RR No. 19-2011 dated December 9, 2011 New Income Tax Forms

RR No. 19-2011 dated December 9, 2011

New Income Tax Forms

►  These Regulations are prescribed to revise BIR Form Nos. 1700,1701, and 1702 to reflect the changes in information requested from said BIR Forms and to enable the said forms to be read by an Optical Character Reader.

►  Said forms will be used for Income Tax filing covering and starting with Calendar Year 2011, and to modify RMC No. 57-2011.

►  All juridical entities following fiscal year of reporting are likewise required to use the new BIR Form 1702 starting with those covered under fiscal year ^d[ng^)anuaj^_Mi2012-

►  The following revised forms should be used:

■   BIR Form 1700 version November 2011 (Annual Income Tax Return for Individuals Earning Purely Compensation Income);

.   BIR Form 1701 version November 2011 (Annual income Tax Return for Self-Empioyed Individuals, Estates and Trusts); and

.   BIR Form 1702 version November 2011 (Annual income Tax Return for
Corporation, Partnership and Other Non-Individual Taxpayer