MTF UPDATES | RMC No 30-2020
Dear Valued Clients and Friends,
Revenue Memorandum Circular No. 30-2020: Amending Revenue Memorandum Circular (RMC) No. 29-2020 and clarifications on RMC 28-2020 relative to the Extension of deadlines for the filing of CY 2019 Income Tax Returns and other various returns and payment of taxes due thereon.
Required attachments for the filing of Annual Income Tax Returns (AITR) shall likewise be submitted on or before May 15, 2020.
Filing/submission of other reportorial requirements whose deadline(s)/due date(s) fall within the Enhanced Community Quarantine (ECQ) period shall be extended for 30 calendar days from its deadline(s)/due date(s).
For One Time TIN (ONETT) Transactions, if the date for its payment falls due within the ECQ period, the period to file and pay is extended for 30 days from its due date.
If the ECQ period will be extended, the filing and payment, and submission of reports and attachments falling within the enhanced extended period shall also be extended by 30 calendar days.
This circular shall apply to the entire Luzon under the ECQ and/or other similar measures, and shall also be deemed applicable to other jurisdictions where concerned Local Government Unit which have also adopted the ECQ and/or other similar measures in their jurisdictions.
If you need assistance, or you need further clarification, please do not hesitate to contact us at info@mtfcounsel.com.
MATA-PEREZ, TAMAYO & FRANCISCO
March 24, 2020
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