BIR will no longer grant any further extension of the deadline to file returns and pay taxes regardless of any extension / modification of the community quarantine
Client Alert - 30 May 2020
Dear valued client,
The Bureau of Internal Revenue ("BIR") has issued Revenue Regulation No. 12-2020 (“RR 12-2020”) declaring there will be no further extension of the deadline to file returns and pay taxes as indicated in Revenue Regulation No. 11-2020 (“RR 11-2020”). See our previous client alert on RR 11-2020 here.
RR 12-2020 states that the extended due dates indicated in RR 11-2020 will remain effective regardless of any extension or modification of the community quarantine.
RR 12-2020 reminds tax payers of the following:
How this affects you
Your business should be ready to file its returns and pay taxes within the deadline indicated in RR 11-2020 because the BIR will no longer extend the deadlines therein.
If you have any questions regarding RR 12-2020 or your business' tax compliance, just send us a message on our Facebook page and we’ll arrange for our Partner Lawyers specializing in tax law to assist you.
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The Legal Tree team
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