Tax Alert No. 12 [Revenue Memorandum Circular (RMC) No. 22-2024 dated 12 February 2024]

Availability of BIR Form No. 1702-EX January 2018 (ENCS) v2 in the Electronic Filing and Payment System (eFPS)

Please be informed that the BIR has issued RMC No. 22-2024 announcing the availability of BIR Form No. 1702-EX [Annual Income Tax Return for Corporation, Partnership and Other Non-Individual Taxpayers EXEMPT Under the Tax Code, as Amended, {Sec. 30 and those exempted in Sec. 27(C)} and Other Special Laws, with NO Other Taxable Income] January 2018 (ENCS) v2 in the Electronic Filing and Payment System (eFPS).

This form shall be filed and the tax due thereon paid on or before the 15ᵗʰ day of the 4ᵗʰ month following the close of the taxpayer’s taxable year.

Effective immediately, all taxpayers who are mandated to use the eFPS shall file the above-mentioned returns and pay the corresponding taxes due, if any, using the eFPS facility.

You may access a copy of the Circular 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.