Tax deadline,
With the new guidelines, the deadlines of the following, which fall during the national emergency period, have also been extended by 30 days from the original date:
• electronic and non-electronic filing
and payment of quarterly ITRs;
• monthly and quarterly value
added tax (VAT) declarations;
• documentary stamp taxes (DST);
• percentage tax on winnings and
prizes withheld by race track operators;
• withholding taxes on compensation; creditable and final withholding
taxes; and
• monthly excise tax declarations. For instance, the non-electronic filing
and payment of VAT declarations for the month of February is now due on April
20, while the electronic filing deadline
is from April 21-27 (depending on the
group). Quarterly VAT declaration filing and payment for fiscal quarter ending Feb. 29 is now on April 27.
The BIR also extended the deadline of submission by 30 days for the following:
• quarterly summary lists of sales
and purchases (new deadline: April 27);
• sworn statement of manufactur
ers or importers of excisable products (April 27);
• financial statements for the year 2019 (April 30);
• inventory lists (April 30);
• e-Sales reports (May 11);
• summary lists of machines (May
15);
• list of medical practitioners (May
15);
• certificates of residence for tax
treaty relief (April 30);
• registration of computerized
books of accounts and other accounting
records (April 30).
• The deadline for the filing of appli
cations for VAT credit and refund claims
covering the quarter ending March 31,
2018 will now be on April 30, instead of
March 31.
Submission of tax amnesty on
delinquencies returns will be accepted
until May 23.
“Additionally, settlement of one-time transactions, submission of assessment
related documents, and other filings
and submissions not enumerated in the revenue regulations are given a 30-day extension, counted from the original due
date,” the BIR said.
In case the new deadline falls on a weekend, the BIR said the deadline will
automatically be the next business day.
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