Summary
RMC No. 21-2013 amends RMC No. 57-2011, “Revised Forms No. 1700, 1701 and 1702”, making the Supplemental Information on Forms 1700 and 1701 optional for calendar year 2012.
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Key points
- Optional for CY 2012. Disclosure of Supplemental Information under BIR Forms Nos. 1700 and 1701 is optional for Income Tax filing covering and starting with calendar year 2012, due on or before April 15, 2013.
- Form 1702 renamed. BIR Form No. 1702 is renamed as a November 2011 version.
- Mandatory from CY 2013. For filing covering and starting with calendar year 2013, the Supplemental Information disclosures on Forms No. 1700 and 1701 become mandatory. Individual filers are advised to demand and document BIR Form No. 2307 and other evidence for final taxes withheld, and to receipt and book tax-exempt income.
Who is affected
- Individual Income Tax filers using BIR Forms No. 1700 and 1701
Deadlines and effectivity
- CY 2012 returns due on or before April 15, 2013
- Supplemental Information mandatory starting CY 2013
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.