BIR extends ITR filing deadline to May 15

The Bureau of Internal Revenue (BIR) has extended the deadline for filing 2019 annual Income Tax Returns (ITRs) to May 15, 2020, due to the enhanced community quarantine and the COVID-19 pandemic.

This extension also applies to income tax returns for corporations, partnerships, and other non-individual taxpayers, moving their deadline to April 30, 2020.

Deadlines for the filing and payment of monthly value-added tax declaration and monthly remittance of percentage tax on winnings and prizes withheld by race track operators for February were moved to April 20, 2020.

Electronic filing deadlines for BIR Forms 1601C, 0619E, and 0619F were moved to various dates between April 21 and April 27, depending on the filer group.

The deadline for the electronic filing and payment of quarterly VAT declaration was extended until April 27.

Other returns that can be filed, submitted, or paid until April 30 include quarterly income tax return for corporations and partnerships, annual information returns, and certification of compensation payment.

The Department of Finance estimates a potential P145 billion shortfall in tax collections due to these extensions, but Finance Secretary Carlos G. Dominguez III stated this will not impact government expenditures.