRCOS) Facility.

2.   Online Payment

• Land Bank of the Philippines (LBP) Link.BizPortal – for taxpayers who have an ATM account with LBP and/or holders of Bancnet ATM/Debit Card; or
• Development Bank of the Philippines (DBP) Tax Online – for taxpayers-holders of Visa/Master Credit Card and/or Bancnet ATM Debit Card; or
• Union Bank Online Web and Mobile Payment Facility – for taxpayers who have an account with Union bank; or
• PESONet through LBP Link.BizPortal – for taxpayers who have an account with Rizal Commercial Banking Corporation (RCBC), Robinsons Bank, Union Bank and Bank of the Philippine Islands (BPI); or
• Mobile Payment (GCASH/PayMaya).

 

Attached is the full text of the issuance.

Revenue Memorandum Circular No. 111-2021