(Revenue Memorandum Circular No. 63-2024, May 27, 2024)
This Tax Alert is issued to inform all concerned on the availability of the January 2018 (ENCS) version of the Annual Income Tax Return for Corporation, Partnership and Other Non-Individual with Mixed Income subject to Multiple Income Tax Rates or with income subject to Special/Preferential Tax Rates (BIR Form No. 1702-MX) in the Electronic Filing and Payment System (eFPS).
All mandated eFPS taxpayers required to file the BIR Form 1702-MX, and pay the corresponding tax due thereon, if any, shall use the eFPS facility effective immediately.
The annual income tax return is due on or before the 15th day of the 4th month following the close of the taxpayer’s taxable year.