On November 2011, the Bureau of Internal Revenue issued Revenue Regulations (RR) 19-2011 which prescribe the new BIR Forms that will be used for Income Tax filing covering and starting with Calendar Year 2011, and to modify Revenue Memorandum Circular No. 57-2011.
All taxpayers required to file their Income Tax returns under section 51(A)(1) of the Tax code, and those not required to file under section 51(A)(2) but who nevertheless opt to do so, covering and staring with calendar year 2011 – due for filing on or before April 15, 2012, should use the following revised forms:
- BIR Form 1700 version November 2011 (Annual Income Tax Return for Individuals Earning Purely Compensation Income);
- BIR Form 1701 version November 2011 (Annual Income Tax Return for Self-Employed Individuals, Estates and Trusts); and
- BIR Form 1702 version November 2011 (Annual Income Tax Return for Corporation, Partnership and Other Non-Individual Taxpayer).
See also BIR Interactive Forms for Income Tax.
All juridical entities following fiscal year of reporting are likewise required to use the new BIR Form 1702 starting with those covered under fiscal year ending January 31, 2012.
Click links below to download the latest forms:
- Revenue Regulations 19-2011
- BIR Form 1700 version November 2011 | 1700 Guidelines and Instructions
- BIR Form 1701 version November 2011 | 1701 Guidelines and Instructions
- BIR Form 1702 version November 2011 | 1702 Guidelines and Instructions
Recently, the Bureau of Internal Revenue has issued Revenue Memorandum Circular No. 40-2011, dated September 5, 2011. This is a notice given to all concerned to use new income tax returns for income tax filing covering and starting with the calendar year 2011, which are due for filing on or before April 15,2011.
To which period the new form applies?
- Calendar year ending December 31, 2011
- Fiscal year ending January 31, 2012 onwards
- Fiscal year ending before December 31, 2011 are not covered
To view the revenue memorandum circular 40-2011 and the revised forms, please click the links below:
- Revenue Memorandum Circular No. 40-2011
- 1700 – Annual Income Tax Return for Individuals Earning Purely Compensation Income
- 1701 – Annual Income Tax Return for Self-Employed, Estates and Trusts
- 1702 – Annual Income Tax Return for Corporation, Partnership and Other Non-Individual Taxpayers
There were no published spreadsheet copies of the revised form yet. It will be announced once available.