In a couple of weeks, the Annual Income Tax Return (AITR) for the Calendar Year 2024 will be due for filing and payment on or before April 15, 2025.

Furthermore, fifteen (15) days from the deadline of filing and payment of the Annual Income Tax Return (AITR) for the Calendar Year 2024, the required attachments supporting the filed and paid Annual Income Tax Return (AITR), will also be due for submission on or before April 30, 2025.

To avoid the long lines and possible system delays or errors brought by the volume of filers nearing the deadline date, it is advisable to file earlier.

This article aims to provide basic guidelines on filing, payment and submission of Annual Income Tax Return and required attachments for the Calendar Year 2024.

What is an Annual Income Tax Return?

Annual Income Tax Return is a tax applied on the net taxable income during the covered year, such as calendar year 2024.

The net taxable income is computed as annual gross sales less allowed deductions.

Net Taxable Income = Annual Gross Sales – Allowed Deductions

The net taxable income will then be multiplied by the income tax rate applicable to get the amount of income tax due.

Income Tax Due = Net Taxable Income x Income Tax Rate

To determine the income tax payable or credit, the income tax due is reduced by any applicable tax credit or deductions.

Income Tax Payable (Credit) = Income Tax Due – Tax Credits

The above general income tax computations is applicable to taxpayers engaged in business, self-employment or practice of profession in general, except for Corporations who may be subjected to Minimum Corporate Income Tax (MCIT).

What is Calendar Year 2024?

Calendar year 2024 applies to taxpayers whose accounting period starts January 1, 2024, and ends December 31, 2024.

Who are required to file and pay Annual Income Tax Return?

In general, taxpayers who are:

• earning compensation (salary) not covered by substituted filing.
• engaged in doing business, self-employment or practice of profession.
• mixed income earners.

When is the deadline for filing and payment of Annual Income Tax Return for Calendar Year 2024?

The deadline for filing and payment of the annual income tax return for the calendar year 2024 is on or before April 15, 2025

The submission of the applicable Summary Alphalist of Withholding Taxes at Source (SAWT) data file (DAT File) to esubmission@bir.gov.ph,  is also due on or before April 15, 2025.

What are the BIR Forms used in filing and payment of the Annual Income Tax Return?

The applicable BIR Forms for the Annual Income Tax are as follows:

For Individuals

• BIR Form 1700 – Annual Income Tax Return for Individuals Earning Purely Compensation Income not covered by Substituted Filing.
  
• BIR Form 1701A – Annual Income Tax Return for Individuals Earning Income Purely from Business, Self-Employment or Practice of Profession who availed 8% Flat Income Tax Rate or Graduated Income Tax Rate – Optional Standard Deduction. For more information about BIR Form 1701A, you may also read our article. Click here.
  
• BIR Form 1701 – Annual Income Tax Return for Individuals engaged in Business, Self-Employment, Practice of Profession and Mixed Income Earners. For more information about BIR Form 1701, you may also read our article. Click here.

Note: BIR Form 1701A or 1701 are automatically prepared if you are using MPM Accounting Software. For details and for free trial, visit this link: www.mpm.ph/tax

For Non-Individuals such as Corporations and Partnerships

• BIR Form 1702EX – Annual Income Tax Return for Corporation, Partnership and Other Non-Individual Taxpayer with EXEMPT RATE.

• BIR Form 1702MX– Annual Income Tax Return for Corporation, Partnership and Other Non-Individual with MIXED or SPECIAL RATE.
  
• BIR Form 1702RT – Annual Income Tax Return for Corporation, Partnership and Other Non-Individual Taxpayer Subject Only to REGULAR Income Tax Rate.

Note: BIR Form 1702RT or 1702EX are automatically prepared if you are using MPM Accounting Software. For details and for free trial, visit this link: www.mpm.ph/tax

How to File the BIR Forms for Annual Income Tax Return?

The applicable BIR Forms for the Annual Income Tax Return can be filed using the following:

a. EFPS – Electronic Filing and Payment System

EFPS is a web-based system of the Bureau of Internal Revenue (BIR) used in filing and payment of BIR Forms including the Annual Income Tax Return.

It is used by taxpayers that are mandated or required to use EFPS. And are already registered in EFPS. Click here for the webpage of EFPS.

b. EBIRForm – Electronic BIR Form System

EBIRForm is a downloadable system of the Bureau of Internal Revenue (BIR). After you download the file, install it in your computer and use it in filing taxes using the applicable BIR Forms including the Annual Income Tax Return.

It is used by taxpayers who are not required to enroll and use EFPS. For the latest eBIRFORM system version as of this article writing date, click here.

c. Authorized Tax Software Provider (ATSP)

ATSP are third party tax software providers, accredited by the BIR. ATSP automates the preparation and filing of the applicable BIR Forms. Such as MPM Accounting Software which is a duly registered ATSP in the BIR. Click here for the list of ATSP.

How to Pay the tax on BIR Forms for the Annual Income Tax Return?

