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Philippines: BIR Extends Deadline Extends Deadline for Filing of Various Returns and Payment of Taxes Due

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In order to provide relief to taxpayers who will not be able to prepare, let alone file, various tax returns which are due this March 2020, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular No. 29-2020 (RMC 29-2020) on 19 March 2020.

Under RMC No. 29-2020, the deadline for the filing and payment of the tax returns shall be as follows:

BIR Forms / Returns Original Due Date Extended Due Date
Monthly VAT Declaration (2550-M) for non-eFPS filers for the month of February 2020 20 March 2020 20 April 2020
eFiling and ePayment of Monthly Remittance of Percentage Tax on Winnings and Prizes Withheld (1600WP) for the month of February 2020 20 March 2020 20 April 2020
eFiling of

  • 1601C
  • 0619E
  • 0619F

For the month of February 2020

For eFPS filers under Group E

 21 March 2020 21 April 2020
eFiling of

  • 1601C
  • 0619E
  • 0619F

For the month of February 2020

For eFPS filers under Group D

 22 March 2020 22 April 2020
eFiling of

  • 1601C
  • 0619E
  • 0619F

For the month of February 2020

For eFPS filers under Group C

 23 March 2020 23 April 2020
eFiling of

  • 1601C
  • 0619E
  • 0619F

For the month of February 2020

For eFPS filers under Group B

 24 March 2020 24 April 2020
eFiling of

  • 1601C
  • 0619E
  • 0619F

For the month of February 2020

For eFPS filers under Group A

 25 March 2020 25 April 2020
Filing and payment of Quarterly VAT Return (2550-Q) for the quarter ended 29 February 2020 for both eFPS and non-eFPS taxpayers 25 March 2020 27 April 2020
ePayment of 2550M for Groups E, D, C, and B for the month February 2020 30 March 2020 30 April 2020
Filing and Payment of Quarterly Income Tax Return for Non-Individuals (1702-Q) 31 March 2020 30 April 2020
Filing of Annual Information Return on Income taxes Withheld on Compensation and Final Withholding Taxes (1604-CF) 31 March 2020 30 April 2020
Submission of Certificate of Compensation Payment (2316) 31 March 2020 30 April 2020
Filing of Annual Information Return of Creditable Income Taxes Withheld (1504-E) 31 March 2020 30 April 2020
Filing and payment of DST (2000 and 2000-OT) for the month of March 2020 5 April 2020 5 May 2020
Filing and Payment 1600 and Monthly Alphalist of Payees (1606) 10 April 2020 11 May 2020
Filing and Payment of Withholding Tax Remittance Return (1600 and 1601-C) for March 2020 10 April 2020 11 May 2020
Filing and Payment of Excise Tax Return for Mineral Products (2200-M) for March 2020 10 April 2020 11 May 2020
Filing and payment of 1601-C for non-eFPS taxpayers for March 2020 10 April 2020 11 May 2020
Filing and payment of 1601-C for eFPS taxpayers under Group E for March 2020 11 April 2020 11 May 2020
Filing and payment of 1601-C for eFPS taxpayers under Group D for March 2020 12 April 2020 12 May 2020
Filing and payment of 1601-C for eFPS taxpayers under Group C for March 2020 13 April 2020 13 May 2020
Filing and payment of 1601-C for eFPS taxpayers under Group B for March 2020 14 April 2020 14 May 2020

 

For One Time Transactions (ONETT), if the date for its payment falls due within the Enhanced Quarantine Period, the period to file the return and pay the corresponding tax due thereon is extended for 30 calendar days from its due date.

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Author

Dennis Dimagiba heads Quisumbing Torres' Tax Practice Group. He advises multinational companies with Philippine operations on general tax planning, customs compliance and valuation issues, and represents clients in tax and customs controversies. He also advises private banks on wealth management and tax and legal issues pertaining to high net worth individuals. He has 35 years of experience in his field, and has been recognized as a leading individual in the area of tax by The Legal 500 Asia Pacific, International Tax Review and Chambers Asia Pacific. Under his leadership, Quisumbing Torres received the awards for National Tax Firm of the Year (2018-2019) and Tax Disputes Firm of the Year 2010 from the International Tax Review. Dennis is a certified public accountant. He has spoken on Philippine tax updates and wealth management issues in various conferences and presentations locally and abroad. He is a member of the Tax Management Association of the Philippines, where he also served as its president in 2012.

Author

Kristine Anne Mercado-Tamayo is a partner in Quisumbing Torres’ Tax Practice Group. She has 13 years of experience assisting clients on tax issues, involving corporate restructuring, mergers and acquisitions and other cross-border transactions. Kristine advocates on clients' behalf in controversies involving disputed tax assessments, representing clients before the Bureau of Internal Revenue. Kristine Anne obtained her Doctor of Law degree from the Ateneo de Manila in 2005. She is cited as a Next Generation Partner in Tax by the Legal 500 Asia Pacific for 2020. She has been recently appointed as Chairperson in Tax and Financial Services Committee of the European Chamber of Commerce of the Philippines.

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