[ BIR REVENUE REGULATIONS NO. 7-96, June 06, 1996 ]
PRESCRIBING THE USE OF THE REDESIGNED/NEW FORMS IN THE FILING OF TAX AND INFORMATION RETURNS/DECLARATIONS AND APPLICATIONS FOR REGISTRATION AND PERMIT.
SECTION 1. Scope. - In line with the computerization program of the Bureau and pursuant to Sections 4 and 16 in relation to Section 245 all of the National Internal Revenue Code (NIRC), as amended, these regulations are hereby promulgated prescribing the use of the following redesigned/new forms in the filing of tax and information returns/declarations and applications for registration and permit.
All other taxpayers not within the jurisdiction of the "Pilot Areas" shall continue to use the corresponding old forms in the filing of their tax returns/declarations/forms and in the payment of the internal revenue taxes due if any, in accordance with the existing provisions of the NIRC, as amended, and implementing rules and regulations.
SECTION 3. Account Information Form. - The respective duly accomplished Account Information Forms (AIF Nos. 1701AIF-1, 1701AIF-2, 1702AIF-1, 1702AIF-2 and 1702AIF-3) which shall contain the information lifted from certified balance sheets, profit and loss statements and other relevant statements shall accompany the income tax return to be filed in accordance with Section 232, in relation to Section 16(h) both of the NIRC, as amended, and implementing rules and regulations.
Taxpayers concerned are still required to keep the audited Financial Statement duly certified by an independent Certified Public Accountant.
SECTION 4. Registration/Taxpayer Record Update (TRU). - All taxpayers, including individuals receiving purely compensation and/or mixed income, single proprietors, professionals engaged in the practice of profession, government agencies and instrumentalities including government owned or controlled corporations, shall register and/or update their registration record using the NEW Registration Forms (1901, 1902, 1903, 1904 and 1905) as the case may be, and file the same in accordance with the regulations to be promulgated by the Secretary of Finance upon recommendation of the Commissioner.
SECTION 5. Place of Filing. - The return/declaration/form shall be accomplished and shall still be filed in triplicate with, and the payment of tax due, if any, made to the proper venue prescribed under existing laws, rules and regulations.
SECTION 6. Repealing Clause. - The provisions of existing revenue regulations and issuances inconsistent herewith are hereby repealed, amended, or modified accordingly.
SECTION 7. Effectivity Clause. - These regulations shall take effect fifteen (15) days after publication in any newspaper of general circulation in the Philippines.
Adopted: 6 June 1996
(SGD.) ROBERTO F. DE OCAMPO
Secretary of Finance
Recommending Approval:
(SGD.) LIWAYWAY VINZONS-CHATO
Commissioner of Internal Revenue
SECTION 2. Requirements. - All persons, natural or juridical, who are within the jurisdiction of any of the following Revenue District Offices, to wit:
RDO No. 30 - Binondowhich are designated as pilot areas for the roll-out of the eight re-engineered computerized systems on July 1, 1996, to wit:
RDO No. 32 - Quiapo, San Miguel, Sta. Mesa, Sampaloc
RDO No. 33 - Ermita, Intramuros, Malate
RDO No. 52 - Para aque
RDO No. 81 - Cebu North District
Registration Systemare required to use the corresponding prescribed redesigned and new forms in the filing of tax and information returns/declaration forms pursuant to the pertinent provisions of the NIRC, as amended.
Returns Processing System
Returns Compliance System
Accounts Receivable System
Taxpayer Accounting System
Case Monitoring System
Audit System and
Collection and Bank Reconciliation System
All other taxpayers not within the jurisdiction of the "Pilot Areas" shall continue to use the corresponding old forms in the filing of their tax returns/declarations/forms and in the payment of the internal revenue taxes due if any, in accordance with the existing provisions of the NIRC, as amended, and implementing rules and regulations.
SECTION 3. Account Information Form. - The respective duly accomplished Account Information Forms (AIF Nos. 1701AIF-1, 1701AIF-2, 1702AIF-1, 1702AIF-2 and 1702AIF-3) which shall contain the information lifted from certified balance sheets, profit and loss statements and other relevant statements shall accompany the income tax return to be filed in accordance with Section 232, in relation to Section 16(h) both of the NIRC, as amended, and implementing rules and regulations.
Taxpayers concerned are still required to keep the audited Financial Statement duly certified by an independent Certified Public Accountant.
SECTION 4. Registration/Taxpayer Record Update (TRU). - All taxpayers, including individuals receiving purely compensation and/or mixed income, single proprietors, professionals engaged in the practice of profession, government agencies and instrumentalities including government owned or controlled corporations, shall register and/or update their registration record using the NEW Registration Forms (1901, 1902, 1903, 1904 and 1905) as the case may be, and file the same in accordance with the regulations to be promulgated by the Secretary of Finance upon recommendation of the Commissioner.
SECTION 5. Place of Filing. - The return/declaration/form shall be accomplished and shall still be filed in triplicate with, and the payment of tax due, if any, made to the proper venue prescribed under existing laws, rules and regulations.
SECTION 6. Repealing Clause. - The provisions of existing revenue regulations and issuances inconsistent herewith are hereby repealed, amended, or modified accordingly.
SECTION 7. Effectivity Clause. - These regulations shall take effect fifteen (15) days after publication in any newspaper of general circulation in the Philippines.
Adopted: 6 June 1996
Secretary of Finance
Recommending Approval:
(SGD.) LIWAYWAY VINZONS-CHATO
Commissioner of Internal Revenue