Tax Alerts

Deadline for submission of BIR Form No. 1604-C extended for employers with employees availing 5% PERA tax credit; employers with no employees availing 5% PERA tax credit to continue to file using the old format on or before Jan. 31, 2023

(Tax Advisory, January 25, 2023)

This Tax Alert is issued to inform all concerned taxpayers on the updated deadline on the submission of BIR Form No. 1604-C (Annual Information Return of Income Taxes Withheld on Compensation), together with the alphalist of employees attachment covering taxable year ended December 31, 2022.

Employers who don’t have employees availing the 5% tax credit under the Personal Equity and Retirement Account (PERA) Act of 2008 shall continue to use the existing version of the downloadable Alphalist Data Entry and Validation Module (version 7.0). The deadline for the submission of BIR Form 1604-C and alphalist of employees for these employers shall still be on January 31, 2023.

However, employers who have employees availing the said 5% tax credit incentive shall use the enhanced data entry module which will be posted in the BIR website. Since the availability of the enhanced module to incorporate the new format of the alphalist prescribed under Revenue Memorandum Circular (RMC) No. 160-2022 is still pending, the deadline for the submission of BIR Form 1604-C and alphalist of employees for these employers shall be within thirty (30) days from the date of posting of an advisory at the BIR website regarding the availability of the enhanced validation module.