Meanwhile, the BIR, under RMC 27-2020, also moved the deadline for value-added tax (VAT) refund applications from March 31 to April 30, 2020. Furthermore, the filing of application for new authority to print for expiring principal and supplementary receipts/invoices where the expiration date falls within the ECQ period is also extended until May 13 or for 30 days after the quarantine is lifted, whichever comes later (RMC 41-2020, dated April 8, 2020). The BIR … No.7-2020 have now been extended again by the BIR for a further period of 15 calendar days. PLEASE NOTE: Due to COVID-19, the BIR and SEC have since amended certain of the filing requirements and dates referenced below. THE Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. In 2020, the deadline for filing BIR Form 2316 with the BIR was originally 28 February. Bureau of Internal Revenue (MANILA BULLETIN) BIR Commissioner Caesar Dulay came out with Revenue Memorandum Circular No. Several forms of tax duties, including the 2019 income tax, were postponed through Revenue Regulations No. more This circular was issued to let taxpayers know that the following returns that fall within the quarantine period will… The Bureau of Internal Revenue (BIR) as of March 17, 2020, gave Revenue Memorandum Circular No. However, it should be noted that the BIR is yet to make any issuance extending the two year period to claim for refunds of erroneously or illegally collected taxes under Section 229 of the Tax Code. The first set of taxpayers to comply with the new reporting are those taxpayers with fiscal year ended March 31, 2020. 10 Sunday • SUBMISSION of Transcript Sheets of 2222-ORB – Month of December 2020 • SUBMISSION of List of Buyers of Sugar Together with a Copy of Certificate of Advance Payment of VAT Made by Each Buyer appearing in the List by a Sugar Cooperative – Month of December 2020 However, some extended deadlines in RR 7 2020 fall on or before April 30 or within May, which gives taxpayers not much time to comply after the ECQ period expires. In January, the BIR collected P194.9 billion in taxes, up 5.3 percent year-on-year but below the P229.4-billion goal. – Documentary stamp tax (DST) – Deadline for the filing and payment of DST returns is now extended to May 20. No need to go to the RDO or go to banks to be tax complaint. – Monthly value-added tax (VAT) – Deadline for the filing and payment of monthly VAT returns for February and March 2020 is now extended to May 6 to 10 and May 21 to May 25, respectively, depending on the group under which the taxpayer is categorized. – The filing of position papers to Notice of Informal Conference, Preliminary Assessment Notice, Protest Letters and other similar letters are still due within 30 days after the quarantine is lifted. 33-2020. Taxpayers who filed their returns within the original deadline or prior to the extended deadline may amend their returns at any time on or before the extended due date. July 2nd, 2020 Deadlines; July 10, 2020: Filing and payment: BIR Form 1601C (Non-eFPS Filers) July 11, 2020: e-Filing: BIR Form 1601C (eFPS Group E) July 12, 2020: e-Filing: BIR Form 1601C (eFPS Group D) July 13, 2020: e-Filing: BIR Form 1601C (eFPS Group C) July 14, 2020: e-Filing : BIR Form 1601C (eFPS Group B) July 15, 2020: e-Filing: BIR Form 1601C (eFPS … This article is for general information only and is not a substitute for professional advice where the facts and circumstances warrant. A RATE case has been filed on December 23, 2020 against a taxpayer who failed to pay its taxes after filing various tax returns on time. Get started for FREE here. 