New Regulation Requiring the Filing of Private SALN

Revenue Regulation No. 2-2011 was signed by Finance Secretary, Cesar V. Purisima on March 1, 2011, requiring the filing of BIR Form 1705 or the Annual Information Return. The new return is required of individuals earning an annual taxable income of PHP 500,000.00 for income earned in starting year 2010.

You may read the full text of RR 2-2011 here.