Extended Deadline for Submission of 2018 Alphalist of Employees/Payees using the New Validation Data Entry and Validation Module

This tax alert is issued to inform all on the extended deadline for submission of Alphabetical List of Employees/Payees from whom Taxes Were Withheld for taxable year 2018.

Pursuant to the Tax Advisory issued today, the deadline for submission of alphabetical list of employees/payees for taxable year 2018 was moved from January 31, 2019 to February 15, 2019.

Under the Tax Code, as recently amended by TRAIN Law, every employer or other persons required to deduct and withhold tax is required to file an Annual Information Return of Income Taxes Withheld on Compensation and Final Withholding Taxes (BIR Form 1604C/1604F), together with the alphabetical list of employees/payees.

Pursuant to the changes implemented by TRAIN Law in the computation of withholding tax on compensation, the BIR issued an enhanced Data Entry and Validation Module (version 6.1) last January 17, 2019. Considering the delay in the issuance of the enhanced DEVM, the BIR now allows submission of the alphabetical list of employees/payees for the taxable year 2018 until February 15, 2019.

The deadline for filing of BIR Form 16014C/F remains to be January 31, 2019.