Legal Research Taxation New Annual Income Tax Form No. 1701A — Annual Income Tax Return for Individual Earning Income Purely from Business or Profession

New Annual Income Tax Form No. 1701A — Annual Income Tax Return for Individual Earning Income Purely from Business or Profession

Bank Bulletin No. 02-19

January 28, 2019

BANK BULLETIN NO. 02-19

TO	:	All Authorized Agent Banks

SUBJECT	:	New Annual Income Tax Form No. 1701A — Annual Income Tax Return for Individual Earning Income Purely from Business or Profession

Pursuant to the implementation of Republic Act (R.A.) No. 10963 or the Tax Reform Acceleration and Inclusion (TRAIN) Law and as provided for in Revenue Memorandum Circular (RMC) 17-2019, below is the new income tax return for individuals earning income purely from Business or Profession: DHIcET

Form Code	Form Description	Tax Type	Tax Type Description	Frequency
1701A	Individuals Earning Income purely from Business/Profession	IT	Annual Income Tax Return	A

In view thereof, all AABs are hereby advised to accept BIR Form No. 1701A and to follow the procedures in Bank Bulletin No. 2018-01 for the updating of the BIR Forms in the Forms Codes table under the Limited Data Bank Entry System (LDBES) or AABs Bank System authorized by the Bureau of Internal Revenue.

For further queries on the updating procedures, please contact Mr. Sean Neil S. Sabado of this Bureau's Systems Development Division (SDD) through telephone numbers 9251966 and 9817090 or email us at...

New Annual Income Tax Form No. 1701A — Annual Income Tax Return for Individual Earning Income Purely from Business or Profession

New Annual Income Tax Form No. 1701A — Annual Income Tax Return for Individual Earning Income Purely from Business or Profession

Bureau of Internal Revenue

BIR Bank Bulletins

Bank Bulletin No. 02-19