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BIR extends deadline for filing of 2019 annual Income Tax Returns to May 15

According to a Revenue Memorandum Circular (RMC) dated March 18 and signed by BIR Commissioner Caesar Dulay, this one-month extension for income tax filing and payments has been granted without the imposition of penalties to taxpayers.

The Bureau of Internal Revenue (BIR) extended the deadline for the filing of the 2019 annual Income Tax Returns (ITRs) by a month to May 15, 2020.

The bureau, however, appealed to those ready to file their ITRs on or before the original April 15 deadline to do so, in order to help the government’s effort to raise enough funds for the scaled-up national efforts to slow the spread of the novel coronavirus known as COVID-19.

As per Revenue Memorandum Circular (RMC) dated March 18 and signed by BIR Commissioner Caesar Dulay, this one-month extension for income tax filing and payments has been granted without the imposition of penalties to taxpayers.

This emergency measure eyes to provide relief to Filipino taxpayers who will not be able to prepare and file the 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 implemented to contain the Covid-19 pandemic.

BIR stated that an unintended result of the deadline extension is an estimated delay and shortfall in tax collections of around P145 billion, which may have to be covered by additional borrowings by the national government.

“The government is thus appealing to those who are able to file within the deadline or even as early as now to do so through mechanisms that have been made available by the BIR, including online filing and payment platforms. These tax payments are crucial for the government to fund extremely urgent social protection and emergency health measures meant to effectively combat COVID-19 as well as to sustain state investments needed to help Filipino families regain stable and reliable sources of income at the soonest possible time,” the bureau stated.

There are more than 100 days between the start of the year and the original tax filing deadline of April 15 to prepare tax filing materials.

In a previous revenue memorandum circular, the BIR announced that taxpayers who are enrolled in the Electronic Filing and Payment System (EFPS) may settle their tax liabilities with the respective Authorized Agent Banks (AABs) where they are enrolled, while the following payment options are available for those who shall file their AITR through the EBIRForm Facility:

1. Over-the-Counter (OTC) payment through AABs;

2. Revenue Collection Offices (RCOs) in areas where there are no AABs;

3. Electronic/online payment through:

  • Land Bank of the Philippines’ (LBP) Link.Ziz Portal (for taxpayers who have an ATM account with LBP, holders of Bancnet ATM/Debit/Prepaid Cards or taxpayers utilizing the PesoNet facility, such as depositors of RCBC and Robinsons Bank);
  • Development Bank of the Philippines’ (DBP) Pay Tax Online (for holders of Visa/Mastercard Credit Cards and/or Bancnet ATM/Debit Cards);
  • Union Bank Online Web and Mobile Phone Payment Facility (for taxpayers who have an account with Union Bank of the Philippines); and
  • Mobile Payment (GCash/Paymaya).
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