RMC No. 49-2020: Options in Accepting the Filed 2019 ITR

We summarized important notes for RMC 49-2020. Here’s what you need to know.

BIR Released RMC 49-2020 to help taxpayers be tax compliant electronically. Here’s what BIR provided in RMC 49-2020.

Summary:

1. Manually – Submission thru RCO
2. Electronically – Submission through eAFS

• www.bir.gov.ph
• Click on the icon eAFS
• Upload tax return using required format (pdf )
• eAFS will issue Transaction Reference Number
• eAFS will send email confirmation

The Bureau of Internal Revenue (BIR) as of May 20, 2020, gave Revenue Memorandum Circular No. 49-2020 (RMC No. 49-2020), which is effective immediately. The subject of this memorandum is  “Providing Additional Options in the Acceptance and Processing of the field 2019 Income Tax Return and Its Required Attachments and Providing Guidelines Thereon”.

This circular was issued to provide taxpayers options for the submission of the filed 2019 Income Tax Return and the required attachments.

• Submission Through RCO’s

Taxpayers are allowed to submit their Annual Income Tax Returns and required attachments to the Revenue Collection Office nearest to them, despite Revenue District Office jurisdiction.

1. Income Tax Return payments made thru the online payment facilities of the AABs or RCO’s shall:
2. 1. Stamp “Received” the returns
      1. Income Tax Return can only be stamped on the following pages ONLY:
         • Balance Sheet
         • Income Statement
         • Audit Certificate (if applicable)

1. 1. 2. In case of corporations and other juridical persons have at least 2 extra copies of the Audited Financial Statements for filing with the Securities and Exchange Commission (SEC).

1. 1. Batch and forward the returns and their respective attachments to the concerned Document Processing Division of the Revenue Region
2. For Income Tax Returns filed electronically, the RCO’s/Cos will accept and stamp “Received” only on the copies of the Filing Reference Number generated from the eFPS/Email Confirmation from the eBIR Forms systems and the Financial statements of the procedures mentioned above.
3. For accepted out-of-district returns and required attachments, the RCO’s will forward the documents to the concerned RDO’s.

• Submission Through eAFS

Any taxpayer can submit their Filed Income Tax Return and its attachments to the ITR on-line through the eAFS system of the BIR. Which can be accessed on their webpage www.bir.gov.ph.

The required attachments will be grouped into 3 document files. Taxpayers need to upload to the eAFS system a scanned PDF copy of their files and name them accordingly. View the eAFS website by clicking here.

Document Group and File NameManually FiledElectronically FiledEAFSXXXXXXXXXITR2019Where:XXXXXXXXX- 9 digit TIN number2019- Taxable YearIncome Tax Return Stamped by the BIR:– Form 1702 or– Form 1701Proof of Payment Electronically Filed ITR:

– Form 1702 or

– Form 1701
Filing Reference Number / Email Notification
Proof of Payment/ Acknowledgement Receipt

EAFSXXXXXXXXXAFS2019Where:XXXXXXXXX- 9 digit TIN number2019- Taxable YearAudited Financial Statements composed of the ff:1. Certificate of Independent CPA accredited by the BIR. CPA certificate is a requirement if gross annual sales, earnings, receipts or output exceed PHP3M2. Account Information Form (AIF) or Financial Statements, including the following schedules under existing revenue issuances should form part of the Notes to be audited FS:

• Taxes and licenses
• Other information needed to be disclosed in the notes to FS

3. Statement of Management’s Responsibility (SMR) for Annual Income Tax Return

EAFSXXXXXXXXXOTH2019-01

File Size: Maximum 4.8GBWhere:XXXXXXXXX- 9 digit TIN number2019- Taxable Year01- 1st file of other attachments Incase of additional files:EAFSXXXXXXXXXOTH2019-02Where:XXXXXXXXX- 9 digit TIN number2019- Taxable Year02- 2nd file of other attachment 1. Certificate of Income Payments NOT subjected to Withholding Tax (BIR Form 2304)2. Certificate of Creditable Tax Withheld at Source (BIR Form 2307)3. Duly approved Tax Debit Memo4. Withholding Tax Remittance Return on Sale of Real Properties (BIR Form 1606)5. Proof of prior year’s excess credits6. Proof of Foreign Tax Credits7. For amended returns, proof of tax payment and the return previously filed

Want to checkout the full details of RMC 49-2020? View the guidelines here.

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