RMO No. 47-2018 — Terminates the preparation and submission of the Monthly Report on Registration and Remittance of Withholding Taxes (BIR Form No. W7) and Accomplishment Report on Pre-Audited Withholding Tax Returns (BIR Form No. W8) Digest | Full Text

t\,.'i-'.- r BIJF{EAU T]I lll ! Hf"ilriS{L H !: \1 1i! L.ifi -:-:1 REPUBLIC OF THE PHILIPPINES lt\\ DEPARTMENT OF FINANCE 2 S 2010 llil BUREAU OF INTERNAL REVENUE ut Quezon City RECOROS ilTGT. DIViS!O N October 10,2018 RBvBNUE MEMoRANDUM oRDER No. 47- tn l8 SUBJECT : Amending the Pertinent Provisions of Revenue Issuances for the Purpose of TO Terminating the Submission of BIR Form Nos. W7 and W8 Reports : A11 Internal Revenue Offrcers and Others Concerned I. BACKGROLIND In the light of the current automated facilities adopted by this Bureau in order to streamline, rationalize and expedite the functions and processes in the different revenue offices, there are still cefiain manual procedures and coffesponding reports that need to be discharged by the revenue personnel as a matter of administrative compliance to existing revenue issuances. However, due to the absence of availabie revenue personnel and immediate attention to high priority activities, the level of compiiance to these prescribed procedures and reports was found to be notably low. One of these manual procedures and reports that should be complied with by the Revenue District Offices (RDOs) is the so called W7 and W8 Reports. Yet, after re- evaluation of the governing revenue issuances and the availability of information in the Bureau's data warehouse, these reports may be considered irrelevant and can therefore be dispensed with in order that the concerned revenue personnel of the RDOs can focus their efforts towards the attainment of their tax collection targets. II. AMENDATORY PROYISIONS The preparation of Monthly Report on Registration and Remittance of Withholding Taxes (Form No. W7) and the Accomplishment Report on Pre-Audited Withhoiding Tax Returns (WTRs) (BIR FormNo. W8) by all concerned Revenue District Offrces, including the concerned revenue offices under the Large Taxpayers Service, and its subsequent submission to the Miscellaneous Operations Monitoring Division (formerly Withholding Tax Division) of the Coliection Service are hereby terminated. In case of need for information that are otherwise avaiiable on the said reports, the concerned Office under the Information Systems Group of this Bureau shall extract the desired information, in so far as avallable in the Integrated Tax System or other electronic systems or facilities of this Bureau, in coordination with the Miscellaneous Operations Monitoring Division.

III. REPEALING CLAUSE The pertinent provisions of Revenue Memorandum Order (RMO) Nos. 23-86 and RMO No. 55-94, and other applicable revenue issuances or portions thereof inconsistent herewith are hereby amended or repealed accordingly. IV. EFFECTIVITY This Order shall take effect immediately. ff*/'<--1, CAESAR R. DULAY o206z6 r'lt Commissioner of lnternal Revenue J-5 ai i!iLAIJ L]F 31 NECOdNS MGT. DIVISION