Summary
RMC No. 18-2024 announces that BIR Form Nos. 1700 and 2000 are now available in the Electronic Filing and Payment System (eFPS).
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Key points
- BIR Form No. 1700. This is the Annual Income Tax Return for Individuals Earning Purely Compensation Income, including non-business or non-profession related income. It is due on or before April 15 of each year for income of the preceding taxable year.
- BIR Form No. 2000. This is the Monthly Documentary Stamp Tax Declaration/Return. It is due within five (5) days after the close of the month when the taxable document was made, signed, issued, accepted or transferred, or when reloading a metering machine becomes necessary, or upon remittance by revenue collection agents of collections from sale of loose stamps.
- Mandatory eFPS use. Taxpayers mandated to use the eFPS file these returns and pay any tax due through the eFPS, effective immediately.
Who is affected
- Taxpayers mandated to use the eFPS
Deadlines and effectivity
- BIR Form 1700: on or before April 15 of each year
- BIR Form 2000: within five (5) days after the close of the month
- eFPS use effective immediately
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.