Prescribing the Use of the Redesigned/New Forms in the Filing of Tax and Information Returns/Declarations and Applications for Registration and Permit

June 6, 1996 REVENUE REGULATIONS NO. 07-96 SUBJECT : Prescribing the Use of the Redesigned/New Forms in the Filing of Tax and Information Returns/Declarations and Applications for Registration and Permit TO : All Internal Revenue Officers and Others Concerned SECTION 1 . Scope . In line with the computerization program of the Bureau and pursuant to Sections 4 and 16 in relation to Section 245 all of the National Internal Revenue Code (NIRC), as amended, these regulations are hereby promulgated prescribing the use of the following redesigned/new forms in the filing of tax and information returns/declarations and applications for registration and permit. OLD REDESIGNED/ FORM NAME FORM NO. NEW FORM NO. 2319A 0605 Payment Form (Formerly Authority to Accept Payment) 750AV 1600 Monthly Remittance Return Of Internal Revenue Taxes Withheld On Government Money Payments 1743w 1601 Monthly Remittance Return Of Income Taxes Withheld 1745 1602 Quarterly Remittance Return Of Final Income Taxes Withheld (On Interest Paid On Deposits And Yield On Deposits Substitutes/Trusts/Etc). 1743IR 1604 Annual Information Return Of Income Tax Withheld On Compensation, Expanded And Final Withholding Taxes 1701-W 1606 Withholding Tax Remittance Return For Transactions Involving Motor Vehicles & Real Property Not Subject To Capital Gains Tax (Including Taxable And Exempt) 1701A 1700 Annual Income Tax Return (For Individuals Earning Purely Compensation Income) 1701 1701 Annual Income Tax Return (For Self-Employed, Professionals, Estates and Trusts) 1701Q 1701Q Quarterly Income Tax Return For Self-Employed, Professionals, Estates & Trusts 1702 1702 Annual Income Tax Return (For Corporations and Partnerships) 1702Q 1702Q Quarterly Income Tax Return (For Corporations and Partnerships) 1701C 1703 Annual Income Tax Return (For Non-Resident Citizens) 1701E/A 1706 Capital Gains Tax Return For Real Property Transactions (Including Taxable & Exempt) 1701E-2 1707 Capital Gains Tax Return (For Transactions Involving Shares Of Stock Not Traded Through The Local Stock Exchange) NEW 1701AIF-1 Account Information Form For Self-Employed & Professionals NEW 1701AIF-2 Account Information Form For Estates & Trusts (Engaged in Trade or Business) NEW 1702AIF-1 Account Information Form For Corporations and Partnerships NEW 1702AIF-2 Account Information Form For General Professional Partnerships NEW 1702AIF-3 Account Information Form For Exempt Organizations 1805 1800 Donor's Tax Return 1801 1801 Estate Tax Return NEW 1900 Application For Authority To Use Loose Leaf/Computerized Books Of Accounts 1556-A 1901 Application For Registration (For Self-Employed, Professionals, Estates/Trusts) NEW 1902 Application For Registration (For Individuals Earning Purely Compensation Income, OCWs/Other Non Resident Citizens and One Time Taxpayers) 1556-A 1903 Application For Registration (For Corporations/GOCCs and Partnerships) 1556-A 1904 Application For Registration (For Government Agencies & LGUs) NEW 1905 Application For Registration Information Update (For Updating/Cancelling Registration Or Replacement Of Lost TIN Card/Certificate Of Registration) 1953A 1906 Application For Authority To Print Receipts and Invoices NEW 1907 Application For Permit To Use Cash Register Machines NEW 2000 Documentary Stamp Tax Declaration NEW 2200 Excise Tax Return NEW 2201 Alcohol Products and Fermented Liquor NEW 2202 Tobacco Products NEW 2203 Petroleum Products NEW 2204 Miscellaneous Articles and Non- Essential Goods NEW 2205 Minerals and Mineral Products NEW 2206 Attachment To The Details Of Computation Of Excise Tax Due On Minerals and Mineral Products NEW 2207 Attachment To The Details Of Computation Of Excise Tax Due On Excisable Articles NEW 2208 Attachment To The Details Of Computation Of Excise Tax Due On Lubricating Oils & Greases NEW 2221 Official Register Book (Raw Material Consumption Summary) NEW 2222 Schedule Of Production For Excisable Products NEW 2223 Excise