RMC No. 10-2015 — Prescribes the policies relative to the filing of Income Tax Returns (BIR Form No. 1700) by employees belonging to employers identified as Large Taxpayers

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

March 23, 2015

ReVenUE MEMOrAndUM CIrCULAr nO. 10- 20 iS

SUBJECT FILING OF INCOME TAX REtURNS (BIr FORM NO. 1700) OF EMPLOYEES BELOngIng TO tHE eMPLoyEr idEntiFiEd AS LARgE TAXPAyEr TO All Revenue Officials, Employees and Others Concerned

transactions of empioyees of Large Taxpayer (LT) and the existing registration records of employees are still with the Revenue District Office (RDO) where the LT is physically iocated/situated.'all RDOs Tax Returns (ITR) with no tax payment shall be'manually filed using eBIRForms, in triplicate copies. with the RDO where the LT employer is physically situated/located. On the other hand. ITR with payment shall be filed/paid in any Authorized Agent Banks (AABs)/Revenue Collection Officers (RCOs), Special Collecting Officers (SCOs) and other authorized Collection Officers (COs) within the concerned RDO. Aiso, for taxpayers' convenience, they are encouraged to e-file and/or e-pay using are hereby directed to accept/receive BIR Form 1700 filed by employees employed by LT. The income eFPS. While the Large Taxpayer Offices of the Bureau has limited accessibility in processing

For example: Employee of SM North Edsa (main employer is a Large Taxpayer) must file at RDO 038 - North, Quezon City where SM is physically situated/located, indicating also RDO Code 038 in the iTR.

Revenue Regulations (RR) 7-2012 and using eTIS1, shall file their no payment ITR with the concerned Large Taxpayer Office or pay in any AABs (ITR with payment) of LT. However, new employees of LT registered where the LT employer is registered following

employees deriving compensation income from'two or more empioyers, concurrently or successively at any time during the taxable year; employees deriving compensation income and the income tax of which has not been withheld correctly (i.e. tax due is not equal to the tax withheld) are required to fiie BIR Form 1700: or those empioyees qualified for substituted filing but opted to file for an ITR for purposes of promotion (PNP/AFP), loans, foreign travel requirements, etc. Only employees not qualified for the substituted filing pursuant to RR 3-2002, such as

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

H -2 BUREAU QF INTERNAL RENENUE RECORDS MGT. DIVISION RECEIVED Wr 2 2051 9:4D"A M UaA Commissioner of internal Revenue Kim S. JaciNto-Henares 031370