Special InTAX: March 2020 Issue 3 | Volume 3

Bureau of Internal Revenue

 

The Bureau of Internal Revenue (BIR) issued the following:

Revenue Memorandum Circular (RMC) No. 27-2020, 17 March 2020, to extend the deadline for the filing of (Value Added Tax) VAT Refund applications covering the quarter ending 31 March 2018 to 30 April 2020.

The RMC likewise suspends the 90-day period of processing VAT refund claims for those currently being evaluated and for those that may be received from 16 March 2020 to 14 April 2020. The counting of the number of processing days shall resume after the lifting of the “community quarantine” issued by the President.

RMC No. 26-2020, 17 March 2020, to reiterate the deadline and due date of the following taxes:

 

BIR Form/Return	Due Date
Filing & payment of Monthly Value-Added Tax Declaration (BIR Form No. 2550M) for non-Electronic Filing and Payment System (eFPS) filers	20 March 2020
eFiling/Filing & ePayment/Remittance of Monthly Remittance of Percentage Tax on Winnings and Prizes Withheld by Race Track Operators (BIR Form No. 1600-WP)	20 March 2020
eFiling/Filing & ePayment/Payment of Quarterly Value-Added Tax Declaration (BIR Form No. 2550Q) (cumulative for three months), eFPS and Non-eFPS filers	25 March 2020
*eFiling/Filing & ePayment/Payment of Quarterly Income Tax Return for Corporation, Partnerships and Other Non-Individual Taxpayers (BIR Form No. 1702Q)	31 March 2020
eFiling/Filing & ePayment/Payment of Documentary Stamp Tax Declaration/Return (BIR Form No.2000) & Documentary Stamp Tax Declaration/Return (One-Time Transactions) (BIR Form No.2000-OT)	5 April 2020
eFiling/Filing & ePayment/Payment of Monthly Remittance Return of Value-Added Tax and Other Percentage Tax Withheld (BIR Form No. 1600) and Withholding Tax Remittance Return For Onerous Transfer of Real Property Other Than Capital Asset (Including Taxable and Exempt) (BIR Form No. 1606)	10 April 2020
Filing and Payment/Remittance of Monthly Remittance Return of Income Taxes Withheld on Compensation (BIR Form No. 1601-C) for non-eFPS filers	10 April 2020
eFiling/Filing & ePayment/Payment of BIR Form Nos. 1600 and 1601-C for National Government Agencies	10 April 2020
Filing and Payment/Remittance of Excise Tax Return for Mineral Products (BIR Form No. 2200-M)	10 April 2020

 

*(RGM &Co. Note: This deadline pertains to BIR Form No. 1702Q covering the fiscal quarter ended 31 January 2020 of taxpayers with fiscal year accounting period)

However, tentative returns can be filed on the above-stated due dates and taxpayers are given thirty (30) days from the aforesaid due dates within which to file the final tax returns and pay the taxes due thereon.

Taxpayers who are enrolled in the eFPS shall continue to settle the tax liabilities with Authorized Agent Bank (AAB) where the taxpayer is enrolled, while those who shall file through the eBIRForms Facility may use 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 [e.g. Landbank of the Philippines, Development Bank of the Philippines, Union Bank Online Web and Mobile Payment Facility, mobile payment (GCash/PayMaya)]

Taxpayers who are not mandated to file and pay electronically have the option to use the eBIRForms facility or to file their tax returns manually. However, filing of no payment returns shall be made through the eBIRForms facility.

Lastly, the filing/submission deadline of the Annual Information Return of Income Taxes Withheld on Compensation and Final Withholding Taxes (BIR Form No. 1604-CF), Certificate of Compensation Payment (BIR Form No. 2316) and Annual Information Return of Creditable Withholding Taxes Withheld (Expanded) (BIR Form No. 1604-E) are extended from 31 March 2020 to 30 April 2020.

An Advisory which assures the public that it remains focused on raising, through tax collections, the much-needed revenues that the government needs to fulfill its obligations to the people. In this regard, all revenue offices except those that might be ordered to close by Local Government Units (LGUs) due to localized lockdown, will continuously be open during the 30-day period community quarantine in the National Capital Region from 16 March 2020 to 14 April 2020.

The BIR is now temporarily operated by skeletal workforce and implementing proper precautions to implement “social distancing” and lessen the chance of revenue personnel and transacting taxpayers of getting exposed to the corona virus.

The BIR is also urging all taxpayers to comply with tax obligations using the internet by filing income tax returns online through eBIForms / eFPS and paying the corresponding taxes online using the payment channels, such as GCash, PayMaya, Landbank, Development Bank of the Philippines, Visa and Mastercard Credit Card.

Moreover, the BIR will establish eFiling Centers in selected regional and district offices, and at the Covered Court of the BIR’s National Office Compound from 28 March 2020 to 15 April 2020, including two (2) Saturdays (28 March 2020 and 04 April 2020) to serve taxpayers during the income tax filing season.

 

Attached are the full texts of the issuances

RMC No. 26-2020

BIR_2020_ECQAdvisory

RMC_2020-27_ExtensionofVATRefundDeadline

 

_{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.}

_{R.G. Manabat & Co. accepts no liability with regard to the information the firm has provided or any action that may be taken by readers of InTAX. The information contained herein is updated until the date of publication.}

_{For any queries, you may contact any member of the InTAX Editorial Board or send your questions to ph-inquiry@kpmg.com.}