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RMC No. 68-2021: Prescribes the guidelines in the filing of BIR Form No. 1702Q January 2018 (ENCS) in the Electronic Filing and Payment System (eFPS) by taxpayers with Fiscal Year Accounting Period

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Summary

RMC No. 68-2021 gives guidelines for filing BIR Form No. 1702Q January 2018 (ENCS) in eFPS by taxpayers with a Fiscal Year Accounting Period.

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Key points

  1. Filing the return. eFPS filers with a Fiscal Year Accounting Period who cannot proceed with BIR Form No. 1702Q file it in Offline eBIRForms Package v7.9.1. The January 2018 version is not yet there, so they use BIR Form No. 1702Qv2008C, the modified 2008 version, downloadable from www.bir.gov.ph and www.knowyourtaxes.ph.
  2. Paying the tax. After submitting through eBIRForms, they fill out and e-File BIR Form No. 0605, then pay the income tax due through eFPS e-Payment. The codes are Tax Type Code Income Tax (IT) and ATC MC 200 Miscellaneous Tax.

Who is affected

  • eFPS filers with a Fiscal Year Accounting Period who cannot proceed in filing BIR Form No. 1702Q

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.