BIR Issuances – RMC 23-2024

The BIR announced the Availability of BIR Form No. 1701A [Annual Income Tax Return for Individuals Earning PURELY from Business/Profession (Those under the graduated income tax rates with OSD as mode of deduction OR those who opted to avail of the 8% flat income tax rate)] in the Electronic Filing and Payment System (eFPS).

Revenue Memorandum Circular (RMC) No. 23-2024

12 February 2024

The return shall be filed ON OR BEFORE APRIL 15 OF EACH YEAR COVERING INCOME FOR THE PRECEDING TAXABLE YEAR.

Mandated eFPS users/filers who are required to file the said return are advised to check if it is already included in the list of tax returns in their eFPS. In case the return is not yet included, they shall coordinate with the Revenue District Office (RDO) where they are registered and comply with the requirements of the RDO for the uploading of the return in the eFPS.

EFFECTIVITY

The return shall be filed and the tax due thereon, if any, shall be paid using the eFPS facility EFFECTIVE IMMEDIATELY.

Copy of the RMC can be accessed below.