BIR Issues Amendment to Extend Deadlines for Filing and Submission of Documents and Tax Payments in the Philippines
The Bureau of Internal Revenue (BIR) releases Revenue Regulations (RR) No. 11-2020, pursuant to section 4(z) of the Republic Act No. 11469, otherwise known as “Bayanihan to Heal as One Act”, amending Section 2 of the RR No. 7-2020 further extending the deadlines for submission, filing, and payment of significant documents and/or taxes due to the prolonged implementation of the Enhanced Community Quarantine (ECQ) until May 15, 2020.
If the quarantine period will further extend, the defined due dates for filing of returns, tax payments, and submission of reports and attachments shall be allowed for another extension of fifteen (15) calendar days from the lifting of ECQ.
FILING OF TAX RETURNS AND PAYMENTS BEFORE THE EXTENDED DEADLINE
Taxpayers who will file tax returns prior to the extended due date can amend their returns on or before the extended deadline.
Amendment results are as follows:
- As Additional Tax – can be paid without penalties such as surcharge, interest, and compromise penalties given that it is settled not later than the provided extended deadline
- As Overpaid Tax – can be carried over as credit against the tax due for the same tax type, aside from filing for claim for refund
RR No. 11-2020 extends the statutory deadlines for filing and/or submission of documents, returns, and tax payments. The extended due dates shall apply throughout the Philippines. Deadlines that will fall on a holiday or non-working day shall allow filing/submission of documents on the next working day.*
*Click the button below to see the full list of extended due dates for specified transactions.