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.
Please also like our Facebook page to stay updated on the latest legal developments relevant to you and your business.
Regards,
The Legal Tree team
Email: CustomerSupport@legaltree.ph
Facebook: https://facebook.com/LegalTreePh
LinkedIn: https://www.linkedin.com/company/legal-tree
Website: www.legaltree.ph