With the recent extension of enhanced community quarantine (ECQ), the Bureau of Internal Revenue (BIR) issued Revenue Regulation No. 10- 2020 (RR-10-2020) to further extending the deadline of annual Income Tax Return (ITR) filing for the calendar year ending December 31, 2019 to May 30, 2020. The attachments required to be submitted for the ITR are due later on June 15, 2020.

The BIR also extended the deadlines for filing other tax documents and pay taxes originally indicated in BIR Revenue Regulation No 7-2020. For a complete list of extended deadlines, you can refer to RR 10-2020 here.

Also read: Managing cash flows during a period of crisis

If the ECQ is further extended, the filing of returns, payment of taxes and submission of reports and attachments falling within the extended ECQ period will be extended for 30 calendar days from the lifting of ECQ.

Be sure to check if your business is required to file any tax return and/or document which has been affected by the above-mentioned extension of deadlines.

Also read: Taxumo launches #ATimeForHope campaign 

If yes, your business can take advantage of the additional time to prepare the requirements and not unnecessarily pressure yourself and your business during these challenging times.

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