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. These new deadlines are summarized as follows: – Annual income tax returns (ITRs) – Deadline for the filing and payment of ITRs, originally extended until May 15, may now be filed until May 30. If the amendment would result in additional tax to be paid, penalties shall not be imposed. These tax forms are available for e-Filing and Payment in JuanTax and Fast File. Such an extension is mandated by Republic Act 11469, or the “Bayanihan to Heal as One Act,” which gives President Rodrigo Duterte emergency powers to respond to the coronavirus disease 2019 (Covid-19) pandemic in the country. Automate your tax compliance with JuanTax. It enumerates, in calendar form, BIR’s tax deadlines, together with the following: Tax Returns and Remittance Forms Philippine Tax Calendar 2020. SUBMISSION. It is provided for in items 51 and 52. No need to go to the RDO or go to banks to be tax complaint. January 2020 BIR Deadlines. The BIR said the … This website uses cookies to ensure you get the best experience on our website. As for the submission of attachments to electronically filed annual ITRs, its deadline is extended to June 15. In Metro Manila, improving mobility has proven to be one of the toughest challenges to face, especially during the coronavirus pandemic, when public transport... Joe Biden will take over the White House in Washington, D.C., next week. These tax forms … 138-2020 Availment of NOLCO for Taxpayers Adopting Fiscal Year. Previously, the BIR issued Revenue Regulations (RR) 7-2020, dated March 30, 2020, to implement Section 4(z) of the Bayanihan law. Get the latest news from your inbox for free. Previously, the BIR issued Revenue Regulations (RR) 7-2020, dated March 30, 2020, to implement Section 4(z) of the Bayanihan law. Similarly, the BIR issue Revenue Regulation 33-2020 extending the deadline for availing of the VAPP. BIR Commissioner Caesar R. Dulay issued Revenue Memorandum Circular (RMC) No. BIR Tax Deadline. BIR Commissioner Caesar R. Dulay issued Revenue Memorandum Circular (RMC) No. This extension was confirmed through Revenue Memorandum Circular … 12-2020 states that if the deadline falls on a holiday or non-working day it is automatically moved to the next working day. January 2020 BIR Deadlines. All Transcript Sheets used by Dealers of Automobiles/Manufacturers/Toll Manufacturers/Assemblers/Importers of alcohol Products, Tobacco Products, Petroleum Products, Non-Essential Goods, Sweetened Beverage Products, Mineral Products & Automobiles. 5-2020 and circularized by RMC No. The BIR urges taxpayers to utilize e-solutions for tax compliance. Published March 19, 2020, 12:00 AM. Iligan News. January 8 at 1:38 AM. BIR Further Extends the Deadline on the Submission and Filing of Documents, Returns, and Tax Payments. The BIR said the returns shall also include the summary alpha list of withholding taxes. Several forms of tax duties, including the 2019 income tax, were postponed through Revenue Regulations No. July 2020 BIR Deadlines. – Tax amnesty on delinquencies – The taxpayer may still avail himself or herself of such amnesty until June 8, 2020. On the other hand, if the amendment will result in the overpayment of tax, the taxpayer may pursue a tax credit for the same tax type in the succeeding period or claim a refund. Here’s a helpful reminder for BIR Tax Deadlines this January 2020. 10 Sunday • SUBMISSION of Transcript Sheets of 2222-ORB – Month of December 2020 • SUBMISSION of List of Buyers of Sugar Together with a Copy of Certificate of Advance Payment of VAT Made by Each Buyer appearing in the List by a Sugar Cooperative – Month of December 2020 Aziza A. Bacay is an associate of Mata-Perez, Tamayo & Francisco (MTF Counsel). The subject of this memorandum is “Filing and Payment of Corresponding Taxes”. The Bureau of Internal Revenue (BIR) as of March 17, 2020, gave Revenue Memorandum Circular No. E-file and pay your taxes in minutes with Fast File. 7-2020 and pursuant to Section 4(z) of the Republic Act (RA) No. Similarly, the BIR issue Revenue Regulation 33-2020 extending the deadline for availing of the VAPP. 12-2020 states that if the deadline falls on a holiday or non-working day it is automatically moved to the next working day. 124-2019, extending the deadline for submitting the Annual Information Returns of Income Taxes Withheld on Compensation (BIR Form No. Fiscal