RMC No. 28-2018 — Advises taxpayers to disregard the penalties computed by the Electronic Filing and Payment System (eFPS) in BIR Form Nos. 1602 and 1603 of the eFPS Digest | Full Text

REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE Quezon City April 27, 2018 REVENUE MEMORANDUM CIRCULAR NO. 28-2018 SUBJECT : Penalties Computed in BIR Form Nos. 1602 and 1603 of the Electronic TO Filing and Payment System (eFPS) : All Internal Revenue Officials, Employees and Others Concerned It has come to our attention that the existing old version of BIR Form Nos. 1602 (Monthly Remittance Return of Final Income Taxes Withheld on Interest Paid on Deposits and Yield on Deposit Substitutes/Trusts/Etc.) and 1603 (Quarterly Remittance Return of Final Income Taxes Withheld on Fringe Benefits Paid to Employees Other than Rank and File) loaded in the eFPS is computing penalties for late filing and/or payment. The reason for this is that the deadline in the eFPS is still being updated, to wit: BIR Form Old Deadline Updated Deadline under No. the TRAIN Law 1602 On or before the 10th day of the following month in which withholding is made not later than the last day 1603 On or before the 10th day of the month of the month following following the calendar quarter in which the the close of the quarter fringe benefits were granted. during which withholding was made In view of the ongoing updates of the Bureau's eFPS, taxpayers are advised to disregard the penalties computed by the system and pay only the basic tax due, provided that the payment shall be made on or before the last day of the month. Any filing and/or payment beyond the deadline shall be subject to the applicable penalties imposed/computed by the eFPS from updated due date until actually paid. For the guidance and information of all concerned. (Original Signed) CAESAR R. DULAY Commissioner of Internal Revenue H-2 /mariam GAM _______ ASDG _______ TMD ______ AVM _______ TMA _______ JRC _______ JMLH _______ ESM _______ AFD _______