The Tax Calendar 2020 is a comprehensive list of the tax deadlines of the Bureau of Internal Revenue (BIR) for individual and corporate taxpayers in the Philippines for the Fiscal Year of 2020. 11-2020 dated April 29, 2020 to further extend the deadline of filing/submission of returns/reports and payment of taxes due to the extended Enhanced Community Quarantine (ECQ). The latest Revenue Revenue Regulations No.10-2020 resets the deadline for the filing and payment of 2019 income tax return (ITR) to May 30. The Bureau of Internal Revenue (BIR) has issued last April 30, 2020 Revenue Regulations (RR) No. The April 15 deadline for the filing of annual income tax returns of corporations for the calendar year ending Dec. 31, 2019 was stretched to May 30 this year. 83-2020: Tax Implications of Measures Implemented Due to COVID-19 on Cross-Border Matters, Revenue Regulations No. In view of the quarantine extension, the BIR issued Revenue Regulations (RR) No. 11469, otherwise known as “Bayanihan to Heal as One Act.” According to Revenue Regulations (RR) No. 10-2020 4 to further extend the filing and payment deadline for 2019 annual income tax returns to 14 June 2020, without imposition of penalties to taxpayers. The BIR also notes that the June 14 deadline may once again be moved if the enhanced community quarantine is extended past May 15, according to a CNN Philippines report. BIR Commissioner Caesar Dulay issued Revenue Regulations No. Remittance of HDMF contributions for December 2020 by employers whose names begin with letters A to D. 15, Friday 5-2020 and circularized by RMC No. Publishes the Daily Minimum Wage Rates in Cordillera … 31-2020: Further amends the pertinent provisions of Revenue Regulations (RR) No. It added that if the ECQ period would again be extended, the filing of the returns and payment of the corresponding taxes due thereon, and submission of reports and attachments falling within the enhanced extended period shall be extended for 30 calendar days from the lifting of the ECQ. January 10, 2020. “If the new extended due dates fall on a holiday or non-working day, then the submission and/or filing contemplated herein shall be made on the next working day,” the BIR said. “We have been stretching the deadlines corresponding to the re-extension of ECQ,” Guballa said. BIR Commissioner Caesar R. Dulay issued Revenue Memorandum Circular (RMC) No. Get the latest news from your inbox for free. Copyright © The Manila Times – All Rights Reserved. The Bureau of Internal Revenue (BIR) has further extended the deadline for the filing of various taxes in consideration of the prolonged enhanced community quarantine (ECQ). “The extension of the dates shall be made available throughout the Philippines. Extended Deadline. 26-2020: Donations to Public Schools During the Pandemic, RMC No. Philippine Tax Calendar 2020. Meanwhile, the due date for the filing of tax amnesty was stretched further to June 8, 2020. Finance Secretary Carlos Dominguez III has issued the revenue regulations extending the deadlines for filing of tax returns, submission of documents, and the payment of taxes, pursuant to Republic Act (RA) No. Taxpayers who will file their tax returns within the original deadline or prior to the extended deadline can amend their tax returns at any time before the extended due date. THE BUREAU of Internal Revenue (BIR) has also extended deadlines of other tax returns for 30 days due to the Luzon-wide lockdown. In case the new deadline falls on a weekend, the BIR said the deadline will automatically be the next business day. Carlos Dominguez, said Sen. Bong Go, the President's former longtime special assistant. 11469 or the Bayanihan to Heal as One Act and in consideration of the extension of quarantine period until May 15, 2020. Dulay said the extension of the two deadlines was necessary to ease filing and protect taxpayers from catching Covid-19. The extensions were ordered under Revenue Regulation 10-202 signed on Tuesday by Finance Secretary Carlos Dominguez 3rd and BIR Commissioner Caesar Dulay in consideration of the ECQ extension until April 30. For Fiscal Year Ending … Meanwhile, the due date for the filing of tax amnesty was stretched further to June 8, 2020. Unit 1509 Cityland Herrera Tower For Fiscal Year Ending March 31, 2020 and April 30, 2020. Withholding and Compensation Tax. In its Revenue Regulations No. Based on the regulation, the original April 15 due date for the filing of annual income tax returns of individuals was moved from May 15 to May 30, 2020. RR 31-2020 Notice of Sale of Acquired/Forfeited … The BIR also issued RMC 27-2020 on Tuesday extending the deadline for the filing of value-added tax (VAT) refund applications for the first quarter of 2018 to April 30 from March 31. 7-2019, specifically on the criteria for identifying the Top Withholding Agents. “If the new extended due dates fall on a holiday or non-working day, then the submission and/or filing contemplated herein shall be made on the next working day,” the BIR said. 11-2018, as previously amended by RR No. V A Rufino Cor Valero St Salcedo Vill 2550M for March 2020 e-Filing for eFPS filers under Group E BIR Form No. So, what happens now with all the BIR deadlines? Individual taxpayers wait for the processing of their payments at the Bureau of Internal Revenue office in Manila. January 31, 2021. The compliance is hereby extended as follows: Fiscal Year End. BIR Commissioner Caesar Dulay made the recommendation which Finance Secretary Carlos Dominguez 3rd approved. 