Tax Alert No. 6 [Revenue Memorandum Circular (RMC) No. 9-2023 dated 26 January 2023]
30 Jan 2023
Circularizing the Availability of Revised BIR Form Nos. 1606 and 1706 Version January 2018
RMC No. 9-2023 has been issued to revise the following BIR Forms due to the implementation of Republic Act (RA) No. 10963 or the Tax Reform for Acceleration and Inclusion (TRAIN) Law:
| Form No. | Description |
| BIR Form No. 1606 | Withholding Tax Remittance Return [For Onerous Transfer of Real Property Other Than Capital Asset (Including Taxable and Exempt) |
| BIR Form No. 1706 | Capital Gains Tax Return (For Onerous Transfer of Real Property Classified as Capital Asset-both Taxable and Exempt) |
The revised manual returns are already available on the BIR website. However, the forms are yet to be available on the Electronic BIR Forms (eBIRForms).
Manual and eBIRForms filers are mandated to download and print the PDF version of the forms and fill out the applicable fields accordingly. Otherwise, penalties under Section 250 of the Tax Code, as amended, shall be imposed.
In addition, payments of taxes due thereon may be made manually or electronically. In case of “No Payment Return”, the taxpayer shall file the return to the Revenue District Office (RDO) having jurisdiction over the location of the property being transferred.
You may access the full version of this Circular through the BIR website.
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