BIR ISSUES INTERNAL GUIDELINES TO BIR EXAMINERS ON THE NEW CONDUCT OF AUDIT & OTHER FIELD OPERATIONS + BIR EXTENDS FILING DEADLINES OF ANNUAL ITR & UPCOMING VARIOUS RETURNS TO ANOTHER MONTH

 
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Revenue Memorandum Circular (RMC) No. 29-2020 dated March 19, 2020, circularizes the amendment of RMC No. 26-2020, extending the filing and payment of various returns with upcoming due dates for a month. It may be recalled that under RMC No. 26-2020, dated March 17, 2020, the BIR earlier clarified the non-extension of filing of various tax returns with upcoming deadlines despite the pronouncement declaring a State of Public Health Emergency.

RMC No. 28-2020 dated March 18, 2020, circularizes the amendment of RMC No. 25-2020, extending the filing and payment of 2019 Annual Income Tax Return (ITR) from April 15, 2020 to May 15, 2020 without the imposition of penalties. It may be recalled that under RMC No. 25-2020, dated March 16, 2020, the BIR earlier clarified the non-extension of filing of the Annual ITR for 2019 despite the one-month lockdown of entire Luzon due to the prevention of further spread of COVID-19. Accordingly, the filing shall still be done on or before April 15, 2020. However, realizing the difficulty, limitations, challenges and other considerations due to attendant circumstances, the Department of Finance thru Assistant Secretary Lambino announced a 1-month extension. Nevertheless, taxpayers are encouraged to submit their tax return on or before April 15, 2020, if the same is readily available.