BIR no longer extending June 14 income tax payment deadline

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Metro Manila (CNN Philippines, May 22) – Income tax payments for 2019 must be settled by June 14, with the Bureau of Internal Revenue saying it will no longer extend the deadline even if lockdown restrictions are prolonged.

BIR Commissioner Caesar Dulay issued Revenue Regulations No. 12-2020, affirming that taxes for 2019 earnings will only be accepted without incurring penalties and interest until next month.

The original April 15 due date has been extended thrice since Luzon, the country's main business hub, has been placed under enhanced community quarantine starting mid-March. Strict stay-at-home rules have been eased for most parts of the country since May 15, but select areas like Metro Manila and Cebu City remain under close watch until May 31.

Dulay said in the new order that the June deadlines "shall remain in effect regardless of any extension or modification of quarantine." The issuance has also been signed by Finance Secretary Carlos Dominguez III.

The economic team has warned that funds are running low for further response measures, as they work with a limited budget realigned from the 2020 national spending plan. Taxes have also fallen by 21 percent, with the state collecting only ₱706.85 billion from January-April versus ₱900.33 billion raised a year ago. Apart from the delayed tax payments, most businesses have fewer duties to settle as they stopped or scaled down operations during the lockdown period.

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Some 49 other types of tax payments covering quarterly and monthly filings will likewise fall due. Among those covered are value-added tax collections and refunds, audited financial statements, excise taxes, and tax amnesty returns. Online payments are encouraged.