Special InTAX: April 2021 Issue 1 | Volume 8

Bureau of Internal Revenue

The Bureau of Internal Revenue (BIR) issued an Advisory, 14 April 2021, to reiterate that the deadline for filing the Annual Income Tax Return (AITR) for calendar year 2020 is still 15 April 2021.

The following pertinent provisions are as follows:

• AITR filed on or before 15 April 2021 may be amended not later than 15 May 2021.
• If the amended return will result to additional payment, no penalties shall be imposed.
• If there is overpayment of taxes from the amended return, the taxpayer may opt to carry over such overpayment as credit against the tax due for the same tax type in the succeeding period or it may be refunded.
• Submission of the required attachments to the electronically filed AITR must be within 15 days from the deadline of filing or date of electronic filing, whichever comes later.
• Attachments to the electronically filed amended returns made on or before 15 May 2021 shall likewise be submitted within 15 days from the date of filing of amended returns or not later than 15 days from 15 May 2021.
• Attachments to the manually filed AITR shall be submitted together with said AITR. This shall apply also for the submission of attachments to manually filed amended AITR.

Attached is the full text of the issuance.

Advisory Re Filing of ITR