Availability of new BIR Forms 1604-C, 1604-F, 2306, 2307

Pursuant to the implementation of the Tax Reform for Acceleration and Inclusion (Train) Law, the Bureau of Internal Revenue (BIR) has recently issued Revenue Memorandum Circular 73 and 74-2019, prescribing the availability of the revised and enhanced version of the following BIR forms:

Starting calendar year 2019, separate annual information returns for income taxes withheld on compensation (BIR Form 1604C) and income payments subject to final withholding taxes (BIR Form 1604F) will be filed by withholding tax agents.

In addition to the new forms, a new format for the alphalist of employees was also issued by the BIR. The alphalist of employees was simplified to two schedules from the previous five schedules. The new alphalist now requires information on the employment status of employees: regular (R), casual (C), contractual/project-based (CP), seasonal (S), probationary (P), apprentice/learners (AL); and the reason of separation if applicable: terminated (T), transferred (TR), retirement (R) and death (D).

BIR Forms 2306 and 2307 on Final Withholding Tax and Creditable Withholding Tax, respectively, were enhanced to show the modified ATC schedules following the implementation of the Train Law.

The revised and enhanced forms are only available manually in the BIR website under the BIR Forms-Payment/Remittance Forms Section. A separate issuance will be issued by the BIR once the new forms are already available in the electronic filing and payment system and eBIRForms.

The RMCs are effective as of July 24, 2019.