Quarter ending August 31, 2020 : 31 Saturday : e-FILING/FILING & e-PAYMENT/PAYMENT : Form 1601-EQ, 1601-FQ and Quarterly Alphalist of Payees (QAP) FOr the Quarter ending September 30, 2020: Form 1602Q & 1603Q: For the Quarter ending September 30, 2020 January 10th, 2020 Deadlines; Start your year right by filing your taxes right on time. The BIR has earlier moved the deadline of the availment of tax amnesty on delinquencies from April 23 to May 23, 2020, pursuant to Revenue Regulation No. In order to provide relief to taxpayers who will not be able to prepare, let alone file, various tax returns which are due this March 2020, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular No. Start your tax compliance from home with Fast File! Extended BIR Deadlines of Tax… Due to the lockdown, the BIR issued RR 11-2020 that outlines the extension of tax returns. The BIR Form 2316 deadline is the 31st of January each year. – Claim for VAT refund – The application for VAT credit/refund for the quarter ending March 31, 2018 may be filed on May 15, 2020 or within 30 days after the quarantine is lifted, whichever comes later; for the quarter ending April 30, 2019, the application may be filed on May 30, 2020 or within 30 days after the quarantine is lifted, whichever is later. The BIR, as of March 19, 2020, issued Revenue Memorandum Circular No. 98-2020 to extend the deadline for compliance of the filing of BIR Form 1709 or the Related Party Transaction (RPT) Form, together with its attachments. Initiated by the DOF and the BIR under RR 21-2020… Who signs BIR Form 2316. THE BUREAU of Internal Revenue (BIR) has also extended deadlines of other tax returns for 30 days due to the Luzon-wide lockdown. 1604-C) and Final Withholding Taxes (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. BIR Tax Deadline • SUBMISSION of Transcript Sheets of 2222-ORB – Mo ... Month of December 2020 "Deadlines which fall on Weekends, Holidays and Non-Working days shall automatically be moved to the next working day." 39-2020, under the provisions of Revenue Regulations (RR) No. No.7-2020 have now been extended again by the BIR for a further period of 15 calendar days. Under these new BIR issuances, the extended deadline dates listed under RR. Deadline for manual filers: 0605: Payment Form Annual Registration: January 31: 1601-C: Monthly Remittance Return of Income Taxes Withheld on Compensation: Every 10th day of after the end of each month: 0619-E: Monthly Remittance Form for Creditable Income Taxes WIthheld (Expanded) Every 10th day of after the end of each month: 0619-F Below is the updated extension of tax form deadlines that are available in the JuanTax Platform: Income Tax Return; Withholding and Compensation Tax Value Added Tax; Percentage Tax . This platform lets your e-File and Pay your tax forms directly to BIR. Remember, there are various other quarterly … BIR Further Extends the Deadline on the Submission and Filing of Documents, Returns, and Tax Payments. Facebook Twitter The Bureau of Internal Revenue (BIR) releases Revenue Memorandum Circular (RMC) No. The Bureau of Internal Revenue (BIR) has issued last April 30, 2020 Revenue Regulations (RR) No. Our platform lets you automate your tax preparation all the way to your Books of Accounts by simply encoding Sales and Purchases once! January 10th, 2020 Deadlines; Start your year right by filing your taxes right on time. – The suspension of running of limitation under Sections 203 and 222 of the National Internal Revenue Code is extended to 60 days after the quarantine is lifted. However, some extended deadlines in RR 7 2020 fall on or before April 30 or within May, which gives taxpayers not much time to comply after the ECQ period expires. Happy 60th Birthday to our beloved Iligan City Mayor, Celso Gomera Regencia. 