The Bureau of Internal Revenue (BIR) released Revenue Memorandum Circular (RMC) No. 61-2020 to further amend the provisions of Revenue Regulations (RR) No. 4-2019, as previously amended by RR NO. 5-2020 and RR No. 11-2020. The circular declares the supplemental extension on the availment duration of tax amnesty on delinquencies.
Tax Philippines
The Bureau of Internal Revenue (BIR) releases Revenue Memorandum Circular (RMC) No. 42-2020 declaring guidelines on the filing and payment of Income Tax Returns (ITRs) for the taxable year 2019.
The Bureau of Internal Revenue (BIR) releases Revenue Memorandum Circular (RMC) No. 37-2020, relative to Revenue Regulations (RR) No. 7-2020 and pursuant to Republic Act (RA) No. 11469, otherwise known as the “Bayanihan to Heal as One Act”, addressing the concerns of taxpayers on possible imposition of additional penalties or non-recoveries of taxes paid if they file and pay taxes prior to the implemented extension of tax deadlines
The Bureau of Internal Revenue (BIR) releases Revenue Memorandum Circular (RMC) No. 36-2020, pursuant to Revenue Regulations (RR) No. 8-2020 and RMC No. 35-2020, clarifying the exemption from Documentary Stamp Tax (DST) as a relief for payers of qualified loans.
The Bureau of Internal Revenue (BIR) issued RMC No. 32-2020 declaring an extension to the deadline for filing of Certificate of Residence for Tax Treaty Relief (CORTT) Forms from April 13 to April 30, 2020 without penalties.