Extension of Filing of Annual Information Return (BIR Form 1703)

June 21, 2000 REVENUE MEMORANDUM ORDER NO. 34-00 SUBJECT : Extension of Filing of Annual Information Return (BIR Form 1703) TO : All Internal Revenue Officers, Employees and Others Concerned I. Objective : Pursuant to Revenue Regulation No. 9-99, this Order is issued to grant extension of the filing of the Annual Information Return (BIR Form 1703) from April 15 to October 31, 2000 covering the taxable year 1999. II. Filing of BIR Form 1703 : Non-resident citizens including those working and deriving income from abroad as Overseas Filipino Workers (OFWs) shall be taxable only on income derived from sources within the Philippines pursuant to Section 23 (B) and (C) of the Tax Code of 1997 covered under Republic Act 8424, effective January 1, 1998. An individual who is exempt from income tax shall not be required to file an income tax return but may be required to file an information return pursuant to the rules and regulations prescribed by the Secretary of Finance. In view thereof, filing of duly accomplished BIR Form 1703 is required covering income derived during the taxable year from sources outside the Philippines, pursuant to Revenue Regulations 9-99, in triplicate, with the Foreign Posts or the Revenue District Office having jurisdiction over the place of residence of the taxpayer, on or before April 15 of the following year. However, those without legal address in the Philippines may opt to file directly with the Revenue District Office No. 51, Pasay City. THCASc III. Granting of Extension/Grace Period of Filing BIR Form 1703 Considering the petitions and sentiments raised by OFWs regarding payment of penalties sanctioned on late filing of annual information returns, this Order is issued extending the deadline for the filing of their 1999 annual income information returns from April 15, 2000 to October 31, 2000. Thus, given this grace period, said returns filed after April 15 and up to October 31, 2000 shall not be subject to any penalty. IV. Repealing Clause All other orders or issuances inconsistent herewith are hereby repealed or revoked accordingly. V. Effectivity This Order shall take effect immediately. (SGD.) DAKILA B. FONACIER Commissioner of Internal Revenue