Special InTAX: March 2020 Issue 3 | Volume 6

Department of Finance (DOF)

 

The Department of Finance (DOF) issued Revenue Regulation (RR) No. 5-2020, 16 March 2020, amending Section 3 of RR No. 4-2019 on the Tax Amnesty on Delinquencies. All persons, whether natural or juridical, with internal revenue tax liabilities covering taxable year 2017 and prior years, may avail of the Tax Amnesty on Delinquencies within 1 year from the effectivity of the regulations, or until 23 April 2020, under any of the qualified instances previously listed. However, the said date may be extended if the circumstances warrant an extension, such as in the case of a country-wide economic or health problem.

(RGM&Co. Note:  The RR was published in Manila Bulletin on 24 March 2020)

 

Bureau of Internal Revenue (BIR)

 

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

¤  Revenue Memorandum Circular (RMC) No. 30-2020, 23 March 2020, amends RMC No. 29-2020 and clarifies RMC No. 28-2020 relative to the extension of deadlines for the filing of CY 2019 Income Tax Returns and other various returns and payment of taxes due thereon, as follows: 

BIR Forms/Returns	Return Period	Original Deadlines	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
eFiling of BIR Form No. 2550M for eFPS Filers under Groups B,C,D and E	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 E - 21 April 2020 Group D - 22 April 2020 Group C - 23 April 2020 Group B - 24 April 2020
ePayment of 2550M for Groups B, C, D, and E	Month of February 2020	25 March 2020	27 April 2020
eFiling and ePayment of BIR Form No. 2550M for eFPS Filers under Group A	Month of February 2020	25 March 2020	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
Submission of Quarterly Summary Lists of Sales/Purchases (SLSP) by VAT taxpayers who are non-eFPS filers	FQ ended 29 February 2020	25 March 2020	27 April 2020
Submission of Sworn Statement of Manufacturer's or Importer's Volume of Sales of each Particular Brand of Alcohol, Tobacco Products and Sweetened Beverage Products	FQ ended 29 February 2020	25 March 2020	27 April 2020
Registration of Computerized Books of Accounts and Other Accounting records in electronic format	FY ended 29 February 2020	30 March 2020	30 April 2020
Submission of required hard copies of Financial Statement and Scanned copies of BIR Form No. 2307 to e-Filed BIR Form Nos. 1702RT, MX and EX	FY ended 30 November 2019	30 March 2020	30 April 2020
Submission of 2019 Inventory List	FY ended 29 February 2020	30 March 2020	30 April 2020
eSubmission of Quarterly SLSP by VAT Taxpayers who are eFPS Filers	FQ ended 29 February 2020	30 March 2020	30 April 2020
Filing and Payment of Quarterly Income Tax Returns for Corporations, 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 lncome Taxes Withheld on Compensation and Final Withholding Taxes (BIR Form No. 1604-CF)	31 December 2019	31 March 2020	30 April 2020
Submission of the 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
eSubmission of Monthly eSales Report of all Taxpayers using CRM/POS with TIN ending in even number	Month of March 2020	08 April 2020	08 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 the amount of excise taxes collected from payments made to sellers of Metallic 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
eSubmission of eSales Reports of all taxpayers using CRM/POS with TIN ending in odd number	Month of March 2020	10 April 2020	11 May 2020
eFiling of 1601C for eFPS Filers under Groups B, C, D, and E	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
ePayment of 1601C for eFPS filers under Groups B, C, D, and E	Month of March 2020	15 April 2020	15 May 2020
eFiling and ePayment of 1601C for eFPS Filers under Group A	Month of March 2020	15 April 2020	15 May 2020
Filing and Payment of BIR Form Nos. 1700, 1701 and 1701A with required attachments	CY ended 31 December 2019	15 April 2020	15 May 2020* (refer to RMC No. 28- 2020)
Filing and Payment of BIR For Nos. 1702 RT, MX and EX with required attachments	CY ended 31 December 2019	15 April 2020	15 May 2020* (refer to RMC No. 28- 2020)
eSubmission of Quarterly Summary List of Machines (CRM-POS) sold by all Machine Distributors/ Dealers/Vendors/Suppliers	TQ ended 31 March 2020	15 April 2020	15 May 2020
Registration of Bound Loose Leaf Books of Accounts/Invoices/Receipts and Other Accounting Records	FY ended 31 March 2020	15 April 2020	15 May 2020
Submission of List of Medical Practitioners	CQ ended 31 March 2020	15 April 2020	15 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 ECQ Period	30 calendar days from original due date

 

*Required attachments for the filing of Annual Income Tax Returns (AITRs) shall likewise be submitted on or before 15 May 2020.

