Mandatory eFPS enrollment of certain taxpayers

Mandatory eFPS enrollment of certain taxpayers

The following taxpayers are reminded by the BIR to strictly comply with the requirement to enroll and file their tax returns and pay the tax due thereon through the electronic filing and payment system (eFPS) as earlier mandated under Revenue Regulations (RR) 10-07: 

        1. Large taxpayers pursuant to Revenue Regulations
        2. All government bidders
        3. Corporations with paid up capital stock of P10 M
        4. Top 20,000 corporations
        5. Top 5,000 individual taxpayers

The mandatory eFPS enrollment for corporations with capital stock of P10M was issued only on July 18, 2007 (RR 10-2007).  A company would not need BIR's notification to determine if its paid up capital stock has reached the P10M eFPS benchmark.  Hence, companies that meet this criteria may already enroll even without being notified by the BIR.  This also applies to government bidders for whom the eFPS requirement was effected as early as in 2005 (RR 3-05).

For other companies, they may have to wait for BIR notification of their qualification as large taxpayers, top 20,000 corporations or top 5,000 individuals. 

The requirement to enroll for these taxpayers is mandatory. In case of failure to file and pay their taxes through eFPS, the BIR may collect 25% surcharge for wrong venue as provided under Sec. 248 (a) (2) of the 1997 Tax Code, as amended. 

Please see attached copy of RMC 69-09 for your information and guidance.