Dear Valued Clients and Friends,

We are sending to you a copy of Bureau of Internal Revenue (BIR) Revenue Regulation (RR) No. 10-2020 dated April 14, 2020, which extends further the statutory deadlines and timelines for the submission and/or filing of various documents and/or returns, as well as the payment of taxes, due to the extended Enhanced Community Quarantine (ECQ).

If the ECQ period will be extended further, the extended due dates will be further extended for 30 calendar days from the lifting of the ECQ.

Taxpayers who file and pay their taxes within the original deadline or prior to the extended deadline can amend their tax returns at any time on or before the extended due date. An amendment that will result to additional tax to be paid, can still pay without the imposition of penalties, if the same, be done, not later than the extended deadline.

A taxpayer whose amendment will result to an overpayment, can opt to carry over the overpaid tax as credit against the tax due for the same tax type in the succeeding period’s tax returns aside from filing for claim for refund.

Should you have questions on the above article, please do not hesitate to contact us at info@mtfcounsel.com.

Thank you,

Mata-Perez, Tamayo & Francisco

April 14, 2020

BIR RR No. 10-2020

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