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BIR sets June 15 payment deadline for amended ITRs
The Bureau of Internal Revenue (BIR) is maintaining the April 15 deadline for income tax return (ITR) filings, despite the community quarantine in Metro Manila.
However, the BIR will waive penalties for ITR amendments if any additional income tax due is settled on or before June 15, 2020.
Taxpayers are allowed to file tentatively if they anticipate errors in their returns due to limitations in preparation during the lockdown.
Amendments can be filed at any time, provided the taxable period has not already been audited.
Finance Secretary Carlos Dominguez III noted the April 15 deadline is set by law and cannot be changed.
Metro Manila was placed under community quarantine from March 15 to April 14, 2020, due to rising COVID-19 cases.
The BIR encourages taxpayers to use their online platform for filing to minimize exposure to the virus.
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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.
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The House of Representatives' ways and means committee has proposed extending the April 15 tax filing deadline to May 4 to ease the burden on taxpayers during the Covid-19 crisis.
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