

Amends RMC NO. 40-2011
► This Circular was issued to amend BIR Forms
No. 1700, 1701 and 1702 The amendment consists
1 Making the
disclosure of Supplemental Information under BIR Form Nos. 1700 and 1701
optional on the part of the taxpayer for income tax filing covering and
starting with calendar year 2011; and
2.
Renaming BIR Form No. 1702 as the November 2011 version.
Individual
income tax filers using Form Nos. 1700 and 1701 are advised that, starting
calendar year 2012, the disclosures required under the Supplemental Information
portion of the forms Thus, taxpayers are advised to demand
from their payors, and properly document their BIR Form No. 2307 and other
pieces of evidence for final taxes withheld. Additionally, said taxpayers
should properly receipt and book their tax-exempt income.
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