RMC No. 27-2013: Provides guidelines in the filing, receiving and processing of TY 2012 Income Tax Returns and prescribes the additional attachment of the regular allowable itemized deductions to BIR Form November 2011 ENCS versions

Key points

1. Individuals using itemized deductions. They attach the “Mandatory Attachment to BIR Form No. 1701” (Annex A). eFPS filers fill up the interactive BIR Form No. 1701 and attach it to the online form, together with Annex A.
2. Non-individual taxpayers. They attach the “Mandatory Attachment to BIR Form No. 1702” (Annex B), whether using optional standard deduction or itemized deductions. eFPS users use the BIR Form No. 1702 November 2011 ENCS version and attach Annex B electronically, and non-eFPS users attach it manually.
3. Interactive forms and extra sheets. Non-eFPS taxpayers are encouraged to use the interactive BIR Forms from the BIR website. If more rows are needed in a schedule, a separate sheet is attached and the phrase “Additional Sheet Attached” is written on the last line of the schedule.
4. 1701 e-filers. Schedules and attachments (such as Financial Statements and BIR Form 2307) may be filed with the LT office or RDO within 15 days after manual filing. The signed hard copy of the interactive ITR is submitted with the initial filing, and the return counts as filed when the initial e-filing was done.
5. Earlier itemized filers. Taxpayers who filed using the itemized method before the Circular must amend and attach the mandatory attachment.

Who is affected

• Individual taxpayers using itemized deductions
• Non-individual taxpayers
• eFPS filers and non-eFPS taxpayers

Deadlines and effectivity

• 2012 ITRs due on or before April 15, 2013
• Schedules and attachments: within 15 days after manual filing