These tax filing/payment and BIR submission guidelines are updated as of April 1, 2020 with the issuance of Revenue Regulations (RR) No. 7-2020, Revenue Memorandum Circular No. 34-2020, and Tax Advisory dated March 30, 2020. The recent BIR issuance, among others, provides for a June 1 extended deadline for the submission of attachments to the e-filed annual personal and corporate income tax returns for taxable year ending Dec 31, 2019 and suspension of the running of the statute of limitations in the assessment and collection of deficiency taxes during the emergency period until 60 days from lifting of the period of emergency. Taxpayers are also instructed to disregard the penalties automatically computed by the eFPS.
Click the attached file below to downlod the Tax Briefer (as of April 1, 2020)
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