Summary
RMC No. 16-2020, issued February 27, 2020, announces the availability of Offline Electronic Bureau of Internal Revenue Forms (eBIRForms) Package Version 7.6, downloadable from www.bir.gov.ph and www.knowyourtaxes.ph.
Key points
- New forms included. The package includes the January 2018 (ENCS) versions of 1700v2018, the Annual Income Tax Return for Individuals Earning Purely Compensation Income. It also includes 1702MXv2018, the Annual Income Tax Return for Corporation, Partnership and Other Non-Individual with MIXED Income Subject to Multiple Income Tax Rates or SPECIAL/PREFERENTIAL RATE.
- BIR Form No. 1701. Field validation and automated computation on BIR Form No. 1701 is already implemented in the new package.
- Payment channels. Manual payment is through an Authorized Agent Bank in the RDO where the taxpayer is registered, or with the Revenue Collection Officer through the Mobile Revenue Collection Officer System where there is no AAB. Online options are GCash, the Landbank Link.biz Portal, Development Bank of the Philippines Tax Online, the Union Bank Online Web and Mobile Payment Facility, and PESONet through the LPB Link.biz Portal for RCBC and Robinsons Bank account holders.
Who is affected
- Filers using the Offline eBIRForms Package
- Individuals earning purely compensation income
- Corporations, partnerships and other non-individuals with mixed income
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.