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PIA Press Release
2009/02/09

BIR calls on taxpayers to file income tax returns early

by Jemin B. Guillermo

Roxas City (9 February) -- The Bureau of Internal Revenue (BIR) has called on taxpayers to file their Income Tax Returns (ITRs) early.

Internal Revenue Commissioner Sixto Esquivias IV recently called on all taxpayers to file their ITRs for the taxable year 2008 early and pay the corresponding taxes correctly before the April 15 deadline.

Esquivias, in the BIR online news, explained that by filing the ITRs as well as payment of corresponding taxes would avoid queus in banks and BIR offices.

He revealed that the BIR has already revised the old tax forms which the taxpayers could already use this filing season, namely BIR Forms 1601C, 1601E, 1604CF, 1606, 1700, 1701, 1701Q, 1702, 1902, 2305, and 2316.

He said that the bureau will issue soon new implementing guidelines in the acceptance of 2008 ITRs as well as other modes of accepting tax payments during this income tax filing season.

Esquivias further reminded withholding agents to file BIR Form 1604CF whose deadline had been extended to February 27, 2009 from its original due date of January 31.

He said that those qualified under the "substituted filing" system are those with compensation income only, who have one employer for the calendar year and their tax due is equal the tax withheld as reflected on BIR Form 2316. BIR Form 2316 serves the same purpose as if BIR Form No. 1700 had been filed.

Esquivias also clarified that ITRs together with the required attachments that bear no payment such as exempt, break-even and refundable, must be filed directly with the Revenue District Offices (RDOs) where the taxpayers are registered.

According to him, minimum wage earners are exempted from withholding tax from July - December 2008 as implemented under Revenue Regulations (RR) No. 10-2008 pursuant to Republic Act No. 9504 and therefore need not file their returns except for those with other income within the year but are not fixed, and therefore must be filed using BIR Form 1701.

"However returns with payments must be filed with the AABs under the jurisdiction of the RDOs, where the taxpayers are registered," Esqivias said.

The BIR Commissioner advised the AABs to accept payments from taxpayers who are within the premises of their banks and to treat bank clients and non-bank clients equally during the filing season.

"This early we are reminding all AABs all over the country to accept tax payments from tax filers even if the latter do not have existing bank accounts with your bank," Esquivias stressed.

Esquivias further disclosed that the BIR had already set strategies and action plans for the next five years.

"We have also brought back to the Large Taxpayers Service (LTS) group the 489 large taxpayers that were transferred to the revenue district offices last year to expand the large taxpayer base and increase collection," he added.

"We are therefore optimistic that with our concerted efforts in raising revenues and with the cooperation of all taxpayers to pay their correct taxes, the bureau will be able to collect and reach our revenue target for this year," Esquivias said. (PIA) [top]

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