CNN Philippines — Tax payments for 2019 will now be accepted without any penalties until May 15, the Department of Finance said yesterday.
The DOF said a newly-signed memorandum by Bureau of Internal Revenue Commissioner Caesar Dulay gives a one-month extension for the filing of income tax returns, heeding the appeal of lawmakers amid the Luzon-wide quarantine due to the novel coronavirus.
“This emergency measure is being offered to provide relief to Filipino taxpayers who will not be able to prepare, let alone file, the necessary ITR documents on or before the original annual deadline of April 15 because of skeletal workforce arrangements and enhanced community quarantine rules that the national government has implemented to contain the pandemic,” the DOF said in a statement.
However, the agency appealed to taxpayers ready to pay by April 15 — which is just a day after the one-month community quarantine is lifted — to settle their dues early.
The DOF said the extension would lead to a 145 billion shortfall in tax collections, which would mean fewer funds for government spending.
Employees, the self-employed, and companies usually flock to the BIR’s district offices leading up to the due date, even if payments are being accepted as early as January. Bureau officials earlier appealed to taxpayers to settle their accounts ahead of the deadline to avoid huge crowds, in keeping with the “social distancing” protocol amid the novel coronavirus pandemic. This involves staying about a meter away from other people to contain the spread of the disease.
The BIR said online tax payments will be accepted through their partner banks and financial firms.