Amending Annex A, "Summary of Income Tax Returns Filed" including Certain Portions of Revenue Memorandum Order No. 10-91

January 3, 1992 REVENUE MEMORANDUM ORDER NO. 02-92 SUBJECT : Amending Annex A, "Summary of Income Tax Returns Filed" including Certain Portions of Revenue Memorandum OrderNo.10-91 TO : All Revenue Regional Directors, Revenue District Officers, Asst. Commissioner, Special Operations Service, and Others Concerned I. Rationale: In order that a more accurate statistical profile on the tax returns filed be generated, certain portions of Revenue Memorandum Order No. 10-91 is hereby amended and the preparation of "Summary of Income Tax Returns Filed" prescribed thereof has been renamed as "Monthly Summary of Tax Returns Filed" to cover all the following taxes: 1. Income Taxes 2. Capital Gains Tax 3. Withholding Taxes 4. Value-Added Tax 5. Percentage Taxes; and 6. Transfer Taxes II. Guidelines: To achieve this objective, the following guidelines are hereby formulated: A. The BIR forms to be included in the report of the "Monthly Summary of Tax Returns Filed" are as follows: 1. Income Taxes As listed in Annex "A" of RMO No. 10-91. 2. Capital Gains Tax a. BIR Form No. 1701E - Individual Capital Gains Tax Return (for Real Estate Transactions) b. BIR Form No. 1701E-1 - Individual Capital Gains Tax Return on Installment Payment (for Real Estate Transactions) c. BIR Form No. 1701E-2 - Capital Gains Tax Return on Stock Transactions (Shares of Stocks not Traded thru the Stock Exchange) 3. Withholding Taxes a. BIR Form No. 750 A - Monthly Return of Internal Revenue Taxes Withheld on Government Money Payments (R.A. 1051) b. BIR Form No. 1743-B - Annual Return of Creditable Income Tax Withheld (Expanded Withholding Tax System) c. BIR Form No. 1743-D - Annual Return of Final Income Tax Withheld d. BIR Form No. 1743D - Monthly Remittance Return of Income Taxes Withheld e. BIR Form No. 1745 - Quarterly Return of Final Income Taxes Withheld on Interest Paid on Deposits and Yield on Deposit Substitutes/Trusts/Etc. f. BIR Form No. 1745-A - Annual Return of Final Income Taxes Withheld on Interest Paid on Deposits and Yield on Deposit Substitutes/Trusts/Etc. casia g. BIR Form No. W-3 - Annual Return of Income Tax Withheld on Compensation 4. Value-Added Tax a. BIR Form No. 2550 - Value-Added Tax Return 5. Percentage Taxes a. BIR Form No. 2001 - Insurance Premium Tax Return b. BIR Form No. 2551 - Percentage Tax Return (2% Non-VAT) c. BIR Form No. 2529A-Q - Quarterly Percentage Tax Return 6. Transfer Taxes a. BIR Form No. 1801 - Estate Tax Return b. BIR Form No. 1805 - Donor's Tax Return B. The Assessment Branch shall be relieved of the preparation of the report on item "K. Tax Returns Received and Processed" of the Regional Accomplishment Report (BIR Form No. 4021). A subsequent revenue memorandum order shall be issued amending certain portions of the aforementioned report. C. The Revenue District Office instead, shall prepare the Monthly Summary of Tax Returns Filed prescribed in this Order (See Attachment "A"). D. The amended report shall be prepared in quadruplicate, distribution of which shall be as follows: Original - Statistical Analysis Division Duplicate - RISSI Triplicate - Office of the Regional Director/Special Operations Service Quadruplicate - Preparing Office E. The report shall be submitted not later than the 20th day following the end of each month. III. Amendments on the Procedures: A. The procedures under par. II.B.11 and D.3 of RMO 10-91 are hereby amended, as follows: cd "B. Revenue District Office (RDOs) "11. Prepare the Monthly Summary of Tax Returns Filed in the prescribed format (Attachment A) and follow distribution in par. II.D. of this memorandum order." "D. International Tax Affairs Division (ITAD) "3. Follow same procedures prescribed in items 6 to 11 under par. II.B. of RMO 10-91, as herein amended under par. III.A., . . . ." B. Banks Financing and Insurance Division (BFID) Likewise, BFID is hereby required to submit the above summary report for BIR Form Nos. 1801 and 1805 which taxpayers file directly with them following the prescribed procedures in RMO 26-82, as amended. IV. Repealing Clause: This Order amends the reporting requirements in RMO Nos. 10-91 and 29-91, and item "K" of Part II - Assessment of the Regional Accomplishment Report prescribed under RMO No. 4-82 including all other issuances which are inconsistent herewith. V. Effectivity: This Order shall take effect immediately. (SGD.) JOSE U. ONG Commissioner of Internal Revenue