New and revised BIR Forms now available

TO further implement the Tax Reform for Acceleration and Inclusion ( TRAIN) Law, the Bureau of Internal Revenue ( BIR) has recently issued Revenue Memorandum Circular ( RMC) Nos. 26, 27, and 28- 2018 to announce the availability of new and revised BIR Forms. Taxpayers shall file and/ or pay through the following modes:

BIR Form No. BI R Form Name Availability of the New/ Revised Return

1. 1601- EQ Quarterly Remittance Return of Creditable Income Taxes Withheld ( Expanded) Manual return, eBIR Forms, eFiling and Payment System ( eFPS)

2. 1601- FQ Quarterly Remittance Return of Final Income Taxes Withheld Manual return, eBIR Forms, eFPS

3. 1602Q Quarterly Remittance Return of Final Taxes Withheld on Interest Paid on Deposits and Deposit Substitutes/ Trusts/ Etc. Manual return

4. 1603Q Quarterly Remittance Return of Final Income Taxes Withheld on Fringe Benefits Paid to Employees Other than Rank and File Manual return

5. 1601- C Monthly Remittance Return of Income Taxes Withheld for Compensation Manual return

6. 2551Q Quarterly Percentage Tax Return Manual return

The required attachment of the Quarterly Alphanumeric list ( Alphalist) of Payees ( QAP) for creditable/ final income taxes withheld shall still be submitted to esubmission@bir.gov.ph or to the dedicated e-

e-mail address of Revenue District Office (RDO) having jurisdiction over the registered address of the withholding agent, using the revised Alphalist Data Entry and Validation Module v6 that can be downloaded from the BIR website (www.bir.gov.ph).

On the other hand, eFPS and eBIR Forms filers of final taxes withheld on interest paid on deposits and deposit substitutes/ trusts and fringe benefits paid to employees other than rank and file, percentage tax, and withholding tax on compensation shall still use the existing BIR forms in the eFPS and offline eBIR Forms Package v7 to remit the taxes withheld. Taxpayers shall use the newly revised return once it is available in eFPS or included in the updated version of the Offline eBIR Forms Package.