RMC No. 119-2021 — Announces the availability of revised BIR Form Nos. 1707 and 1707-A Version April 2021 Digest | Full Text | Annex A (Form No. 1707) | Annex B (Form No. 1707-A)

REPUBLIC OF THE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE

Quezon City December 10, 2021

REVENUE MEMORANDUM CIRCULAR NO. 19- 202]

SUBJECT Circularizing the Availability of Revised BIR Form Nos. 1707 and 1707-A

Version April 2021

TO All Internal Revenue Officers, Employees, and Others Concerned

"A-B", which were revised due to the implementation of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, to wit: This Circular is issued to prescribe the following BIR Forms, hereto attached as Annexes

(Annex "A") (Annex "B") Form No. 1707-A 1707 Not Traded Through the Local Stock Exchange) Traded Through the Local Stock Exchange) Annual Capital Gains Tax Return (For Onerous Transfer of Shares of Stock Capital Gains Tax Return (For Onerous Transfer of Shares of Stock Not Description

under the BIR Forms-Income Tax Return: The revised manual returns are already available in the BIR website (www.bir.gov.ph)

Forms (eBIRForms); thus, manual and eBIRForms filers shall download the PDF version of the to penalties under Sec. 250 of the Tax Code, as amended. Payment of the tax due thereon, if any. forms, print the forms and fill-out completely all the applicable fields, otherwise shall be subjected shall be made thru: However, the forms are not yet available in the Electronic Bureau of Internal Revenue

a.) Manual Payment

Authorized Agent Bank (AAB) located within the territorial jurisdiction of the In places where there are no AABs, return shall be filed and the tax due shall be paid with the concerned Revenue Collection Officer (RCO) under the jurisdiction of the Revenue District Office (RDO) where the seller/transferor is required to register; or RDO using Revenue Collection Officer System (MRCOS) facility.

b.) Online Payment : Development Bank of the Philippines (DBP) Tax Online -- for taxpayers-holders of : UnionBank Online Web and Mobile Payment Facility - for taxpayers who have - Mobile Payment (GCash/PayMaya); or Landbank of the Philippines (LBP) Link.Biz Portal - for taxpayers who have account with UnionBank; or UnionBank, Bank of the Philippine Islands (BPI) and Philippine Savings Bank VISA/MasterCard Credit Card and/or Bancnet ATM/Debit Card; or Automated Teller Machine (ATM) account with LBP and/or holders of Bancnet depositors of Rizal Commercial Banking Corporation (RCBC), Robinsons Bank ATM/Debit Card/Prepaid Card or taxpayer utilizing PCHC PayGate or PesoNet for (PSBank); or BUSEAUOFIWTERNALREVENUE

:Taxpayer Software Provider (MYEG.Ph). *

DEC 13 2021 2.30.000 "9

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Awaiting the availability of returns in the Offline eBIRForms Package, taxpayer who will pay online shall file the return manually to the RDO having jurisdiction over the place where the seller/transferor is required to register.

In case of "No Payment Return", taxpayer shall file the return to the RDO having jurisdiction over the place where the seller/transferor is required to register.

All internal revenue officers, employees, and others concerned are hereby enjoined to give this Circular as wide a publicity as possible.

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CAESAR R. DULAY Commissioner of Internal Revenue 047719

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BUREAU OF INTERNALREVENUE

DEC 13 2021 WPM

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