BIR Issues Amendment to Extend Deadlines for Filing and Submission of Documents and Tax Payments
The Bureau of Internal Revenue (BIR) releases Revenue Regulations (RR) No. 10-2020, 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 prolonged implementation of the Enhanced Community Quarantine (ECQ) until April 30, 2020.
If the ECQ period will further extend, the filing of returns, tax payments, and submission of reports and attachments that fall due within such period shall be extended for thirty (30) 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 given that it is settled not later than the extended deadline
- As Overpaid Tax – can be carried over as credit against the tax due for the same tax type
RR No. 10-2020 extends the statutory deadlines for filing and/or submission of documents, returns, and tax payments.*
*Click the button below to see the full list of extended due dates for specified transactions.