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Special InTAX: January 2020 lssue 1 | Volume 2
Special InTAX: January 2020 lssue 1 | Volume 2
InTAX is an official publication of Tax Group of R.G. Manabat & Co.
Bureau of Internal Revenue
The Bureau of Internal Revenue (“BIR”) issued the following:
Revenue Memorandum Circular (RMC) No. 6-2020, dated 15 January 2020, notifying all gasoline stations that the submission of the Year-End Sworn Declaration of Inventories of Diesel, Gasoline and Kerosene, as required under RMC No. 2-2020, has been extended until 31 January 2020.
RMC No. 6-2020 also provides an amended template of the sworn declaration integrating a remarks column for partial marking and/or other information.
Revenue Memorandum Circular (RMC) No. 7-2020, dated 14 January 2020, suspending the deadlines for the month of January, on the filing and payment of tax returns under the jurisdiction of Revenue District Offices (RDO) No. 58 (Batangas City, West Batangas) and No. 59 (Lipa City, East Batangas) that are affected by the volcanic eruption. Until another advisory is issued to resume regular operations, no imposition of penalties due to late filing and payments of tax returns will be made.
DISCLAIMER: The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although R.G. Manabat & Co. endeavors to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.
For any queries, you may contact any member of the InTAX Editorial Board or send your questions to ph-inquiry@kpmg.com.
© 2020 R.G. Manabat & Co., a Philippine partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative, a Swiss entity. All rights reserved.
KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.
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