11-2020 dated April 29, 2020 to further extend the deadline of filing/submission of returns/reports and payment of taxes due to the extended Enhanced Community Quarantine (ECQ). Tax Filing and/or Payment Guide during the Quarantine June 2020 11 BIR Form No. May 14, 2020 For all ONETT transactions (BIR Forms 1706, 1707, 1800, and 1606), if the tax … Get the latest news from your inbox for free. 12-2020. RR 31-2020 Notice of Sale of Acquired/Forfeited … 7-2020 also suspended the running of the statute of limitations on assessment notices, warrants of distraint and/or levy, and warrants of garnishment, by 60 days from the lifting of the state of national emergency. In January, the BIR collected P194.9 billion in taxes, up 5.3 percent year-on-year but below the P229.4-billion goal. The Bureau of Internal Revenue (BIR) has further extended the deadline for the filing of various taxes because of the prolonged enhanced community quarantine (ECQ). 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Taxpayers who will file their tax returns within the original deadline or prior to the extended deadline can amend their tax returns at any time before the extended due date. 83-2020: Tax Implications of Measures Implemented Due to COVID-19 on Cross-Border Matters, Revenue Regulations No. “If the new extended due dates fall on a holiday or non-working day, then the submission and/or filing contemplated herein shall be made on the next working day,” the BIR said. 31-2020 further amends the pertinent provisions of Revenue Regulations (RR) No. Philippine Tax Calendar 2020. 11469, otherwise known as “Bayanihan to Heal as One Act.” According to Revenue Regulations (RR) No. Based on the regulation, the original April 15 due date for the filing of annual income tax returns of individuals was moved from May 15 to May 30, 2020. 19-2020: Use of BIR Form 1709 or Information Return on Related Party Transactions, RMC 30-2020, RR 7-2020, RMC 39-2020, RR 10-2020, and, RMC 30-2020, RR 7-2020, RMC 39-2020, RR 10-2020 and RR 11-2020, March 31, 2020 (Orig. 11-2018, as previously amended by RR No. Aside from moving the deadlines for tax compliance, RR No. The May 15 deadline was decided during a meeting between President Rodrigo Duterte and Finance Sec. The BIR has also extended the deadline to avail of the tax amnesty on delinquencies from May 23 to June 8, 2020, according to Revenue Memorandum Circular 38-2020. The BIR’s Revenue Regulation (RR) 12-2020, which was released on Friday, repealed the section of a previous regulation that allowed “a 15-day re-stretching of tax filing and payment deadlines in case of another quarantine extension”. File Photo. The compliance is hereby extended as follows: Fiscal Year End. BIR Commissioner Caesar R. Dulay issued Revenue Memorandum Circular (RMC) No. Due to the lockdown, the BIR issued RR 11-2020 that outlines the extension of tax returns. THE Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) 98-2020 to inform all concerned on the extended deadline of submission of Information Return on Related Party Transactions (BIR Form 1709) and its supporting documents for taxpayers with fiscal years ending March 31, 2020 to Nov. 30, 2020. The Bureau of Internal Revenue (BIR) has further extended the deadline for the filing of various taxes in consideration of the prolonged enhanced community quarantine (ECQ). V A Rufino Cor Valero St Salcedo Vill In view of the quarantine extension, the BIR issued Revenue Regulations (RR) No. The deadline for donor’s and estate tax returns filing was also moved 30 days from the date of the lifting of the ECQ. In its Revenue Regulations No. Business Location In view of the recent extension by the Philippine government of the ECQ until 15 May 2020, the BIR issued RR No. So, what happens now with all the BIR deadlines? It added that if the ECQ period would again be extended, the filing of the returns and payment of the corresponding taxes due thereon, and submission of reports and attachments falling within the enhanced extended period shall be extended for 30 calendar days from the lifting of the ECQ. It enumerates, in calendar form, BIR’s tax deadlines, together with the following: Tax Returns and Remittance Forms Copyright © The Manila Times – All Rights Reserved. THE BUREAU of Internal Revenue (BIR) has also extended deadlines of other tax returns for 30 days due to the Luzon-wide lockdown. Dulay said the extension of the two deadlines was necessary to ease filing and protect taxpayers from catching Covid-19. However, some extended deadlines in RR 7 2020 fall on or before April 30 or within May, which gives taxpayers not … In case the new deadline falls on a weekend, the BIR said the deadline will automatically be the next business day. The Bureau of Internal Revenue (BIR) has issued last April 30, 2020 Revenue Regulations (RR) No. Submission to PEZA of AFS and ITR filed with the BIR on 15 December 2020 by PEZA-registered enterprises whose YE 31 August 2020. Submission to PEZA of TIMTA Annex A.1 by PEZA-registered enterprises for YE 31 August 2020. Finance Secretary Carlos Dominguez III has issued the revenue regulations extending the deadlines for filing of tax returns, submission of documents, and the payment of taxes, pursuant to Republic Act (RA) No. 7-2019, specifically on the criteria for identifying the Top Withholding Agents. Brgy Bel-air, Makati City 1227 Metro Manila, Summary Alphalist of Withholding Taxes (SAWT), Quarterly Summary Lists of Sales, Purchases, and Importations (SLSPI), Sworn Statement of Manufacturer’s or Importer’s Volume of Sales of each particular brand of alcohol, tobacco products, & sweetened beverage products, Registration of Computerized Accouting Books of Accounts and Other Accounting Records in Electronic Format, Submission of required hardcopies of FS and scanned copies of 2307 to e-filed 1702RT, MX, EX, RMC 30-2020, RR 7-2020, RMC 39-2020, RR 10-2020 and, BIR Form 2000 and 2000-OT – for One-Time Transactions, Monthly eSales Report of Taxpayers using CRM/POS, Quarterly Summary List of Machines (CRM-POS) sold by all Machine Distributors/ Dealers/ Vendors/ Suppliers, Registration of Bound Loose Leaf Books of Accounts and Other Accounting Records, BIR Form 1914 – Application for VAT Refund, Documentary Requirements based to RMC 47-2019, BIR Form 1914 – Application for Credit or Refund of Taxes Erroneously/Illegally received or penalties imposed without Authority, 2 years after the payment of tax or penalty, BIR Form 1707-A – Annual Capital Gains Tax Return (Transfer of Shares of Stock not Traded thrugh Stock Exchange), BIR Form 1704 – Improperly Accumulated Earnings Tax, BIR Form 2551Q – Quarterly Percentage Tax Return (in General), BIR Form 2551Q – Quarterly Percentage Tax Return (for Overseas Communication Tax), BIR Form 2551Q – Quarterly Percentage Tax Return (for Amusement Taxes), filing date falls during the period starting March 16, 2020 and those where due dates fall within the period of 30 days from date of lifting of ECQ, Extension of 30 days from the date of lifting of quarantine, Filing of Certificate of Residence for Tax Treaty Relief (CORTT) Forms (for final withholding taxes paid on dividend, interest and royalty income of nonresident), within 30 days after the payment of withholding tax, 30 days from the date of lifting of quarantine, Submission of Softcopies of BIR Form 2307 contained in DVD-R and Sworn Declaration, Further BIR Deadline Extensions Related to Covid-19, The Bureau of Internal Revenue (BIR) has issued last April 30, 2020, RR No. The latest Revenue Revenue Regulations No.10-2020 resets the deadline for the filing and payment of 2019 income tax return (ITR) to May 30. 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