RMC No. 9-2023 — Announces the availability of revised BIR Form Nos. 1606 and 1706 version January 2018 Digest | Full Text | BIR Form No. 1606 | 1606 Guidelines | BIR Form No. 1706 | 1706 Guidelines

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES BIR National Office Building DEPARTMENT OF FINANCE Quezon City BUREAUGT RECHS: [q46 A M JAN 26 20Z3 R AON

January 26, 2023

REVENUE MEMORANDUM CIRCULAR NO. - 2O23

SUBJECT Circularizing the Availability of Revised BIR Form Nos. 1606 and 1706 Version January 2018

TO : All Internal Revenue Officers, Employees, and Others Concerned

"A" to "B", which were revised due to the implementation of'the Tax Reform for Acceleration and Inclusion (TRAIN) Law, to wit: This Circular is issued to prescribe the foliowing BIR Forms, hereto attached as Annexes

Form No. Description

(Annex "A) 1606 Withholding Tax Remittance Return [For Onerous Transfer of Real Property Other Than Capital Asset (Including Taxable and Exempt))

(Annex "B") 1706 as Capital Asset-both Taxable and Exempt) Capital Gains Tax Return (For Onerous Transfer of Real Property Classified

under the following section: The revised manual returns are already available in the BIR website (www.bir.gov.ph)

Form No. 1606 1706 BIR Forms-Income Tax Return BIR Forms-Payment/Remittance Forms Section

to penalties under Sec. 250 of the Tax Code, as amended. Payment of the tax due thereon, if any. forms, print the forms and fill-out completely all the applicable fields, otherwise shall be subjected shall be made thru: Forms (eBIRForms); thus, manual and eBIRForms filers shall download the PDF version of the However, the forms are not yet available in the Electronic Bureau of Internal Revenue

a.) Manual Payment - I In places where there are no AABs, return shall be filed and the tax due shall be paid Authorized Agent Bank (AAB) located within the territorial jurisdiction of the Revenue District Office (RDO) where the property being transferred is located; with the concerned Revenue Collection Officer (RCO) under the jurisdiction of the RDO using MRCOS facility.

b.) Online Payment - Landbank of the Philippines (LBP) Link.Biz Portal - for taxpayers who have ATM VISA/MasterCard Credit Card and/or Bancnet ATM/Debit Card; or account with LBP and/or holders of Bancnet ATM/Debit Card/Prepaid Card of Robinsons Bank, Union Bank, BPI, PSBank and Asia United Bank); Deveiopment Bank of the Philippines' (DBP PayTax Online) - for holders of taxpayer utilizing PCHC PayGate or PESONet facility "edepositors of RCBC,

Union Bank of the Philippines (UBP) Online/The Portal -- for taxpayers who has an holder of Union Bank. account with UBP or Instapay using UPAY Facility for Individual non-account

Office having jurisdiction over the place where the property being transferred is located In case of "No Payment Return", taxpayer shall file the return to the Revenue District

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

Coissioner of Internal Revenue ROMEO D. LUMAGUI, JR

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