Summary
RMC No. 09-2014 further amends RMC No. 57-2011 (“Revised Form Nos. 1700, 1701 and 1702”) on supplemental information and form names.
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Key points
- Optional supplemental information. Disclosing Supplemental Information on BIR Form Nos. 1700 and 1701 is optional for income tax filing covering and starting with calendar year 2013, due on or before April 15, 2014.
- Form renaming. BIR Form No. 1702 is renamed 1702-RT, 1702-EX and 1702-MX, version 2013.
- Mandatory from calendar year 2014. For filing covering and starting with calendar year 2014, the Supplemental Information on Forms 1700 and 1701 becomes mandatory. Individual filers are advised to demand BIR Form No. 2307 and other evidence of final taxes withheld from payors, and to receipt and book tax-exempt income.
- Identification in returns. In any return filed with the BIR, individual taxpayers may use either their community tax certificate, passport, or driver’s license.
Who is affected
- Individual income tax filers using BIR Form Nos. 1700 and 1701
Deadlines and effectivity
- Optional for calendar year 2013, due on or before April 15, 2014
- Mandatory from calendar year 2014
- Issued February 11, 2014
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.