RMC No. 41-2016 — Further amends RMC No. 57-2011, as amended by RMC Nos. 21-2013, 9-2014 and 13-2015, entitled "Revised Forms No. 1700, 1701 and 1702"

REPUBLIC OF THE PHHLIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City April 1, 2016

REVENUE MEMORANDUM CIRCULAR NO.-.- 20/6

SUBJECT Further Amending Revenue Memorandum Circular (RMC) No

2015, entitled "Revised Forms No. 1700, 1701, and 1702". 57-2011, as amended by RMC Nos. 21-2013, 9-2014 and 13-

TO All Internal! Revenue Officials, Employees and Others

Concerned..

21-2013,9-2014 and 13-2015, are hereby further amended to read as follows: The first and second paragraphs of RMC No. 57-2011, as amended by RMC Nos.

"This circular further amends BIR Forms No. 1700,1701, and 1702 previously amended under Revenue Memorandum Circular No. 40-2011

on the part of the taxpayer for income tax filing covering and starting Supplemental Information under BIR Form Nos. 1700 and 1701 optional with calendar year 2015, due for filing on or before April 15,2016,xxx. The' amendment consists mainly in making the disclosure of

Individual income tax filers using forms No. 1700 and 1701 are however advised that for income tax filing covering and starting with calendar year 2016 the disclosures required under the Supplemental Information portion of the said forms will be mandatory. Thus, the taxpayers are advised to demand from their payors, and properly document their BIR Form No. 2307 and other pieces of evidence for final

business, should properly.receipt and book all their income, taxes withheld. However, said taxpayers, specially those.engage in income is tax-exempt." whether they are subiect to final withholding tax or whether the

All other circulars and revenue issuances inconsistent herewith are

enjoined to give this Circular as wide as publicity as possible. hereby amended, modified or revoked accordingly. All Revenue Officials are

This Circular shall take effect immediately.

BUREAU OF INTERNAL REVENUE RECORDS MGT DVSION FECEIVEO APR J 4 2016 7 10:33A.M: MALA Commissioner of Internal Revenue KIM S. IACINTO-HENARES 040309