Tax Reconciliation Stocktaking Exceptions/Return Adjustments NEW 2224 Excise Tax Reconciliation Stocktaking Exceptions/Return Adjustments Reports (Attachment To The Details Of Computation Of Excise Tax Due On Excisable Articles) NEW 2225 Excise Tax Reconciliation Stocktaking Exceptions/Return Adjustments Reports (Attachment To The Details of Computation of Excise Tax Due on Minerals and Mineral Products) 1701B 2304 Certificate Of Income Payment Not Subject To Withholding Tax W-4 2305 Exemption Certificate (For Individuals) 1743-2 2306 Certificate Of Final Income Tax Withheld 1743-750 2307 Certificate Of Creditable Tax Withheld At Source W2 2316 Certificate Of Income Tax Withheld On Compensation 2550M 2550M Monthly Value-Added Tax Declaration 2550Q 2550Q Quarterly Value-Added Tax Return 2531 2551 Quarterly Percentage Tax Return NEW 2552 Percentage Tax Return (For Transaction Involving Shares Of Stock Listed and Traded Through The Local Stock Exchange Or Through Initial and/or Secondary Public Offering) SECTION 2 . Requirements . All persons, natural or juridical, who are within the jurisdiction of any of the following Revenue District Offices, to wit: RDO No. 30 Binondo RDO No. 32 Quiapo, San Miguel, Sta. Mesa, Sampaloc RDO No. 33 Ermita, Intramuros, Malate RDO No. 52 Paraaque RDO No. 81 Cebu North District which are designated as pilot areas for the roll-out of the eight re-engineered computerized systems on July 1, 1996, to wit: Registration System Returns Processing System Returns Compliance System Accounts Receivable System Taxpayer Accounting System Case Monitoring System Audit System and Collection and Bank Reconciliation System are required to use the corresponding prescribed redesigned and new forms in the filing of tax and information returns/declaration forms pursuant to the pertinent provisions of the NIRC, as amended. All other taxpayers not within the jurisdiction of the "Pilot Areas" shall continue to use the corresponding old forms in the filing of their tax returns/declarations/forms and in the payment of the internal revenue taxes due if any, in accordance with the existing provisions of the NIRC, as amended, and implementing rules and regulations. SECTION 3 . Account Information Form . The respective duly accomplished Account Information Forms (AIF Nos. 1701AIF-1, 1701AIF-2, 1702AIF-1, 1702AIF-2 and 1702AIF-3) which shall contain the information lifted from certified balance sheets, profit and loss statements and other relevant statements shall accompany the income tax return to be filed in accordance with Section 232, in relation to Section 16(h) both of the NIRC, as amended, and implementing rules and regulations. Taxpayers concerned are still required to keep the audited Financial Statement duly certified by an independent Certified Public Accountant. SECTION 4 . Registration/Taxpayer Record Update (TRU) . All taxpayers, including individuals receiving purely compensation and/or mixed income, single proprietors, professionals engaged in the practice of profession, government agencies and instrumentalities including government owned or controlled corporations, shall register and/or update their registration record using the NEW Registration Forms (1901, 1902, 1903, 1904 and 1905) as the case may be, and file the same in accordance with the regulations to be promulgated by the Secretary of Finance upon recommendation of the Commissioner. SECTION 5 . Place of Filing . The return/declaration/form shall be accomplished and shall still be filed in triplicate with, and the payment of tax due, if any, made to the proper venue prescribed under existing laws, rules and regulations. SECTION 6 . Repealing Clause . The provisions of existing revenue regulations and issuances inconsistent herewith are hereby repealed, amended, or modified accordingly. SECTION 7 . Effectivity Clause . These regulations shall take effect fifteen (15) days after publication in any newspaper of general circulation in the Philippines. ROBERTO F. DE OCAMPO Secretary of Finance Recommending Approval: LIWAYWAY VINZONS-CHATO Commissioner of Internal Revenue