Acceptance of BIR Forms Nos. 0620 and 1621

July 17, 2019BANK BULLETIN NO. 18-19TO:All BIR Authorized Agent Banks   SUBJECT:Acceptance of BIR Forms Nos. 0620 (Monthly Remittance Form of Tax Withheld on the Amount Withdrawn from the Decedent's Deposit Account) and 1621 (Quarterly Remittance Return of Tax Withheld on the Amount Withdrawn from the Decedent's Deposit Account) Pursuant to the implementation of Republic Act (RA) No. 10963 or the Tax Reform for Acceleration and Inclusion (TRAIN) Law and as provided under Revenue Regulations (RR) No. 12-2018, as amended, below are the new BIR Forms for the payment of tax antecedent to the transfer of shares, bonds or rights and bank deposits withdrawal:  BIR Forms No.Forms DescriptionTax Type CodeFrequency0620Monthly Remittance Form of Tax Withheld on the Amount Withdrawn from the Decedent's Deposit Account WBMonthly1621Quarterly Remittance Return of Tax Withheld on the Amount Withdrawn from the Decedent's Deposit Account WBQuarterly In view of the above, all Authorized Agent Banks (AABs) are hereby advised to accept BIR Forms Nos. 0620 and 1621 and to follow the procedures in Bank Bulletin No. 2018-01 for the updating of the...