Tax Alerts

Reiteration of April 15 deadline for 2020 AITR filing and payment; amendment until May 15, 2021 which shall result to additional payment shall not be subject to penalties; additional guidelines for the submission of attachments

(BIR Advisory, April 14, 2021)

This Tax Alert is issued to inform all concerned taxpayers on the following guidelines for the filing and payment of annual income tax return (AITR) covering Calendar Year (CY) 2020:

  1. Deadline for filing of AITR covering CY 2020 is still on April 15, 2021;
  2. AITR filed on or before April 15, 2021 may be amended not later than May 15, 2021. If the amended return will result to additional payment, no penalties shall be imposed. On the other hand, if overpayment of taxes resulted therefrom, taxpayer may opt to carry over such overpayment as credit against the tax due for the same tax type in the succeeding period or may be refunded;
  3. Required attachments to the electronically filed AITR for CY 2020 must be filed not later than April 30, 2021;
  4. Attachments to the amended AITR electronically filed on or before May 15, 2021 shall likewise be submitted within 15 days from the date of filing of amended returns or not later May 30, 2021; and
  5. Attachments to the manually filed AITR are due upon manual filing of the AITR.