Dates of filing of Individual Income Tax Returns pursuant to Section 45(c) of the National Internal Revenue Code, as amended

January 11, 1974 REVENUE REGULATIONS NO. 01-74 SUBJECT : Dates of filing of Individual Income Tax Returns pursuant to Section 45(c) of the National Internal Revenue Code, as amended by Presidential Decree No. 371 TO : All internal revenue officers and others concerned Pursuant to Section 2 of Presidential Decree No. 371, the following regulations are hereby promulgated and shall be known as Revenue Regulations No. 1-74. SECTION 1. Scope . These Regulations shall govern the dates of filing of individual income tax returns only. SECTION 2. Dates of filing . (a) The following individuals shall file their income tax returns covering income for the preceding calendar year on or before March 15 of each year: (1) Residents of the Philippines, whether citizens or aliens, whose gross income for the calendar year is at least P1,800 derived solely from salaries, wages, interests, dividends, allowances, commissions, bonuses, fees, pensions, or any combination thereof; (2) Residents of the Philippines, whether citizens or aliens, who have no income or whose income is below P1,800 or who did not have any transaction in any business carried on for gain or profit, but are nevertheless required to file an income tax return because they fall under any of the following categories: (A) Is an official or employee of the government or has a contract with the Government of the Republic of the Philippines, or any of its agencies or instrumentalities, including government-owned or controlled corporations, regardless of the nature of his appointment of duration of his employment; (B) Is a professional as defined in Section 45 of the Tax Code; (C) Is a registered or beneficial owner, or mortgagee of any real property; (D) Is a registered or beneficial owner, or mortgagee of any motor vehicle; (E) Is a registered or beneficial owner, or mortgagee of any share of stock or security of a corporation, or any interest in a firm or partnership; (F) Has travelled abroad, except children below eighteen years of age; (G) Has filed a certificate of candidacy for any public office except barrio officials and municipal councilors; (H) Is engaged in trade or commerce. (b) The following individuals shall file their income tax returns covering income for the preceding calendar year, on or before April 15 of each year: (1) Non-resident citizens regardless of their source of income; (2) Residents of the Philippines, whether citizens or aliens having a source of income not mentioned in paragraph (1), subsection (a) of this section. (3) Residents of the Philippines, whether citizens or aliens, having sources of income consisting of a combination of those mentioned in paragraph 1, subsection (a) of Section 2 hereof, and from all other sources the aggregate of which is at least P1,800. SECTION 3. Income tax forms to be used . The income tax forms to be used by individuals filing on or before March 15 of each year is BIR Form No. 1701A while the income tax forms to be used by those filing on or before April 15 of each year is BIR Form No. 1701. SECTION 4. Effectivity . These regulations shall apply to individual income tax returns covering income beginning with the calendar year 1973 to be filed on or before March 15, 1974 and April 15, 1974, as the case may be. cd CESAR VIRATA Secretary of Finance Recommended by: MISAEL P. VERA Commissioner of Internal Revenue TAN-1601-593-5