RR No. 4-2024 — Implements Sections 22, 34, 51(A)(2)(e), 51(B), 51(D), 56(A)(1), 58(A), 58(C), 58(E), 77, 81, 90, 91, 103, 114, 128, 200, and 248 of the Tax Code of 1997, as amended by RA No. 11976 (Ease of Paying Taxes Act), on the filing of tax returns and payment of taxes and other matters affecting the declaration of taxable income (Date Posted: April 12, 2024)

BUREAU OFIN RNALREMENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT.OF FINANCE BUREAU OF INTERNAL REVENUE NNTTIYN 43 APR 11 2024

Quezon City UEUGT 1L

RECORDS MGT.DIVISION MAR 2 2 2024

REVENUE REGULATIONS NO.4-262

SUBJECT :Implementing Sections 22, 34, 51(A)(2)(e), 51(B), 51(D), 56(A)(1), Republic Act No. 11976, Otherwise Known as the "Ease of Paying and Other Matters Affecting the Declaration of Taxable Income 58(A), 58(C), 58(E), 77, 81, 90, 91, 103, 114, 128, 200 and 248 of the National Internal Revenue Code of 1997, as Amended by Taxes Act", on the Filing of Tax Returns and Payment of Taxes

TO :All Internal Officers, Employees and Others Concerned

National Internal Revenue Code of 1997 (Tax Code), as amended, in relation to Section 200 and 248 of the Tax Code on: SECTION 1. Scope. - Pursuant to the provisions of Sections 244 and 245 of the 47 of Republic Act (RA) No. 11976, Otherwise Known as the "Ease of Paying Taxes Act" (EOPT), these Regulations are hereby promulgated to implement Sections 22, 34, 51(A)(2)(e), 51(B), 51(D), 56(A)(1), 58(A), 58(C), 58(E), 77, 81, 90, 91, 103, 114, 128,

(a) filing of tax returns and payment of taxes to be made electronically or (RDO) manually, regardless of venue or jurisdiction of the Revenue District Office

(b) removal of civil penalty in case of filing of return at the wrong venue:

(c) non-filing of income tax return by an Overseas Contract Worker (OCW) or Overseas Filipino Worker (OFW):

(d) removal of additional requirements for deductibility of certain payments; and

(e) withholding of tax at source and declaration of income of recipient.

SECTION 2. Definition of Terms. -- When used in these Revenue Regulations, the following terms shall have the following meaning:

(A) "Filing of Return" shall refer to the act of accomplishing and submitting the approved by BIR. Revenue (BIR), or through any Authorized Agent Bank (AAB) or Authorized Tax Software Provider (ATSP) for specific tax returns as prescribed tax return, electronically or manually, to the Bureau of Internal

(B)"Payment of Tax or Remittance of Tax " shall refer to the act of delivering BIR, or through any AAB or ATSP for specific tax returns as approved by BIR. the amount of tax due or withheld, either electronically or manually, to the

(C) "Authorized Agent Banks (AABs) " shall refer to financial institutions that are accredited to collect the payment of internal revenue taxes on BIR's behalf.

(D) "Revenue Collection Officers (RCOs) " shall refer to the BIR officers tasked to accept tax payments from taxpayers under certain limitations and remit the tax collected within the prescribed period.

(E) "Authorized Tax Software Provider (ATSP)" shall refer to an individual or organization whose business is to render electronic tax filing and/or tax payment services to taxpayer-clients by offering third-party solutions tested and certified by BIR, that is, an electronic tax return filing and/or payment

solution.

(F) "Overseas Filipino Worker (OFW)" refers to a Filipino who is to be based or sea-based regardless of status; excluding a Filipino engaged under a government-recognized exchange visitor program for cultural and engaged, is engaged, or has been engaged in remunerated activity in a or is not awaiting naturalization, recognition or admission, whether land- educational purposes. For purposes of this provision, a person engaged in remunerated activity covers a person who has been contracted for overseas employment but has yet to leave the Philippines, regardless of status and includes "Overseas Contract Workers" (OCWs). The term OFW is No. 11641 or the "Department of Migrant Workers Act ". country of which he or she is not an immigrant, citizen or permanent resident synonymous to the term "Migramt Worker" pursuant to Section 3[G] of RA

manual filing of tax returns may be allowed. SECTION 3. Modes of Filing of Tax Returns and Payment of Internal Revenue electronic platforms. However, in case of unavailability of the electronic platforms, Taxes. - The filing of tax returns shall be done electronically in any of the available

available electronic platforms or manually to any AABs and RCOs. For tax payments, the same shall be made either electronically in any of the

The terms "electronically"" and "manually" means .