Payment of tax due on annual income tax return can be done in the following method:

a. via Electronic Filing and Payment System (EFPS)

If taxpayer is mandated to use EFPS, the payment of the income tax payable must be paid in EFPS.

b. via Authorized Agent Banks (AABs)

Taxpayer can pay via over the counter thru applicable AABs of the respective BIR Regional District Office (RDO) where the taxpayer is registered.

c. via EPAYMENT Channels

EPayment Channels are online or electronic payment channels that accepts payment of tax payables, such as Maya, Landbank, DBP, and Myeg.ph.

We personally use & recommend MYEG.ph, click here.

d. via Authorized Tax Software Provider (ATSP)

If such ATSP accepts payment of tax due.

Note: MPM Accounting Software does not accept payment of tax payable. Instead, we recommend paying via ePayment Channels, such as Myeg.ph, or via AABs, or over-the-counter thru RDO’s AABs.

What is the Summary Alphalist of Withholding Taxes at Source (SAWT)?

SAWT is a required attachment to the annual income tax return for taxpayer who claims tax credits or tax deductions. It is normally a summary of all the signed BIR Form 2307 – Certificate of Creditable Tax Withheld at Source received from customers.

BIR Form 2307 is a tax certificate from tax withheld by customers on their income payments to your service rendered or product sold.

If you receive a signed BIR Form 2307 from your customers and use it as tax credit in your income tax return, make sure to submit a summary alphalist of withholding taxes at source (SAWT) in data file (DAT file) format to esubmission@bir.gov.ph as a required attachment to your Annual Income Tax Return. This is to ensure you can validly claim it as tax credits.

Deadline of submission of SAWT is the same as the deadline of filing and payment of the AITR which is on or before April 15, 2025.

Note: If you are using MPM Accounting Software, SAWT Dat file is automatically prepared based on encoded sales with creditable withholding tax. It can also automatically submit the Dat file to esubmission@bir.gov.ph after the BIR Form is filed. For more details and free trial, visit www.mpm.ph/tax

What are the required attachments to the Annual Income Tax Return for the Calendar Year 2024?

As of the writing of this article, March 18, 2025, there is no published guidelines in the BIR website on the filing of Annual Income Tax Return for Calendar Year 2024.

As such, I’ll be referring to the previous year BIR Guidelines for Calendar Year 2023, RMC 51-2024 Annex A page 2, on the list of Attachments as follows:

• Proof of filing of applicable BIR Form for Annual Income Tax Return, such as BIR Form 1700, 1701, 1701A, 1702RT, 1702MX or 1702EX as applicable.
  • If EFPS users – Filing Reference Number (FRN)
  • If EBIRFORMs or ATSP users – Tax Return Receipt Confirmation (TRRC)

• Proof of payment/Acknowledgement Receipt of Payment
• System generated Acknowledgement Receipt or Validation Report of electronically submitted Summary Alphalist of Withholding Taxes (SAWT) thru esubmission@bir.gov.ph, if applicable
• Audited Financial Statement & Notes with Certificate of Independent CPA duly accredited by the BIR, and Statement of Management Responsibilities (SMR), if applicable
• Signed copies of BIR Form 2307 – Certificate of Creditable Tax Withheld at Source, if applicable
• Signed copies of BIR Form 2304 – Certificate of Income Payments not subject to Withholding Tax, if applicable
• Signed copies of BIR Form 2316 – Certificate of Tax Withheld on Compensation if mixed income earner.
• Proof of Foreign Tax Credits, if applicable
• Proof of Prior Year’s Excess Credits, if applicable
• Proof of Other Tax Credits/Payments, if applicable
• BIR Form 1709 – Information Return on Transactions with Related Party, if applicable
• Proof of Tax Exemptions or Special Rates, if applicable.

For detailed sample guidelines from BIR for Calendar Year 2023, per RMC 51-2024 Annex A, click here.

When is the submission deadline of required attachments to the Annual Income Tax Return for Calendar Year 2024?

Submission of the required attachments to the Annual Income Tax Return for Calendar Year 2024 is due fifteen (15) days from the deadline filing of the Annual Income Tax Return which is on or before April 30, 2025.

How to submit the required attachments to the Annual Income Tax Return for Calendar Year 2024?

Submission of the required attachments to the Annual Income Tax Return for Calendar Year 2024 is as follows:

a. via Electronic Audited Financial Statement (eAFS)

EAFS is an electronic method of submission of attachment to the annual income tax return. It is a web-based system of the BIR. Click here to visit.

Electronic submission is encouraged in lieu of manual submission in the RDO.

For more information on eAFS, read our article here.

b. via Manual Submission in the RDO

Another way is to submit manually in the applicable RDO in two (2) copies. Received stamping will be done on the attachment on pages such as the Audit Certificate, Balance Sheet, and Income Statement.

I hope this article helped you on basic guidelines in filing Annual Income Tax Return for Calendar Year 2024. If you have any questions, feel free to leave a comment below. If you like this article, please share to anyone you know who may receive help from it.