Voluntary Assessment and Payment Program (VAPP) for taxable year 2018
(Revenue Regulations No. 21-2020 published on September 5, 2020)
This Tax Alert is issued to inform all concerned of the voluntary assessment and payment program (VAPP) of the Bureau of Internal Revenue (BIR) which can be availed by taxpayers for taxable year 2018 under certain conditions.
To collect additional tax revenues which will fund the government’s expenditures during the pandemic, the BIR is implementing VAPP for taxable year 2018. Under the program, qualified taxpayers may voluntarily pay additional taxes for the covered period, with or without an audit/investigation, and be entitled to certain privileges.
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