Published — June 1, 2022
The following post does not create a lawyer-client relationship between Alburo Alburo and Associates Law Offices (or any of its lawyers) and the reader. It is still best for you to engage the services of your own lawyer to address your legal concerns, if any.
Also, the matters contained in the following were written in accordance with the law, rules, and jurisprudence prevailing at the time of writing and posting, and do not include any future developments on the subject matter under discussion.
Because of the inaccessibility of payment facilities for taxpayers due to the extension of the Enhanced Community Quarantine (ECQ) period until May 15, 2020 and implementation of the Modified Enhanced Community Quarantine (MECQ) in some areas until May 31, 2020, the Bureau of Internal Revenue issued Revenue Memorandum Circular (RMC) 48-2020 on 22 May 2020 to extend the payment of taxes. The Circular provides an extension in filing of returns and payment of taxes and the payment of Amnesty Tax until June 14, 2020.
Accordingly, until June 14, 2020, concerned taxpayers may:
- File the tax return and pay the internal revenue taxes at the nearest Authorized Agent Banks (AABS), notwithstanding RDO jurisdiction;
- File the tax return and pay the corresponding tax due thereon to the concerned Revenue Collection Officers (RCOB) of the nearest Revenue District Office (RD), even in areas where there are AABS.
Taxpayers are also reminded that payment of internal revenue taxes in cash should not exceed Twenty Thousand Pesos (P20,000.00), while those for check payment will have no limitation if the same is made with RCO in the district office until June 14, 2020.
Further, all checks shall be made payable to Bureau of Internal Revenue (with or without “IFO Name and TIN of the taxpayer” written on the check as previously required) and that the name and branch of the receiving AAB may no longer be indicated therein.
Alburo Alburo and Associates Law Offices specializes in business law and labor law consulting. For inquiries, you may reach us at info@alburolaw.com, or dial us at (02)7745-4391/0917-5772207.
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