Summary
RMO No. 52-99 amends and clarifies the procedures in RMO No. 17-99 for processing refundable 1700 tax returns, including those claiming the P 2,400 deduction for health and/or hospitalization insurance premiums.
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Key points
- Who processes refunds. The Assessment Section of all Revenue District Offices, computerized or not, performs the same functions in processing refunds.
- Pre-audited refundable 1700s. They are forwarded to the Document Processing Division of the Information Systems Operations Service. Refundable 1700s are not processed at the Revenue Data Centers.
- P 2,400 insurance premium deduction. Claims for the allowable deduction of P 2,400 for premiums on health and/or hospitalization insurance are considered refundable, provided the amount was not reflected in the F2316 (Certificate of Income Tax Withheld on Compensation) issued by employers.
- Other returns. The Order also sets policies for Income Tax returns (ITRs) with a second installment and taxable returns where no payment was made at filing.
Who is affected
- Employees filing refundable BIR Form 1700 returns
- Revenue District Offices
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.