(Revenue Memorandum Circular No. 82-2020 issued on August 11, 2020)
This Tax Alert is issued to inform all concerned taxpayers on the expanded coverage of electronic Audit Financial Statements (eAFS) system.
All taxpayers can now use the eAFS system in submitting attachments to their annual and quarterly ITRs. This now includes taxpayers with fiscal-year accounting period.
The 3 categories for each group of scanned documents for manually and electronically filed documents prescribed under the provisions of Item II of RMC 49-2020 shall still be observed, except for the naming convention of the files, as follows:
a. File 1 - Income Tax Return - EAFSXXXXXXXXXITRTYMMYYYY
b. File 2 - Audited of Financial Statements - EAFSXXXXXXXXXAFSTYMMYYYY
c. File 3 - Other Attachments - EAFSXXXXXXXXXOTHTYMMYYYY-01
Where : XXXXXXXXX is the 9-digit TIN
: TY is the placeholder for taxable year to identify it as annual submission, regardless if FY or CY
: MM is the Month end of the taxable year
: YYYY is the Year Ended
: 01 is the first file of other attachments, up to 99 (applicable for File 3)
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