10 Jun 2020, 13:00 — 6 min read
A few days ago, the Bureau of Internal Revenue (BIR) released RMC 49-2020 (Revenue Memorandum Circular 49-2020). This circular is being issued to provide options to taxpayers in the submission of the filed 2019 Income Tax Return and its required attachments.
There are two options that Taxpayers can use. First option is to submit them through Revenue Collection Officers (RCOs), and the second option is to submit online using a facility called eAFS.
A taxpayer should bring all the pertinent documents that he/she has which are the following:
- Annual Income Tax Form,
- eBIR or eFPS confirmation and the attachments. Examples of the attachments are all 2307 forms, 2316 form, the SAWT validation, and the AFS (if applicable to your business).
Note: “The attachments to the income tax returns shall be stamped only on the page of the Balance Sheet, the Income Statement and Audit Certificate, if applicable. The other pages of the financial statements and its attachments need not be stamped “Received”. In case of corporations and other juridical persons, at least two (2) extra copies of the Audited Financial Statements for filing with the Securities and Exchange Commission (SEC) should be stamped “Received” pursuant to Revenue Memorandum Order (RMO) Nos. 6-2010 and 13-2011.”
Personally, I just created four (4) copies of all sets of documents.
Also read: 6 Financing options to stay afloat during and after crisis
For the second option, any taxpayer, may submit the Filed ITR and its required attachments through the BIR eAFS system. This may be accessed through the BIR website (eAFS icon).
The first step is to gather the three (3) sets of documents and save them as PDF copies. The three sets of documents are: (1) ITR Documents; (2) AFS documents (if applicable); (3) other documents.
I will expound on each below.
Note that the file name should be: EAFSXXXXXXXXXITR2019 where: XXXXXXXXX is your 9-digit TIN and 2019 is the taxable year. File size should not exceed 4.8 GB.
Note that the file name should be: EAFSXXXXXXXXXAFS2019 where: XXXXXXXXX is your 9-digit TIN and 2019 is the taxable year. File size should not exceed 4.8 GB
Note that the file name should be: EAFSXXXXXXXXXOTH2O19-01 where XXXXXXXXX is your 9-digit TIN and 2019 is the taxable year. “01” will be the first file of other attachments and “02” will be the second file and so on and so forth. File size (per file) should not exceed 4.8 GB.
The eAFS will acknowledge successful submission by issuing a system-generated Transaction Reference Number and by sending an email to the system user. This Transaction Reference Number shall serve as the proof of submission by the taxpayer, in lieu of the manual “Received” stamping.
We need to keep the original copies of the digitally submitted documents in accordance with Section 203 of the NIRC for the period as prescribed under Revenue Regulations ll-2013. This is just in case the BIR officers need to see it later on, we have a copy.
Here is the annex to the RMC 49-2020 on BIR attachments.
If you need help in filing your 1701 and 1701A (Annual Income Tax Returns), feel free to visit here
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Also read: Taxumo launches #ATimeForHOPE campaign
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