The Bureau of Internal Revenue (BIR) has issued last April 30, 2020 Revenue Regulations (RR) No. – Tax amnesty on delinquencies – The taxpayer may still avail himself or herself of such amnesty until June 8, 2020. 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. Philippine Tax Calendar 2020. This circular was issued to let taxpayers know… Deadline for availment of Tax Amnesty on Delinquencies further extended. 33-2020. 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." Here’s a tax schedule we’ve prepared, listing all the BIR deadlines and their corresponding guidelines for the month of January 2020. 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. THE BUREAU of Internal Revenue (BIR) has also extended deadlines of other tax returns for 30 days due to the Luzon-wide lockdown. Several forms of tax duties, including the 2019 income tax, were postponed through Revenue Regulations No. January 2020 BIR Deadlines. Previously, the BIR issued Revenue Regulations (RR) 7-2020, dated March 30, 2020, to implement Section 4(z) of the Bayanihan law. BIR Tax Deadline. 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 Previously, the BIR issued Revenue Regulations (RR) 7-2020, dated March 30, 2020, to implement Section 4(z) of the Bayanihan law. Philippine Tax Calendar 2020. Last March, the BIR’s 2020 tax-collection target was downscaled to P2.26 trillion from P2.58 billion previously in light of the COVID-19 pandemic’s impact on the economy. January 8 at 1:38 AM. Last March, the BIR’s 2020 tax-collection target was downscaled to P2.26 trillion from P2.58 billion previously in light of the COVID-19 pandemic’s impact on the economy. The deadline for … BIR Issues RMC No. In 2020, the deadline for filing BIR Form 2316 with the BIR was originally 28 February. 32-2020 Which Extends the Deadline for Filing of CORTT Forms. 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. – 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. Several forms of tax duties, including the 2019 income tax, were postponed through Revenue Regulations No. 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 . 124-2019, extending the deadline for submitting the Annual Information Returns of Income Taxes Withheld on Compensation (BIR Form No. 5-2020 and circularized by RMC No. The Bureau of Internal Revenue (BIR) issued RMC No. It enumerates, in calendar form, BIR’s tax deadlines, together with the following: Tax Returns and Remittance Forms 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. 12-2020. 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. 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. 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. 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. Aziza A. Bacay is an associate of Mata-Perez, Tamayo & Francisco (MTF Counsel). The Bureau of Internal Revenue (BIR) releases Revenue Memorandum Circular (RMC) No. – 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. 4 policemen, civilian nabbed in Subic Freeport buy-bust, 10 dead as quake sets off landslides, flatten homes in Indonesia, Duterte hopes successor to be ‘forceful, resolute’ vs corruption, 3 soldiers, 1 civilian shot dead in Lanao del Norte, What Metro Manilans want and what MMDA should prioritize, Living the post-pandemic life: What to do after Covid-19. See More. Remember, there are various other quarterly … 29-2020 (RMC 29-2020) on 19 March 2020. You have successfully joined our subscriber list. Under these new BIR issuances, the extended deadline dates listed under RR. 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. Successful companies such as Google, Facebook, and Amazon all have something in common besides belonging to the tech industry: they actively collect massive amounts... Baron Rothschild, an 18th-century British nobleman and member of the Rothschild banking family, is credited with the famous saying about investing in the stock... It’s already 2021 and things are starting to look up for everyone. In January, the BIR collected P194.9 billion in taxes, up 5.3 percent year-on-year but below the P229.4-billion goal. We understand that this was to give the BIR time to update the version of its online module for completion of BIR Form 2316. The Bureau of Internal Revenue (BIR) releases Revenue Memorandum Circular (RMC) No. Here are your options for tax compliance from home. As for the submission of attachments to electronically filed annual ITRs, its deadline is extended to June 15. By continuing to use this website without disabling cookies in your web browser, you are agreeing to our use of cookies. The Bureau of Internal Revenue (BIR) as of March 17, 2020, gave Revenue Memorandum Circular No. Extended BIR Deadlines of Tax… Due to the lockdown, the BIR issued RR 11-2020 that outlines the extension of tax returns. 26-2020), which is effective immediately. The deadline for filing BIR Form 2316 has now been extended further – the new filing deadline is 31 March 2020. PLEASE NOTE: Due to COVID-19, the BIR and SEC have since amended certain of the filing requirements and dates referenced below. We understand that this was to give the BIR time to update the version of its online module for completion of BIR Form 2316. 12-2020. 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. No need to go to the RDO or go to banks to be tax complaint. This circular was issued to let taxpayers know that the following returns that fall within the quarantine period will… Start your year right by filing your taxes in minutes with Fast File Circular … under these new BIR,. Up 5.3 percent year-on-year but below the P229.4-billion goal days after the quarantine is lifted of tax duties, the... Only and is not a substitute for professional advice where the facts circumstances. Tax, were postponed through Revenue Memorandum Circular … under these new BIR issuances the! Comment regarding this article is for general information only and is not a substitute for professional where! 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