The Bureau of Internal Revenue (BIR) has issued its guidelines in the filing of annual income tax returns (AITR) and payment of taxes due for taxable year 2023.
In a circular dated April 8, the BIR said the filing of the 2023 AITR and the payment of corresponding taxes is due on or before April 15, 2024.
“The filing of the AITR for calendar year 2023 shall be done electronically in any of the available BIR electronic platforms. However, in case of unavailability/inaccessibility of the electronic platforms, manual filing of the AITR may be allowed,” the BIR said.
For payment of the income tax due, the tax agency said it shall be made either electronically in any of the available electronic payment gateways or manually to any authorized agent bank or revenue collection officer of any revenue district office.
The BIR further said that “no payment AITRs” shall be filed electronically.
However, this can be filed manually by the following taxpayers: senior citizen or persons with disabilities filing their own returns; employees deriving purely compensation income from two or more employers, concurrently or successively at any time during the taxable year, or from a single employer, although the income of which has been correctly subjected to withholding tax, but whose spouse is not entitled to substituted filing; and employees qualified for substituted filing but opted to file for an ITR and are filing for purposes of promotions, loans, scholarships and foreign travel requirements, among others.
Traditionally, the BIR has its highest monthly collection goal in April as it coincides with the deadline of the filing of AITRs and payment of taxes due thereon for the preceding taxable year.
For April 2024, the BIR has a collection target of P405.95 billion.
For the full year, the government’s largest revenue-generating agency aims to generate P3.06 trillion.
