Summary
RMC No. 19-2019 prescribes revised BIR Forms 1700, 1702-EX, 1702-RT and 1707 (Version January 2018), available on the BIR website under Income Tax Return.
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Key points
- Forms covered. BIR Form No. 1700 (individuals earning purely compensation income), 1702-EX (exempt non-individual taxpayers), 1702-RT (non-individual taxpayers subject only to regular income tax rate) and 1707 (capital gains tax return for onerous transfer of shares of stock not traded through the local stock exchange).
- eFPS and eBIRForms filers. The forms are not yet in eFPS and eBIRForms, so filers use the existing old version in eFPS and the Offline eBIRForms Package. The exception is BIR Form No. 1700, which is filed manually.
- Manual filers. Manual filers download and print the PDF version and fill out the applicable fields.
- Payment options. Manual and eBIRForms filers pay through an Authorized Agent Bank in the RDO where registered, or with the Revenue Collection Officer through the Mobile Revenue Collection Officers System where there is no AAB. Online options are GCash, the Landbank Linkbiz Portal and DBP Tax Online.
Who is affected
- Individuals earning purely compensation income
- Exempt non-individual taxpayers
- Non-individual taxpayers subject only to regular income tax rate
- Filers of capital gains tax on unlisted shares
Deadlines and effectivity
- Form version: January 2018
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.