Revenue Memorandum Circular · RMC

RMC No. 9-2023

To announce the availability of revised BIR Forms 1606 and 1706, revised due to the implementation of the TRAIN Law, and to provide guidance on where the forms may be obtained and how any tax due may be paid.

Bureau of Internal RevenueIndependent research copy

Document type: RMC
Number: 9
Year: 2023
Text quality: Not specified

Document text

Reference copy · verify against the official source

RMC No. 9-2023 (January 26, 2023) announces that revised BIR Forms 1606 (Withholding Tax Remittance Return for onerous transfer of real property other than capital asset) and 1706 (Capital Gains Tax Return for onerous transfer of real property classified as capital asset), revised due to the TRAIN Law, are available on the BIR website. The forms are not yet in eBIRForms, so manual and eBIRForms filers must download, print, and completely fill out the PDF forms or face penalties under Section 250 of the Tax Code. Any tax due may be paid manually (via an AAB in the RDO where the property is located, or with an RCO using MRCOS where there are no AABs) or online (LBP Link.Biz Portal, DBP PayTax Online, or UBP Online/The Portal). No-payment returns are filed with the RDO where the property being transferred is located.