Special InTAX: March 2020 Issue 3 | Volume 2

Bureau of Internal Revenue

 

The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular No. 25-2020, 16 March 2020, informing all taxpayers that the filing of the Annual Income Tax Return (AITR) for calendar year 2019 shall not be extended despite of the one-month lockdown of the National Capital Region to prevent the further spread of COVID-19. Hence, the filing of AITR shall be done on or before 15 April 2020.

However, to limit taxpayers’ exposure to the virus, taxpayers who are not mandated to use the electronic filing facilities of the BIR [e.g. Electronic Filing and Payment System (eFPS), eBIRForm Facility] are encouraged to use these facilities.

Taxpayers who are enrolled in eFPS shall continue to settle the tax liabilities with Authorized Agent Bank (AAB) where the taxpayer is enrolled, while for those who shall file their AITR through eBIR Form Facility have the following options:

1. Over-the-Counter payment through AABs;
2. Revenue Collection Officers in areas where there is no AABs; and
3. Electronic/Online Payment.

The filing of tax returns manually can still be done by those who are not mandated to file and pay electronically, if the AITR to be filed has tax due and payable. If there is no tax to be paid, the same is required to be filed through eBIRForm facility.

Further, taxpayers at any time, can amend their AITR filed, provided the concerned taxable period has not been the subject yet of an audit. An amendment that will result to additional income tax to be paid, can still be paid without the imposition of penalties if the same shall be done not later than 15 June 2020.

Lastly, required attachments to the electronically filed AITR can be submitted to the Revenue District Office where the taxpayer is registered until 15 June 2020.

 

Attached is the full texts of the issuance.

RMC_2020-25_2019ITRs with Annexes

 

_{The materials contained in InTAX were compiled by R.G. Manabat & Co. from various sources. The subjects are discussed in brief/general terms and are intended to provide an overview of the recent and relevant developments relating to Philippine tax laws and various government regulations. This information is for guidance only and should not be regarded as a substitute for appropriate professional advice.}

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