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RMC No. 40-2022: Provides clarifications and guidelines on the use of Electronic Audited Financial Statement (eAFS) System

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Summary

RMC No. 40-2022 provides clarifications and guidelines on the use of the Electronic Audited Financial Statement (eAFS) System.

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Key points

  1. Submission to eAFS. Submission of eFiled Annual Income Tax Returns (AITR) and their attachments to eAFS applies to any taxable year and all succeeding fiscal and taxable years. The existing procedures for submission continue.
  2. Electronic signature. The use of Electronic Signature applies to all tax returns, attachments and documents required to submit the AITR and returns.

Deadlines and effectivity

  • Applies to any taxable year and all succeeding fiscal and taxable years

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.