Tax Alert No. 5 [Revenue Memorandum Circular No. 034-2025]

Guidelines in the Filing of Annual Income Tax Returns and Payment of Taxes Due Thereon for Calendar Year 2024 

Please be informed that RMC No. 034-2025 has been issued to prescribe the guidelines for the filing of the Annual Income Tax Return (“AITR”) covering the calendar year ended 31 December 2024 (“CY 2024), and the payment of the corresponding taxes due thereon by 15 April 2025. 

The salient provisions of this RMC are summarized below:

1. Filing of Tax Returns

• AITR for CY 2024, including those without payments, shall be filed electronically using any of the available platforms like Electronic Filing and Payment System (“eFPS”), eBIRForms, and Tax Software Providers (“TSPs”). 
• Manual filing is allowed only (1) for individual business taxpayers classified as Micro and Small Taxpayers, (2) when electronic systems are unavailable, as indicated by a BIR-issued advisory, or (3) when there is justifiable reason as determined by the Commissioner of Internal Revenue (CIR) or an authorized representative. 
• Taxpayers mandated to use the eFPS shall file the AITR electronically and pay the taxes due thereon through the eFPS-Authorized Agent Banks (“AABs”) where they are enrolled. They shall use eBIRForms facility in case filing of the AITR cannot be made through the eFPS due to the limited identified situations. 
• Non-ePFS taxpayers shall use the eBIRForms in filing their AITR electronically through the Offline eBIRForms Package v7.9.4.2. 
• BIR eLounge Facility is available for the use of senior citizens, persons with disabilities, employees with multiple employers, and those without internet access. Priority is given to taxpayers filing their own returns over tax practitioners filing for clients 

2. Payment of Taxes

• For manual payments, they can be made through any AAB. In areas without AABs, payments can be made with the Revenue Collection Officer (“RCO”) in any Revenue District Office (“RDO”). RCOs in RDO premises can accept cash payments up to PHP 20,000 or checks of any amount. 
• Online payments can be coursed through the following Electronic Gateways: 
  • Landbank of the Philippines (LBP) Link.BizPortal 
  • Development Bank of the Philippines (DBP) PayTax Online 
  • Union Bank of the Philippines (UBP) Online/The Portal Payment Facilities 
  • TSPs – Maya or MyEG 

 3. Others

• Since the AITR will be filed electronically, there is no need to have it stamped "Received". The Filing Reference Number (“FRN”) or the Tax Return Receipt Confirmation (“TRRC”) shall serve as proof of filing such AITR.  
• The attachments to the AITRs, if there are any, shall be submitted electronically using the eAFS system. The eAFS generated Transaction Reference Number (“TRN”)/ Confirmation Receipt shall serve as proof of submission by the taxpayer of the attachments to the BIR. 
• Companies which filed their AFS through the BIR eAFS system, shall attach the system-generated TRN/Confirmation Receipt issued by the BIR, in lieu of the manual "Received" stamp per Memorandum Circular No. 1 Series of 2025 (MC No. 1 S.2025) of Securities and Exchange Commission (“SEC”). 
• Manual submission of the attachments to the Large Taxpayers Office/Division or RDO or to the RCO, shall be allowed in case of system unavailability with a duly released advisory. Attachments shall be stamped only on the page of the Audit Certificate, Balance Sheet/Statement of Financial Position and Income Statement/Statement of Comprehensive Income.

You may access the full version of this Regulation 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