RMC No. 76-2019: Circularizes the availability of the new BIR Form No. 0620 (Monthly Remittance of Taxes Withheld on the Amount Withdrawn from the Decedent’s Deposit Account) and BIR Form No. 1621 (Quarterly Remittance of Taxes Withheld on the Amount Withdrawn from the Decedent’s Deposit Account)

Summary

RMC No. 76-2019 announces the availability of the new BIR Form No. 0620 (monthly) and BIR Form No. 1621 (quarterly) for remittance of taxes withheld on amounts withdrawn from a decedent’s deposit account.

Key points

1. Where to get the forms. Banks can download the forms from the BIR Forms-Payment/Remittance Forms section of the BIR website (www.bir.gov.ph).
2. Current availability. The forms are not yet available pre-printed, or in the Electronic Filing and Payment System (eFPS) or the eBIRForms.
3. Banks using PhilPaSS. Banks availing the Philippine Payment Settlement System are advised to file the forms manually and remit the tax until a written notice on their availability in the eFPS is issued.

Who is affected

• Banks holding decedents’ deposit accounts
• Banks using the Philippine Payment Settlement System (PhilPaSS)

Deadlines and effectivity

• Manual filing until written notice of availability in the eFPS

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.