BIR says no more updating of additional tax exemption
Published Jun 10, 2018 12:53 pm
By Jun Ramirez
The Bureau of Internal Revenue (BIR) said individual taxpayers are no longer required to update their additional exemptions in their annual income tax returns (ITRs).
BIR (Manila Bulletin File Photo)
The additional exemptions refer to minor children and other dependents of single or married taxpayer.
The exemption rate was P50,000 for each dependent but not exceeding four.
But the exemption has been doubly compensated by the upgrade of personal exemption to P250,000 for each individual regardless if he or she is single or married under the Tax Reform for Acceleration and Inclusion (TRAIN) Law.
The TRAIN repealed Section 35 of the Tax Code which granted the additional exemption.
BIR Commissioner Caesar R. Dulay has issued Revenue Memorandum Circular 40-2018 to announce the suspension of the Update of Exemption of Employees (UEE) Batch File Validation.
The directive also stated that change of civil status shall be done manually using BIR Form 1905 (Application for Registration Information Update).
BIR (Manila Bulletin File Photo)
The additional exemptions refer to minor children and other dependents of single or married taxpayer.
The exemption rate was P50,000 for each dependent but not exceeding four.
But the exemption has been doubly compensated by the upgrade of personal exemption to P250,000 for each individual regardless if he or she is single or married under the Tax Reform for Acceleration and Inclusion (TRAIN) Law.
The TRAIN repealed Section 35 of the Tax Code which granted the additional exemption.
BIR Commissioner Caesar R. Dulay has issued Revenue Memorandum Circular 40-2018 to announce the suspension of the Update of Exemption of Employees (UEE) Batch File Validation.
The directive also stated that change of civil status shall be done manually using BIR Form 1905 (Application for Registration Information Update).