DOF: April 15 deadline to pay tax stays | Inquirer News

DOF: April 15 deadline to pay tax stays

By: - Reporter / @bendeveraINQ
/ 04:40 AM March 16, 2020

MANILA, Philippines — The Bureau of Internal Revenue cannot postpone the tax-payment deadline next month even as the government is working on some relief for personal and corporate taxpayers amid the one-month community quarantine of Metro Manila, Finance Secretary Carlos Dominguez III said on Sunday.

“We can’t move it because the April 15 deadline is in the law,” Dominguez said.

The yearly deadline to file income tax returns was mandated under the Tax Code or the National Internal Revenue Code of 1997.

Article continues after this advertisement

But Dominguez said: “We can allow amendment of returns without payment of interest, subject to certain conditions like no variance of more than 25 percent.”

“This will be in line with the Securities and Exchange Commission’s extension of deadline of filing of audited financial statements of 60 days,” Dominguez added.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: BIR

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.