DUE to the government’s revenue needs during a pandemic, the Bureau of Internal Revenue (BIR) is not granting an extension for the filing of taxes this year.
However, BIR Deputy Commissioner Arnel Guballa told BusinessMirror on Monday that taxpayers will be allowed to amend their filings until May 15 without any penalties.
“The DOF (Department of Finance) policy direction is no extension on the deadline. But taxpayers can amend before or on May 15 without penalty,” Guballa said in a message.
Guballa said the BIR, as of press time, does not have estimates of taxes that could be collected for 2020.
However, based on the BIR’s monthly collection goal, the agency aims to collect P235.237 billion in April. This will allow it to reach the total tax collection goal of P2.081 trillion this year.
Tax collection target from BIR operations, which includes taxes on net income and profits as well as value-added tax, is P231.57 billion in April. The remaining P3.668 billion is the target for non-BIR operations.
Earlier, BIR allowed the filing of tax returns and the payment of taxes falling within the period of March 22 to April 30 this year to be filed anywhere, even outside the jurisdiction of the Revenue District Office (RDO) where the taxpayer is registered.
In Revenue Memorandum Circular (RMC) No. 41-2021 signed by BIR Commissioner Caesar Dulay, the BIR said this flexibility given to taxpayers aims to provide them relief “in relation to the current surge in Covid-19 cases that is affecting the entire country which has prompted establishments to operate at half their manpower capacity.”
“This will make it easier for taxpayers to do their civic duty of paying their taxes and helping the government generate more funds for Covid-19 response and other priority programs amid the fresh surge in coronavirus infections,” Finance Secretary Carlos Dominguez III said following the issuance of the BIR Circular.
The BIR also encouraged taxpayers to file their tax returns electronically through the eBIR Forms Facility and pay their taxes through the bureau’s authorized digital payment channels.
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