Am I Done Filing my ITR? Nag-BIR eAFS ka na ba?

Zeeka and I were playing a game last night where she was teaching me the meaning of acronyms that they often use in Roblox like NGL, DP (I thought it meant Down Payment), GN, etc. She was laughing so hard because I couldn’t figure out some acronyms. If I were to teach her all the BIR acronyms I know, she might lose her mind. Haha! My husband said that my acronyms are for old people.

Well, for old people or not, one acronym that I want to share is eAFS or the electronic Audit Financial Statement.

I see a lot of people asking if they should still have their forms stamped if they paid online or if they have their Audited Financial Statement, how do they submit it. Well, last year, via a BIR Memo (I feel calling it a memo versus Revenue Memorandum Circular makes me cooler! haha) or Revenue Memorandum Circular (RMC) 49-2020 was released saying that after filing your ITR, you have to submit attachments via eAFS.

UPDATED as of April 29, 2021: Basically, for your Annual Income Tax, you will have to prepare 4 or more files for 4 categories and this is how you name the files. Why do I say 4 or more? Because each file can only be up to 4.8 GB.

a. File 1 – Income Tax Return (ITR) – EAFSXXXXXXXXXITRTYMMYYYY

b. File 2 – Audited Financial Statements (AFS) – EAFSXXXXXXXXXAFSTYMMYYY

c. File 3 – Form 1709 (RPT) – EAFSXXXXXXXXXRPTTYMMYYY

d. File 4 – Other Attachments (OTH) – EAFSXXXXXXXXXOTHTYMMYYYY

e. File 5 – Tax Credits (TCR): EAFSXXXXXXXXXTCRTYMMYYYY-XX.pdf

Where : XXXXXXXXX is the nine-digit TIN
: TY is Taxable Year
: MM is the Month end of the taxable year (if you got this wrong for previous submissions, don’t worry)
: YYYY is the Year Ended (if you got this wrong for previous submissions, don’t worry)
: 01 is the first file of other attachments, up to 99 (applicable for TCR File.

Here is a sample

With Taxumo, they really helped me as a tax filer because if you have a subscription, they have a tab in Taxumo that fixes all the files that you need to collate and save as PDF.

Step 1: Check and see if your Annual ITR filing and payment is completed. Please allot 2 days because your payments will have to go through Taxumo’s partner Authorized Agent Banks (AABs). So after seeing if your Annual ITR is completed in your PAST FILINGS tab, you can go ahead and click on Attachments – EAFS on the left side of your screen.

Step 2: Watch the three videos that Taxumo has prepared for you. Learn how to download attachments and all the files that you need, combine your attachments into a single PDF and how to upload the files into BIR eAFS.

Files that Taxumo collated for you. Note that only those filed via Taxumo are in the collated files.

Step 3: Download your files via Taxumo. Taxumo will update this also in the next coming days, but what’s good is that you can get your files from here. Note that Taxumo will only have the files that you encoded or filed/paid for via Taxumo.

Once you have merged your files into consolidated PDFs, please save a copy if it in your computer.

To look for BIR eAFS and upload your files, go to the BIR website.

So after submitting your attachments via BIR eAFS, you are done! Yes, you are truly done doing filing your Annual Income Tax.

For those who missed the BIR x Taxumo webinar in Facebook, you can still watch it here:

By the way, the deadline for BIR eAFS submission is on April 30, 2021. This is prolly to give some people have their Audited Financial statements prepared. For those who need an Audited Financial Statement, Taxumo also has CPA partners that you can commission.

If you have any other questions, looking for CPAs for AFS preparation, etc., just email customercare@taxumo.com or chat with Taxumo’s customer advocate via the chat button in their site: https://www.taxumo.com.

Good luck! Hope you learned a new acronym today. 😉

BTW, for those who don’t know, you will also need to submit your SAWT attachments for your Quarterly Income Tax Return forms. If you use Taxumo and have 2307 forms, get your SAWT BIR confirmation from the past filings tab, too. This is how your first quarter EAFS submission screen will look like.

This is where you can get your SAWT confirmation in your Taxumo account:

PAST FILING TAB

If you have questions, feel free to contact customercare@taxumo.com.

To learn more about Taxumo, hope you can read this: A FREELANCER’S AND CONSULTANT’S GUIDE TO USING TAXUMO

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