Income Tax
1. Who are required to file income
tax, please click on this link
2. Please be reminded of the pertinent
provisions of Revenue Regulations No. 9-99 dated 19 April 1999 in relation
to the filing of returns by those individuals exempt from tax for the year
1998, quoted as follows:
Section 51 (A) (3) ---- any individual
not required to file a return may nevertheless be required to file an
information return pursuant to rules and regulations prescribed by
the Secretary of Finance, upon the recommendation of the Commissioner.
Section 3. Compliance and Administrative
Procedures:
Every person classified within the
scope of this Revenue Regulation shall make an information return by accomplishing
BIR Form 1701C or the new computerized Form 1703 properly labeling among
others the appropriate "tax due space" as EXEMPT.
The accomplished BIR Form 1701C or
new BIR Form 1703 whichever is applicable, together with other relevant
supporting papers (e.g. Employer’s Declaration of Income Earned, Financial
Statements) shall be filed not later than April 15 following the taxable
year, to the Foreign Post or the Revenue District Office which has jurisdiction
over the place of residence of the taxpayers.
