Tuesday, January 31, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
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
A A
Share on FacebookShare on TwitterShare on Email

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. 

ADVERTISEMENT

“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
ADVERTISEMENT
Julito G. Rada

Julito G. Rada

Related Posts

BPI eyes global bond issuance in Q2 to refinance maturing debt

byJenniffer B. Austria
January 30, 2023, 7:00 pm
0
8
BPI’s income increased 1.8% to P17.5b in 1st three quarters

Bank of the Philippine Islands plans to return to the international bond market this year to refinance part of or...

Read more

UnionBank’s net income steady at P12.7b in 2022

byJulito G. Rada
January 30, 2023, 6:50 pm
0
8
UnionBank eyes P40-billion stock rights offering to buy local Citi unit

Union Bank of the Philippines, one of the largest lenders in terms of assets, said Monday it posted a net...

Read more

New DBP president vows to support infrastructure development

byManila Standard
January 29, 2023, 7:05 pm
0
8
US trade shifts away from China but no ‘decoupling’ yet

A prominent and seasoned banker formally assumed the position as head of one of the largest government financial institutions in...

Read more

PH banks kept credit standards unchanged in Q4

byJulito G. Rada
January 29, 2023, 7:00 pm
0
8
Banaag assumes post as Bright Kindle director

Banks in the Philippines kept credit standards mostly steady in the fourth quarter of 2022 and expect to continue the...

Read more

Hot money posted $887m in net inflows last year

byJulito G. Rada
January 26, 2023, 6:50 pm
0
8
Remittances increased 5.3% to $25.929b in first 10 months

Foreign portfolio investments or hot money posted net inflows of $887 million in 2022, a reversal of the $574-million net...

Read more

GCash, CIMB Bank offer highest interest rate of 8%

byManila Standard
January 25, 2023, 8:05 pm
0
8
GCash teams up with BPI to provide new investment options to customers

GCash and CIMB Bank, the country’s leading digital banking services provider, are offering users up to 8 percent interest rate...

Read more

Print Edition

View More

Recent Posts

  • Sneakers for Makati : AB4.0
  • PBBM rolls out 5-year dev’t plan
  • Mr. Marcos says education system ‘failed’ the children
  • Fuel price hikes: Gas up P1.30/l, diesel by P1/l
  • Enrile slams ICC, suggests probers’ arrest for interfering
  • Power snaps may hit rural areas
  • PBBM vows ‘all possible aid’ to Ranara family
  • SC nullifies SEC memo on CPAs, external audits

Advertisement

Latest News

Power snaps may hit rural areas

byAlena Mae S. Flores
January 31, 2023, 12:50 am
0
8
Napocor seeks higher charges

State-run National Power Corp. warned on Monday about year-long daily power interruptions affecting 1.3 million households in remote islands and...

Read more

PBBM vows ‘all possible aid’ to Ranara family

byVince Lopezand1 others
January 31, 2023, 12:30 am
0
8
PBBM vows ‘all possible aid’ to Ranara family

President Ferdinand Marcos Jr. on Monday vowed to extend all possible assistance to the family of Jullebee Ranara, the 35-year-old...

Read more

SC nullifies SEC memo on CPAs, external audits

byRey E. Requejo
January 31, 2023, 12:20 am
0
8
Omicron now dominant virus variant in US

The Supreme Court has nullified for being unconstitutional the memorandum circulars issued by the Securities and Exchange Commission that required...

Read more

Now things get ‘egg-citing’

byManila Standard
January 31, 2023, 12:15 am
0
8
Now things get ‘egg-citing’

First, we got reports on the unrestrained smuggling of food products like sugar, rice, onions, fish and meat—but no one...

Read more

Victory for press freedom

byTony La Viña
January 31, 2023, 12:10 am
0
8
Denying Villafuerte justice

"May the free press win in all these cases" Rappler Holdings Corporation and its president Maria Ressa have been acquitted...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App