Filing/Submission of other reportorial requirements which were omitted herein and whose deadlines fall within the ECQ Period shall be extended for 30 calendar days from the original deadline.

If the ECQ period will be extended further, the filing of returns and payment of the corresponding taxes due thereon, and submission of reports and attachments falling within the ECQ period shall also be extended by 30 calendar days.

The RMC applies to the entire Luzon under the ECQ and/or similar measures, and shall also be deemed applicable to other jurisdictions where the concerned Local Government Unit (LGUs) have also adopted and implemented ECQ and/or other similar measures in their respective territorial jurisdictions.

¤  RMC No. 31-2020, 23 March 2020, provides an extension of 30 days from the date of the lifting of the ECQ to submit and/or file the following documents and correspondences required under the Tax Code, as amended, and existing revenue regulations:

 1. Letter Answers to the Notice of Informal Conference (NIC);
2. Response to the Preliminary Assessment Notice (PAN);
3. Protest Letter to the Final Assessment Notice (FAN)/Formal Letter of Demand (FLD);
4. Submission of relevant supporting documents to support the request for reinvestigation of audit cases with FAN/FLD;
5. Appeal/Request for Reconsideration to the Commissioner on the Final Decision on Disputed Assessment (FDDA); and
6. Other similar letters and correspondences with due dates.

The extension shall apply to taxpayers whose response(s) to the received NIC, PAN, FAN, FLD, FDDA and other similar notices fall due on the dates covered within the period of the ECQ.

The extension applies to Luzon and other jurisdictions where the concerned LGUs have adopted and implemented the ECQ and other similar measures. 

¤  RMC No. 32-2020, 20 March 2020, extends the deadline for the filing of the Certificate of Residence for Tax Treaty Relief (CORTT) Forms for final withholding taxes (FWT) on dividends, interests, and royalties paid on or before 10 March 2020. The deadline is extended from 13 April 2020 to 30 April 2020, without the imposition of penalties.

¤ Bank Bulletin No. 03-2020, 23 March 2020, reiterates the relevant responsibilities of the Authorized Agent Banks (AABs) on the acceptance of AITRs for Calendar Year 2019 and other tax returns whose due dates fall within the ECQ period and the corresponding payments of the taxes due thereon, pursuant to RMC Nos. 28-2020 and 30-2020.

º    Accept all tax payments, even for out-of-district returns.

º    Accept all tax payments being made by the taxpayers using any of the following:

a.) BIR official printed forms and copies of system-generated Filing Reference Numbers (FRNs);
b.) Photocopies of returns/computer-generated or electronically-filed tax returns; and
c.) Downloaded BIR Forms/tax returns originally filled out and signed by the taxpayers or his duly authorized representative.
 

º    Receive the income tax returns and other returns by stamping the official receiving seal on the space provided. 

However, only 3 copies of the return shall be stamped “Received”, except for taxpayers covered by BIR Form No. 1702, where at least 2 additional copies of the audited financial statements, shall be stamped “Received” to satisfy Securities and Exchange Commission (SEC) requirements.

º    Stamp “Received” the attached financial statements only on the pages of the Audit Certificate, Balance Sheet, and Income Statement. 

º    Ensure that the pertinent portion of the income tax returns and other tax returns and/or deposit slips are machine-validated, and the details of tax payments are clearly imprinted in all copies thereof.

º    Accept payments made through checks and/or combination of cash and check/s in the payment for single tax liabilities, provided that the said checks are prepared in accordance with the provisions of RR No.16-2002. 

º    Accept tax payments from taxpayers who are already within the bank’s premises by the close of the AAB’s banking hours. 

º    Accept the payment of manually filed and out-of-district returns from taxpayers enrolled in the Electronic Filing and Payment System (eFPS) in cases of unavailability of the eFPS facility, as announced by the BIR through an advisory posted in its website.

º    Do not impose penalties for any violations committed by the taxpayers in the filing of their tax returns and payments of internal revenue taxes, since the BIR will be the one to impose whatever appropriate penalties incident to the said violation, in accordance with existing policy.

 

Attached are the full texts of the issuances.

RR 5-2020_copy

RMC No. 32-2020

RMC No. 31-2020

RMC No. 30-2020_copy

RMC No. 30-2020 Annex A

BankBulletin_2020-03_ExtensionsforFilingofReturns

 

_{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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