Clarifies substituted filing for compensation income

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BIR MEMORANDUM CIRCULAR NO. 01-2003: Clarifies substituted filing for compensation income

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Title Source: Supreme Court: Clarifies substituted filing for compensation income

Law: Bir Memorandum Circular No. 01-2003

Decision Date: Dec 27, 2003

The Bureau of Internal Revenue introduces a "hassle-free" substituted filing system allowing qualified employees to use their employer's Annual Information Return (BIR Form 1604-CF) as their income tax return, streamlining the tax filing process for those with purely compensation income from a single employer.

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