RMC No. 73-2018
The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 73-2018, dated 31 August, 2018, circularizing the availability of the new BIR Form Nos. 0619-E [Monthly Remittance Form of Creditable Income Taxes Withheld (Expanded)] and 0619-F (Monthly Remittance Form of Final Income Taxes Withheld). The aforementioned forms are both January 2018 versions.
The due date of filing of BIR Form Nos. 0619-E and 0619-F, for non-eFPS taxpayers, is on or before the 10th day of the following month in which withholding was made. On the other hand, for eFPS taxpayers, the same is due on or before the 15th day of the following month, depending on the industry grouping as set forth in Revenue Regulations No. 26-2002.
The abovementioned BIR Forms are already available and shall be used by the withholding agent in remitting the withholding tax of the first two (2) months of every calendar quarter.
The three prescribed ways for the filing of the said forms are the following:
A. Manual Forms;
The new remittance forms may be downloaded from the BIR website (www.bir.gov.ph) under the BIR Forms-Payment/Remittance Form section. Remittance of the withholding tax due shall be made through manual or online payment. In cases wherein the manual filer has no withholding tax due for the month, the taxpayer is required to file “No Payment” returns through the use of eBIRForms.
B. Electronic Bureau of Internal Revenue Forms (eBIRForms); and
The new remittance forms are already available in the Offline eBIRForms Package v7.1. Remittance of the withholdingtax due shall be made through manual or online payment. As mentioned above, this method shall also be used in filing "No Payment" returns in case manual filers has no withholding tax due for the month.
C. Elecronic Filing and Payment Systems (eFPS)
The new remittance forms are already available in the eFPS. After efiling, the taxpayer can proceed to online payment/remittance by clicking the "proceed to payment" button and remit the withholding tax due, if any.
With regard to the filing and remittance of final income taxes withheld using BIR Form No. 0619-F, taxpayers shall use the following tax type and the corresponding alphanumeric tax code (ATC):
|Tax Type Code||ATC||Description|
|WB||WMF10||Remittance of Final Income Tax Withheld on Interest Paid on Deposits and Yield on Deposit Substitutes/Trust/Etc.|
|WF||WMF20||Remittance of Final Income Taxes Withheld on Other Final Income Taxes|
In case the taxpayer shall remit both types of final withholding taxes, he/she shall file two (2) BIR Form No. 0619-F to cover both remittances of withholding taxes.
DISCLAIMER: The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although R.G. Manabat & Co. endeavors to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.
For any queries, you may contact any member of the InTAX Editorial Board or send your questions to email@example.com.