RMC No. 102-2026 — Amending Certain Provisions of Revenue Memorandum Circular (RMC) No. 75-2024, as Amended by RMC No. 14-2025, which Prescribed the Mandatory Requirements for Claims for Tax Credit or Refund of Excess or Unutilized Creditable Withholding Taxes on Income Pursuant to Section 76(C), in Relation to Sections 204(C) and 229 of the National Internal Revenue Code of 1997, as Amended, Exce

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Bringing In Revenues for Nation-BuildIng AUG 93""ZOZ6 PILiRinAs BAGONG

REVENUE MEMORANDUM CIRCULAR NO.1 Q 2- 2026

SUBJECT * Amending Certain Provisions of Revenue Memorandum Circular (RMC)

Mandatory Requirements for Claims for Tax Credit or Refund of Excess or Revenue Code of 1997, as Amended, Except Those Under the Authority and Jurisdiction of the Legal Group No. 75-2024, as Amended by RMC No. 14-2025, which Prescribed the Unutilized Creditable Withholding Taxes on Income Pursuant to Section 76(C), in Relation to Sections 204(C) and 229 of the National Internal

TO : All Internal Revenue Officials, Employees and Others Concerned

I OBJECTIVE

of claims for tax credit certificate or cash refund (tax credit/refund) of excess or unutilized This Circular is hereby issued to provide clarification and updates on the processing

requests for tax credits/refunds under the authority and jurisdiction of the Legal Group. 204(C) and 229 of the National Internal Revenue Code of 1997 (Tax Code), as amended) and Revenue Regulations No. 5-2024, and to prescribe the updated Checklist of Mandatory creditable withholding taxes (CWT) on income under Section 76(C), in relation to Sections Requirements (Annexes) for the processing of said tax credit/refund. This does not cover

H. AMENDMENT

amended to read as follows: Section I of RMC No. 75-2024, as amended by RMC No. 14-2025 is hereby

"I. GENERAL POLICIES

K For tax credit/refund claim of CWT on income, the "Application for Tax Credits/Refunds" (BIR Form No. 1914) shall be filed at the

I ADMIN UNITmjD: 2iam S SEP 2 9 2026 ASAL REA F L 0000 O following offices having jurisdiction over the taxpayer-claimant: a.The Revenue District Office (RDO); or

. e ERMA RENEN g 08 b. The respective Large Taxpayers Audit Division (LTAD) or Large Taxpayers Division (LTD) under the Large Taxpayers Service (LTS).

In case an individual or corporation is entitled to a tax credit/refund of on their Annual Income Tax Return (AITR) may be carried over and the excess income taxes paid during the year, the excess amount shown

BIR National Office Bldg., Senator Miriam Defensor-Santiago Avenue, Diliman, Quezon City Trunkline: 8981-7000 : 8929-7676 Website: www.bir.gov.ph

taxable quarters of the succeeding taxable years. Once the option to credited against the estimated quarterly income tax liabilities for the

has been made, such option shall be considered irrevocable for tha carry over and apply the said excess income taxes paid against the income tax due for the taxable quarters of the succeeding taxable years

irrevocability rule, taxpayers who chose the option to "carry over" may taxable period, and no application for tax credit/refund shall be allowed. This is the irrevocability rule. As an exception to the introduced under Section 76(C) of the Tax Code, as amended. claim tax refund provided they have permanently ceased operations, as

a. For regular applications or those filed by taxpayers with "going- showing an overpayment shall be considered a written claim for tax credit/refund, provided that, for purposes of the one hundred eighty (180)-day processing period pursuant to Section 204(C) concern" status who have chosen the option to apply for tax credit/refund of the excess income tax in their AITRs, the filing of the Tax Code, as amended, the counting shall commence be submitted within the 2-year prescriptive period. of the application for tax credit/refund shall be made within two (2) years from the date of filing of the AITR. A return filed upon submission of the Application for Tax Credits/Refunds (BIR Form No. 1914) along with the complete documents as prescribed by the BIR in support of the application, which shall

b. For applications filed by taxpayers undergoing dissolution or cessation of business, Section 76(C) of the Tax Code, as amended, mandates that the processing office shall decide on the application and issue tax credit/refund of the excess/unutilized CWT within 2 years from the date of the dissolution or cessation

BY 00000708 JRDS MANAGEMENT DIVISION SEP 2 9 2026 Aomin unit - 1 C E E INTERNAL REVENUE IiMe 10:2 an due to the cessation or dissolution of business under Section the closure of business and the refund of excess income taxes amended. For the purposes of this Circular, the 2-year period to Update/Correction/Cancellation (BIR Form No. 1905) together with the complete documentary requirements set by the BIR for 76(C) of the Tax Code, as amended. of business. This is an exception to the 180-day processing of tax credit/refund under Section 204(C) of the Tax Code, as decide and refund the excess taxes shall commence from the submission of the Application for Registration Information

3 Only applications with complete documentary requirements enumerated in the attached Checklist of Mandatory Requirements status; Annex "A.1.2" for individual taxpayers with "going concern" status; or Annex "A.2" for taxpayers undergoing dissolution or (Annex "A.1.I" for non-individual taxpayers with "going concern cessation of business) shall be received and processed by the authorized processing office."

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III. REPEALING CLAUSE

repealed, modified, or amended accordingly. All revenue issuances or portions thereof that are inconsistent herewith are hereby

IV.EFFECTIVITY

This Circular shall take effect immediately. All internal revenue officials. employees, and others concerned are hereby enjoined to give this Circular as wide a publicity as possible.

CHARLITO MARTIN R. MENDQZA Commissioner of Internal-Revenue

@ BUREAU OF INTERNAL REVeNUE RECORDS MANAGEMENT DIVISION 00000708

G

SEP 2 9 2026

Aamin UniT:1 I0:42am TiME:

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