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BIR RELEASES ADVISORY ON COMPUTATION OF TAX PAYMENTS RELATIVE TO EFPS FACILITY
BIR Releases Advisory on Computation of Tax Payments Relative to EFPS Facility
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By Trisha Alexis Maingat News 04/02/2020
Tax Payments

BIR Releases Advisory on Computation of Tax Payments Relative to EFPS Facility

The Bureau of Internal Revenue (BIR) released a tax advisory, issued on March 30, clarifying the amount of tax payments relative to the eFPS facility — a BIR online system for computation of penalties. 

Taxpayers are advised to dismiss the penalties automatically computed by the eFPS facility and pay only the basic tax dues, provided that all payments be made on or before the extended tax deadlines as indicated under the Revenue Memorandum Circular (RMC) No. 30-2020. All filings and/or payments made beyond the deadline shall be subject to applicable penalties.

Author

  • Trisha Maingat

    Atty. Trisha Alexis R. Maingat is a Philippine lawyer providing strategic legal services in tax and civil litigation, corporate governance, regulatory compliance, contract drafting and review, transaction support, family law, estate settlement, data privacy, intellectual property, and labor and employment disputes. She has worked within highly regulated industries, including energy, utilities, telecommunications, and multinational corporate services. A consistent Dean’s Lister, she earned her Juris Doctor from Arellano University School of Law, graduating with the Order of the Flaming Arrows Award, and served as Chairperson of the Arellano Bar Operations Commission and President of the Arellano Law Academic Society.

    View all posts

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