(BIR Advisory dated April 28, 2021)
This Tax Alert is issued to inform all concerned taxpayers on the following guidelines on the submission of attachments to the amended Annual Income Tax Return (AITR) for taxable period ending December 31, 2020:
- Pursuant to RMC No. 46-2021, AITR for CY 2020 was due last April 15, 2021 but may be amended until May 15, 2021 without increments.
- The submission of the required attachments to the e-filed amended AITR shall be made on or before May 30, 2021 to the RDO where the taxpayer is registered or through the use of eAFS System;
- No penalty shall be imposed for non- submission of attachments to filed AITR but later amended on or before May 15, 2021;
- For tentative AITR electronically filed on or before April 15, 2021 but the required attachments are not yet submitted, the submission of the same as attachment to the amended return shall be made on or before May 30, 2021;
- Taxpayers who have already submitted attachments to the tentative AITR but will amend their returns as a result of correction of tax rates used, need not resubmit the same documents;
- Taxpayers amending their returns for reasons other than correction of tax rates used shall make the required submission on or before May 30, 2021. In cases where no revisions and/or changes resulted from the amendment on the documents already submitted, attachments to the amended AITR need not be resubmitted.
