Tax Notes

Extension of deadline for availing of tax amnesty on delinquencies

THE Bureau of Internal Revenue issued Revenue Memorandum Circular 61-2020 on June 15, 2020, further extending the deadline for availing of tax amnesty on delinquencies under the provisions of Revenue Regulations (RR) 4-2019. RR 4-2019, which implements Title IV of Republic Act 11213 (Tax Amnesty Act) on the tax amnesty on delinquencies, was amended by RR 5-2020 and further amended by RR 11-2020 in light of the global Covid-19 pandemic.

The deadline for availing of tax amnesty on delinquencies has been further extended from June 22, 2020 to Dec. 31, 2020.

Please be guided accordingly.

Source:

P&A Grant Thornton

Certified Public Accountants

 

As published in SunStar Cebu, dated 24 June 2020