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. that outlines the extension of tax returns. You have successfully joined our subscriber list. Start your tax compliance from home with Fast File! This circular was issued to let taxpayers know that the following returns that fall within the quarantine period will… Philippine Tax Calendar 2020. The subject of this memorandum is to amend the previous Revenue Memorandum Circular 26-2020, relative to the Extension of Deadlines for Filing Various Returns and Payments for the Taxes Due. Fiscal Quarter ending November 30, 2020 : 30 Saturday: REGISTRATION : Ccomputerized Books of Accounts & Other Accounting Records in Electronic Format: Calendar Year ending December 31, 2020: SUBMISSION : Inventory List: Calendar Year ending December 31, 2020 Here’s a tax schedule we’ve prepared, listing all the BIR deadlines and their corresponding guidelines for the month of January 2020. more. Thus, the BIR issued RR 10-2020, dated April 14, 2020, which details the new statutory deadlines … 39-2020, under the provisions of Revenue Regulations (RR) No. June 19, 2020: Filing and payment: of BIR Form 2550M and SLSP (Non-eFPS Filers) April 2020: June 20, 2020: Filing and payment: of BIR Form 2550M (Non-eFPS Filers) June 21, 2020: e-Filing: of BIR Form 2550M (eFPS Group E) April 2020: June 22, 2020: e-Filing: of BIR Form 2550M (eFPS Group D) April 2020: June 23, 2020: e-Filing: of BIR Form 2550M (eFPS Group C) April 2020: June 24, 2020: e-Filing: of BIR Form 2550M (eFPS Group B) April 2020: June 25, 2020: e-Filing: of BIR Form 2550M (eFPS … We understand that this was to give the BIR time to update the version of its online module for completion of BIR Form 2316. October 4th, 2020 Deadlines; Oct 10, 2020: Filing and payment: BIR Form 1601C (Non-eFPS Filers) Oct 11, 2020: e-Filing: BIR Form 1601C (eFPS Group E) Oct 12, 2020: e-Filing: BIR Form 1601C (eFPS Group D) Oct 13, 2020: e-Filing: BIR Form 1601C (eFPS Group C) Oct 14, 2020: e-Filing : BIR Form 1601C (eFPS Group B) Oct 15, 2020: e-Filing: BIR Form 1601C (eFPS … 8 Sunday. Revenue Regulations (RR) No. It later on extended the deadline to June 22, 2020 with the issuance of RR No. After being signed, it is filed with the Bureau of Internal Revenue by the employer. Thus, the BIR issued RR 10-2020, dated April 14, 2020, which details the new statutory deadlines for the submission and filing of documents and/or returns to the BIR and the payment of taxes. Basically, BIR Form 1709 is a new attachment in the Annual Income Tax Returns of those with RPTs. Our platform lets you automate your tax preparation all the way to your Books of Accounts by simply encoding Sales and Purchases once! With the Luzon-wide enhanced community quarantine (ECQ) extended until April 30, it is just proper for the Bureau of Internal Revenue (BIR) to also extend various statutory and tax deadlines. Undeniably, the BIR has heeded the taxpayers’ requests through several issuances extending tax filing deadlines, the most notable of which are Revenue Memorandum Circular No. 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. Mark your calendar! It enumerates, in calendar form, BIR’s tax deadlines, together with the following: Tax Returns and Remittance Forms JuanTax. PLEASE NOTE: Due to COVID-19, the BIR and SEC have since amended certain of the filing requirements and dates referenced below. 29-2020, which is effective immediately. This platform lets your e-File and Pay your tax forms directly to BIR. 8-2017, filing of … In 2020, the deadline for filing BIR Form 2316 with the BIR was originally 28 February. 21-2020… BIR tax Deadlines this January 2020 your taxes in minutes with File... Regulations to implement the tax amnesty on delinquencies further extended TUBOD, by. Mata-Perez, Tamayo & Francisco ( MTF Counsel ) billion in taxes, up 5.3 percent year-on-year but below P229.4-billion! … by: Hergie Ann De Guzman, CPA Deadlines of other tax Returns ( BIR ) has extended. 29-2020 ) on 19 March 2020 use this website uses cookies to ensure you get the experience. Heal as One Act BIR issue Revenue Regulation 33-2020 extending the deadline for availing the. 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