Special InTAX: March 2020 Issue 3 | Volume 5

InTAX is an official publication of R.G. Manabat & Co.'s Tax Group

InTAX is an official publication of R.G. Manabat & Co.'s Tax Group

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Bureau of Internal Revenue

 

The Bureau of Internal Revenue (BIR) released on 19 March 2020, Revenue Memorandum Circular (RMC) No. 29-2020 amending RMC No. 26-2020 and extending the deadline for filing and payment of various returns falling due within the Enhanced Quarantine Period.

BIR Forms/Returns

Return Period

Original Deadlines

(Based on RMC No.

29-2020)

Extended Deadlines

Filing and Payment of Monthly Value-Added Tax (VAT) Declaration (BIR Form No. 2550M) for non-eFPS filers

Month of February 2020

20 March 2020

20 April 2020

Filing and Payment of Monthly Remittance Return of Percentage Tax on Winnings and Prizes Withheld by Race Track Operators (BIR Form No. 1600WP) for eFPS and non-eFPS filers

Month of February 2020

20 March 2020

20 April 2020

Filing of Withholding Tax Returns (BIR Form Nos. 1601-C, 0619-E and 0619-F) for eFPS filers

Month of February 2020

Group E - 21 March 2020
Group D - 22 March 2020
Group C - 23 March 2020
Group B - 24 March 2020
Group A - 25 March 2020

Group E - 21 April 2020
Group D - 22 April 2020
Group C - 23 April 2020
Group B - 24 April 2020
Group A - 27 April 2020

Filing and Payment of Quarterly VAT Return (BIR Form No. 2550Q) for eFPS and non-eFPS filers

Fiscal Quarter (FQ) ended 29 February 2020

25 March 2020

27 April 2020

Payment of Monthly VAT Declaration (BIR Form No. 2550M) for eFPS filers

Month of February 2020

30 March 2020

30 April 2020

Filing and Payment of Quarterly Income Tax Return for Corporation, Partnerships and Other Non-Individual Taxpayers (BIR Form No. 1702Q) for eFPS and non-eFPS filers

FQ ended 31 January 2020

31 March 2020

30 April 2020

Filing/Submission of Annual Information Return of Income Taxes Withheld on Compensation and Final Withholding Taxes (BIR Form No. 1604-CF)

31 December 2019

31 March 2020

30 April 2020

Submission of Certificate of Compensation Payment (BIR Form No. 2316)

31 December 2019

31 March 2020

30 April 2020

Filing/Submission of Annual Information Return of Creditable Income Taxes Withheld (Expanded) (BIR Form No. 1604-E) together with alphalist

31 December 2019

31 March 2020

30 April 2020

Filing and Payment of Documentary Stamp Tax (DST) Returns (BIR Form Nos. 2000 and 2000-OT for One-Time Transaction) for eFPS and non-eFPS filers

Month of March 2020

05 April 2020

05 May 2020

Filing and Payment of Monthly Remittance Return of Value-Added Tax and Other Percentage Taxes Withheld (BIR Form No. 1600) with Monthly Alphalist of Payees for eFPS and non-eFPS filers

Month of March 2020

10 April 2020

11 May 2020

Filing and Payment of Withholding Tax Remittance Return for Onerous Transfer of Real Property Other than Capital Asset (Including Taxable and Exempt) (BIR Form No. 1606)

Month of March 2020

10 April 2020

11 May 2020

Filing and Payment of Withholding Tax Remittance Returns for National Government Agencies (BIR Form Nos. 1600 and 1601-C) for eFPS and non-eFPS filers

Month of March 2020

10 April 2020

11 May 2020

Filing and Payment of Excise Tax Return for Mineral Products (BIR Form No. 2200M)

Month of March 2020

10 April 2020

11 May 2020

Filing and Payment of Monthly Remittance Return of Income Taxes Withheld on Compensation (BIR Form No. 1601-C) for non-eFPS filers

Month of March 2020

10 April 2020

11 May 2020

Filing and Payment of Monthly Remittance Return of Income Taxes Withheld on Compensation (BIR Form No. 1601-C) for eFPS filers

Month of March 2020

Group E - 11 April 2020
Group D - 12 April 2020
Group C - 13 April 2020
Group B - 14 April 2020

Group E - 11 May 2020
Group D - 12 May 2020
Group C - 13 May 2020
Group B - 14 May 2020

Filing and Payment of All One-Time Transaction (ONETT) (BIR Form Nos. 1706, 1707, 1800, 1801 and 1606)

 

If due date falls within Enhanced Quarantine Period

Thirty (30) calendar days from original due date

 

(RGM &Co Note: Certain filing deadlines fall on a holiday or weekend. We suggest filing and payment before the due dates as indicated in the RMC or wait for BIR’s issuance to clarify this matter.)

 

RMC No. 29-2020 (from BIR website)

 

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.

 

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