RMC No. 92-2025 — Work-around Procedure for the Accomplishment of BIR Form No. 1602Q in Light of the Implementation of Republic Act No. 12214, also known as the "Capital Markets Efficiency Promotion Act (CMEPA)"

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Bringing In Revenues for Nation-Building PILIPINAS BAGONG

OCT 2 2 2025

REVENUE MEMORANDUM CIRCULAR NO._ 0 9 2 - 2 025

SUBJECT:Work-around Procedure for the Accomplishment of BIR Form No.1602Q in Light of Efficiency Promotion Act (CMEPA) the Implementation of Republic Act No.12214,also known as the Capital Markets

TO :All Internal Revenue Officials,Employees and Others Concerned

Substitutes/Trusts/Etc.(BIR Form No.1602Q and filing thereof in the Electronic Filing and Payment Remittance Return of Final Taxes Withheld on Interest Paid on Deposits and Yield on Deposit System (eFPS) and eBIRForms in the light of the increase in tax rate on foreign currency deposit from 15% to 20%, pursuant to Republic Act No. 12214, also known as the Capital Markets Efficiency Promotion Act (CMEPA),as implemented by Revenue Regulations No.21-2025. This Circular is hereby issued in order to provide the manner of accomplishment of the Quarterly

Pending the revision of BIR Form No. 1602Q in the said systems, all concerned taxpayers shall observe the following procedures in the accomplishment of the said return prior to its filing and payment of the corresponding taxes due thereon:

1.All eFPS and eBIRForms filers shall use the BIR Form No.0605 in the filing and remittance of the final withholding tax on foreign currency deposit.

OCT 2 2 2025 VBUREAUS OFINTERNANR Accomplish/Fill-out the necessary fields in BIR Form No. 0605 and indicate the following:

S u b. C. a, For ATC-MC200 For Tax Type-WB For Manner of Payment-Click onOTHERSbox and typeFWT CMEPA UN 3 Click onValidate

: 30{Pn P EVEN Rt online payment thru Maya (formerly Pay Maya), Landbank Electronic Payment Service (LBEPS) or BIR-DBP PayTax Online (BDPTO); or manual payment via over-the-counter (OTC) of Authorized Agent Banks (AABs) for eBIRForms filers. Pay online the corresponding taxes due by proceeding the payment for eFPS filers and via

Circular as wide a publicity a posble. All internal revenue officers, employees, and others concerned are hereby enjoined to give this 00140

J-5 Date of Signing: mT 21-2025 per RSO/DPONo.WMK MARISSA Deputy Commissioner Operations Group Officer-in-Charge .CABREROS,CESO II Commissioner of Internal Revenue ROMEO D.LUMAGUI,JR

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