A. Electronically -- when the filing of tax return and payment of tax is done Filing and Payment System/eBIRForms), ePayment Channels of AABs (e.g. LinkBiz, PesoNet, UPay, MyEG, etc.) and ATSP (for specific returns as certified by BIR). through electronic means using the BIR's electronic platform (Electronic

B. Manually -- when the tax return is accomplished by writing or through the aid of electronic equipment but the act of submission and payment is done

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regardless of the amount. through over-the-counter with any AAB or RCO of the BIR. The RCO can accept payment in cash up to P 20,000.00, while for check payment.

husband and wife, whether citizens, resident or nonresident aliens, who are both self- for the taxable year jointly. However, where it is impracticable for the spouses to file employed, either engaged in business or practice of profession, shall file the said return one return, such as in the case of spouses whose businesses are registered under two different RDOs, each spouse shall file separately their respective ITRs. In the case of filing of Income Tax Return (ITR) by married individuals, the

manual filing. have already electronically filed their tax returns, unless an advisory is issued allowing AABs and RCOs shall only accept tax payments manually after the taxpayers

SECTION 4. Removal of Civil Penalty in Case of Filing of Return at the Wrong shall no longer be imposed. EOPT, the civil penalty of 25% of the amount due in case of filing a return with an internal revenue officer other than those with whom the return is required to be filed, Venue. - With the repeal of Section 248(A)(2) of Tax Code, as amended, under the

SECTION 5. Individuals Not Required to File Iacome Tax Return. -- Section 9 of Revenue Regulations No. 8-2018 is hereby amended to read as follows:

"SECTION 9. INDIVIDUALS NOT REQUIRED TO FILE INCOME TAX RETURN

A. An individual earning purely compensation income whose taxable income does not exceed Two Hundred Fifty Thousand pesos be tantamount to the substituted filing of income tax returns by said respective employers, duly stamped "Received" by the Bureau, shal. emplovees; (P250,000.00)-.the Certified Listof Employees_Oualified for Substituted Filing of Income Tax Return, retlecting the amount of income payment, the tax due and tax withheld. if any. filed by the

B. An individual whose income tax has been correctly withheld by his substituted filing of income tax returns by said employees; taxable year -- the Certified List of Emplovees Qualified for Substituted duly stamped "Received" by the Bureau shall be tantamount to the Filing of Income Tax Return, reflecting the amount of income payment. the tax due and tax withheld, if amy, filed by the respective employers, employer, provided that such individual has only one employer for the

C. An individual whose sole income has been subjected to final withholding tax:

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D. A minimum wage earner as defined in these regulations - The Certified withheld._.if _amy filed by the respective employers, duly stamped of income tax returns by said employees; and List of Emplovees Qualified for Substituted Filing_of Income Tax "Received" by the Bureau shall be tantamount to the substituted filing Return._reflecting the amount of income payment. the tax due and tax

E. An individual citizen of the Philippines who is working and deriving income solely from abroad as an "Overseas Contract Worker (OCW)" No. 11641. or the "Department of Migrant Workers Act " or "Overseas Filipino Worker" as defined under Section 3(G) of RA

regardless of the amount, from two (2) or more concurrent or successive Substituted filing. Thus, they are still required to file a return. employers at any time during the taxable year, are not qualified for In all cases, all individuals deriving compensation income,

Payments. -- The entire provision of Section 34(K) of the Tax Code, as amended, on EOPT. Therefore, upon the effectivity of the EOPT, Section 2.58.5 of RR No. 2-98, as amended, is hereby repealed: Provided, however, that the obligation to withhold tax on certain income payments and remit the same remains. SECTION 6. Removal of the Additional Requirement for Deductibility of Certain "Additional Requirements for Deductibility of Certain Income Payments" is repealed by

SECTION 7.Withholding of Tax at Source. amended, shall now read as follows: Section 2.57.4 of RR No. 2-98, as

payable, whichever comes first. " time an income payment is accrued or recorded as an expense or asset. The obligation of the payor to deduct and withhold the tax arises at the deduct and withhold the tax under Section 2.57 of these Regulations arises at the time an income has become payable. The term "payable" refers to the date the obligation becomes due, demandable or legally enforceable seller of the sales invoice or other adequate document to support such whichever is applicable, in the payor's books, or at the issuance by the "Sec. 2.57.4. Time of Withholding. - The obligation of the payor to

to be withheld at source under Section 57 of the Tax Code, as amended, shall be included in the return of its recipient but the excess of the amount of tax so withheld SECTION 8. Income of Recipient. -- Income upon which any creditable tax is required over the tax due on his return shall be refunded subject to the provision of Section 204 of the same Code.

subsequently declared invalid or unconstitutional, the validity of the remaining provisions hereof shall remain in full force and effect. SECTION 9. Separability Clause. - If any of the provisions of these Regulations is

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these Regulations are hereby repealed, amended, or modified accordingly. SECTION 10. Repealing Clause. - Any other issuances and rules and regulations, issuances or parts thereof which are contrary to or inconsistent with the provisions of

SECTION 11. Effectivity. - following its publication in the Official Gazette or the BIR official website, whichever comes first. --- These Regulations shall take effect fifteen (15) days

Recommending Approval: Secr etary6f Finance APR 0 8 2024 EGAREGTO

UI, JR sioner of-Internal Revenue

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