31-2020 further amends the pertinent provisions of Revenue Regulations (RR) No. ADVERTISEMENT - CONTINUE READING BELOW The full two-month extension for tax payments was implemented amid different levels of quarantine restrictions across the country. Calendar Year ending December 31, 2020: SUBMISSION : Inventory List: Calendar Year ending December 31, 2020: e-Filed 1702-RT/EX/MX with Audited Financial Statement (AFS), 1709 (if applicable), and Other Attachments through Electronic Submission of Audited Financial Statements (eAFS) or Manually: Fiscal Year ending September 30, 2020: e-SUBMISSION THE Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) 98-2020 to inform all concerned on the extended deadline of submission of Information Return on Related Party Transactions (BIR Form 1709) and its supporting documents for taxpayers with fiscal years ending March 31, 2020 to Nov. 30, 2020. Submission to PEZA of AFS and ITR filed with the BIR on 15 December 2020 by PEZA-registered enterprises whose YE 31 August 2020. Submission to PEZA of TIMTA Annex A.1 by PEZA-registered enterprises for YE 31 August 2020. Revenue Regulations No. Sofia Pardo said she was... A Philippine Air Force helicopter crashed in Bukidnon Saturday, killing all seven persons aboard. The extensions were ordered under Revenue Regulation 10-202 signed on Tuesday by Finance Secretary Carlos Dominguez 3rd and BIR Commissioner Caesar Dulay. The BIR has also extended the deadline to avail of the tax amnesty on delinquencies from May 23 to June 8, 2020, according to Revenue Memorandum Circular 38-2020. In January, the BIR collected P194.9 billion in taxes, up 5.3 percent year-on-year but below the P229.4-billion goal. Brgy Bel-air, Makati City 1227 Metro Manila, Summary Alphalist of Withholding Taxes (SAWT), Quarterly Summary Lists of Sales, Purchases, and Importations (SLSPI), Sworn Statement of Manufacturer’s or Importer’s Volume of Sales of each particular brand of alcohol, tobacco products, & sweetened beverage products, Registration of Computerized Accouting Books of Accounts and Other Accounting Records in Electronic Format, Submission of required hardcopies of FS and scanned copies of 2307 to e-filed 1702RT, MX, EX, RMC 30-2020, RR 7-2020, RMC 39-2020, RR 10-2020 and, BIR Form 2000 and 2000-OT – for One-Time Transactions, Monthly eSales Report of Taxpayers using CRM/POS, Quarterly Summary List of Machines (CRM-POS) sold by all Machine Distributors/ Dealers/ Vendors/ Suppliers, Registration of Bound Loose Leaf Books of Accounts and Other Accounting Records, BIR Form 1914 – Application for VAT Refund, Documentary Requirements based to RMC 47-2019, BIR Form 1914 – Application for Credit or Refund of Taxes Erroneously/Illegally received or penalties imposed without Authority, 2 years after the payment of tax or penalty, BIR Form 1707-A – Annual Capital Gains Tax Return (Transfer of Shares of Stock not Traded thrugh Stock Exchange), BIR Form 1704 – Improperly Accumulated Earnings Tax, BIR Form 2551Q – Quarterly Percentage Tax Return (in General), BIR Form 2551Q – Quarterly Percentage Tax Return (for Overseas Communication Tax), BIR Form 2551Q – Quarterly Percentage Tax Return (for Amusement Taxes), filing date falls during the period starting March 16, 2020 and those where due dates fall within the period of 30 days from date of lifting of ECQ, Extension of 30 days from the date of lifting of quarantine, Filing of Certificate of Residence for Tax Treaty Relief (CORTT) Forms (for final withholding taxes paid on dividend, interest and royalty income of nonresident), within 30 days after the payment of withholding tax, 30 days from the date of lifting of quarantine, Submission of Softcopies of BIR Form 2307 contained in DVD-R and Sworn Declaration, Further BIR Deadline Extensions Related to Covid-19, The Bureau of Internal Revenue (BIR) has issued last April 30, 2020, RR No. It later on extended the deadline to June 22, 2020 with the issuance of RR No. An amendment that will result in additional tax can still be paid without penalties provided that it should be done not later than the extended deadline. However, some extended deadlines in RR 7 2020 fall on or before April 30 or within May, which gives taxpayers not … Previously, the BIR issued Revenue Regulations (RR) 7-2020, dated March 30, 2020, to implement Section 4 (z) of the Bayanihan law. Associate Justice Marvic Mario Victor Leonen remains unbeaten as the Supreme Court’s backlog leader. You have successfully joined our subscriber list. The deadline for donor’s and estate tax returns filing was also moved 30 days from the date of the lifting of the ECQ. 12-2020, ... Dulay said in the new order that the June deadlines "shall remain in effect regardless of any extension … (Published in Philippine Star on October 31, 2020) Digest | Full Text : October 30, 2020: RR No. Deadline – February 28, 2020), March 31, 2020 (Orig. Tax Filing and/or Payment Guide during the Quarantine June 2020 11 BIR Form No. 29-2020 amending the RMC-26 issued earlier which followed the original deadlines but allowed taxpayers to file “tentative returns” and submit final returns instead after 30 days. 11-2020 dated April 29, 2020 to further extend the deadline of filing/submission of returns/reports and payment of taxes due to the extended Enhanced Community Quarantine (ECQ). Finance Secretary Carlos Dominguez III signed Revenue Regulations No. May 14, 2020 For all ONETT transactions (BIR Forms 1706, 1707, 1800, and 1606), if the tax … File Photo. For annual income tax returns of corporations for the calendar year ending Jan. 31, 2020, the May 15 due date was further extended to June 15 this year. Value Added Tax. 33-2020 extending the VAPP deadline on the recommendation of BIR Commissioner Caesar Dulay. This website uses cookies to ensure you get the best experience on our website. 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