Transition Procedures for All eFPS Filers in Filing Tax Returns Affected by RA No. 9504

April 2, 2009 REVENUE MEMORANDUM CIRCULAR NO. 025-09 SUBJECT : Transition Procedures for All eFPS Filers in Filing Tax Returns Affected by the New Legislative Law (RA No. 9504), and Taxation on the Sale to the Bangko Sentral ng Pilipinas (BSP) of Gold and Other Metallic Mineral Products Extracted or Produced by Small Scale Miners (RR No. 7-2008) TO : All Internal Revenue Officials, Employees and Others Concerned Relative to the implementation of the new laws, the following BIR forms were enhanced: I. Pursuant to Republic Act No. 9504 Item BIR No. Form Description Form Version No. Date 1 1601C Monthly Remittance Return of Income Taxes July 2008 ENCS Withheld on Compensation 2 1604CF Annual Information Return of Income Taxes July 2008 ENCS Withheld on Compensation and Final Withholding Taxes 3 1700 Annual Income Tax Return For Individuals Earning July 2008 ENCS Compensation Income and Marginal Income Earner (Including Non-Business/Non-Profession Related Income) DEcTCa 4 1701 Annual Income Tax Return For Self-Employed July 2008 ENCS Individuals, Estates and Trusts (Including those w/ both Business & Compensation Income) 5 1701Q Quarterly Income Tax Return For Self-Employed July 2008 ENCS Individuals, Estates and Trusts (Including those w/ both Business & Compensation Income) 6 1702 Annual Income Tax Return (For Corporations, July 2008 ENCS Partnerships and Other Non-Individual Taxpayers) 7 1702Q Quarterly Income Tax Return (For Corporations, July 2008 ENCS Partnerships and Other Non-Individual Taxpayers) II. Pursuant to Revenue Regulations No. 7-2008 Item BIR No. Form Description Form Version No. Date 1 1601E Monthly Remittance Return of Creditable Income August 2008 Taxes Withheld (Expanded) (Except for ENCS transactions involving onerous transfer or real property classified as ordinary asset) The enhanced forms are available for use in all Revenue District and Large Taxpayers Offices. However, the above enhanced BIR Forms are not yet available in eFPS. In view of this, the following work-around procedures shall be adopted by all eFPS filers: 1. eFPS filers shall e-file using the existing online form with the following procedures: SDTIHA a. Fill-up the necessary fields of the corresponding available BIR form. b. Submit the filled-up return (disregard the system computed fields) and wait for the filing reference number. c. e-Pay the manually computed tax due (based on the enhanced BIR form). d. Submit Filing Reference Number Page together with the properly filled-up applicable enhanced forms to the Revenue District and Large Taxpayers Offices where they are registered fifteen (15) days after e-filing and e-payment. Manual submission shall no longer be required once the enhanced BIR Forms becomes available in eFPS. 2. Once the enhanced forms are available in the eFPS, e-filers are required to amend the previously filed old tax returns in eFPS within five (5) days from date of announcement via the BIR Website by encoding the contents of the applicable enhanced forms formerly submitted to the Revenue District. e-Payment shall no longer be required if the tax due on the amended returns is equal to the amount previously paid. However, if the tax due on the amended return is greater than the amount previously paid, taxpayer shall e-pay the unpaid amount. All Revenue Officials are hereby enjoined to give this Circular as wide a publicity as possible. (SGD.) SIXTO S. ESQUIVIAS IV Commissioner of Internal Revenue