Tax Alert No. 4 [Revenue Memorandum Circular (RMC) No. 9-2024 dated 15 January 2024]

Surcharge Computed in the Filing of an Amended Return in the Electronic Filing and Payment System (eFPS)

Please be informed that the Commissioner of Internal Revenue has issued RMC No. 9-2024 to clarify the non-imposition of surcharge on amended tax returns in the eFPS pursuant to RMC No. 43-2022, where the taxpayer was able to file the initial tax return on or before the prescribed due date.

RMC No. 9-2024 provides that while the eFPS is being enhanced to adjust the computation of the surcharge, eFPS users/taxpayers are advised to disregard the surcharge automatically computed by the system when filing amended tax returns, provided that the original tax return was filed on or before the prescribed due date for filing. In case there is an additional tax to be paid as a result of the amendment, only the basic tax, computed interest, and the compromise shall be paid.

You may access a copy of the RMC through the BIR website

For any inquiry or request for assistance, please feel free to contact anyone from our Tax Services group. You may also reach us through this link.