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Home Business Money

DOF extends tax amnesty deadline to December 2020

Julito G. RadabyJulito G. Rada
June 25, 2020, 10:00 pm
in Money
Reading Time: 1 min read
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The Department of Finance extended the deadline for tax amnesty until the end of December 2020 from June 22.

It issued Revenue Regulations 15-2020 for delinquencies under Republic Act No. 11213 to ensure the timely processing of such applications by Bureau of Internal Revenue offices.

The new RR extends the deadline provided under RR 11-2020, which amended RR 10-2020 and 7-2020 and first extended the amnesty deadline to June 22, 2020.

“These regulations were issued to implement the provision in RA 11469 or the Bayanihan to Heal As One Act allowing the extension of statutory deadlines and timelines to ease the burden on taxpayers following the imposition since mid-March of community quarantines nationwide in a government bid to contain the spread of the novel coronavirus disease 2019 outbreak,” it said in a statement Thursday.

Under RR No. 15-2020, taxpayers can avail of the tax amnesty for delinquencies until Dec. 31, 2020. 

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“This extended deadline intends to give taxpayers ample time to settle their tax delinquencies while allowing the BIR to increase its collection from this new tax amnesty program,” it said. 

The RR also provides deadlines for BIR offices to process the documentary requirements needed to avail of the tax amnesty.  

Certificate of delinquencies/tax liabilities should now be issued or denied with a legal and factual basis by concerned BIR offices within three working days from the submission date of the request.  

The completed amnesty application and return should be endorsed for payment by the BIR within one working day from complete submission. 

The streamlining ensures the BIR’s prompt processing of tax amnesty applications.

Tags: Bayanihan to Heal as One ActBureau of Internal RevenueCOVID-19Department of FinanceTax
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Julito G. Rada

Julito G. Rada

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