Government Offices + Services

1. What Government Offices will be open in the coming days and what services will they provide?

2. Will BIR adjust its deadlines? Babaguhin ba ng BIR ang mga deadlines?

  1. Income Tax

On 19 March 2020, the BIR issued Revenue Memorandum Circular (“RMC”) No. 28-2020, which extends the deadline for the filing of the Annual Income Tax Return (“AITR”) to 15 May 2020, without the imposition of penalties. RMC 28-2020, in effect amends RMC No. 25-2020, issued on 18 March 2020 with respect to the AITR filing deadline. (Revenue Memorandum Circular No. 28-2020 dated 18 March 2020)

Despite amendment, RMC No. 25-2020 still applies with respect to the following:

  1. Online payment option via GCash, PayMaya, Unionbank, DBP and Landbank.

  2. Taxpayers are allowed to submit attachments to their AITRs, as well as to amend their AITRs without imposition of penalties for deficiency taxes, until 15 June 2020. (Revenue Memorandum Circular No. 25-2020 dated 16 March 2020)

The 15 June 2020 deadline falls fifteen (15) days prior to the deadline imposed by the Securities and Exchange Commission for the filing of Annual Reports and Audited Financial Statements for the period ended 31 December 2019.

Noong ika-19 ng Marso 2020, naglabas ang BIR ng Revenue Memorandum Circular (“RMC”) No. 28-2020, kung saan pinalawig ng BIR ang deadline ng ng pagsusumite ng Annual Income Tax Return (AITR) sa ika-15 ng Mayo 2020.

Nananatili naman ang opsiyon na magbayad online gamit ang GCash, PayMaya, Unionbank, DBP, at Landbank sa RMC No. 25-2020. Pinahihintulutan pa rin ang mga taxpayers na magsumite ng attachments sa kanilang AITRs at baguhin ang kanilang AITRs nang walang parusa hanggang ika-15 ng Hunyo 2020.

Ang deadline na ika-15 ng Hunyo 2020 ay labinlimang (15) araw bago naman ang deadline ng Securities and Exchange Commission para sa pagsusumite ng Annual Reports and Audited Financial Statements para sa period na nagtapos noong ika-31 ng Disyembre 2019.

2. VAT, Percentage Tax, Withholding Tax and DST

Pursuant to RMC No. 29-2020, issued on 19 March, thus amending RMC No. 26-2020, issued on 17 March 2020, new due dates for the filing of various taxes were given. Please refer to the link.

Ayon sa RMC No. 29-2020, na inilabas noong 19 March 2020, na binabago ang RMC No. 26-2020, na inilabas noong 17 March 2020, may panibagong filing date para sa pagbabayad ng iba't ibang buwis. Paki tingnan yung link.

  1. VAT Refund Application

On 18 March 2020, the BIR likewise issued RMC No. 27-2020, extending the deadline for the filing of applications for VAT refund and 90 day processing period. Hence the filing of VAT refund application covering the quarter ending 31 March 2018 can still be accepted until 30 April 2020.

Noong ika-18 ng Marso 2020, inilabas rin ng BIR ang RMC No. 27-2020, na nagpapalawig ng deadline sa pag-sumite ng VAT Refund Application at ng tagal ng pagproseso nito. Dahil dito, ang VAT Refund Application para sa quarter na nagtatapos sa 31 Marso 2018 ay maari pa ring tanggapin ng BIR hanggang 30 April 2020.

(Revenue Memorandum Circular No. 25-2020 dated 16 March 2020)

3. How will the filing of AITR be done? Paano ang proseso ng pagsumite ng AITR?

To limit taxpayers’ exposure to persons who may be carriers or infected with the virus, taxpayers who are not mandated to use the electronic filing facilities of the BIR [e.g. Electronic Filing Payment System (EFPS), eBIRForm Facility] are encouraged to use them nonetheless.

The filing of tax returns manually can still be done by those who are not mandated to file and pay electronically, if the AITR to be filed has tax due and payable. If there is no tax to be paid, the same are expected to be filed through eBIRForm facilities.

Para malimitahan ang posibilidad na mahawaan ng Covid-19, maari ring gamitin ng lahat ng magbabayad ng buwis ang mga pasilidad ng BIR para sa electronic filing [gaya ng Electronic Filing Payment System (EFPS), eBIRForm Facility] , kahit na hindi sila kasama sa mga pinapagamit ng electronic filing ng BIR.

Para sa mga hindi regular na pinapagamit ng BIR electronic filing, mayroon pa rin silang opsiyon na mag-sumite ng tax returns sa kani-kanilang Revenue District Office kung mayroong buwis na kailangang bayaran. Kung walang kailangang bayaran, maaring mag-sumite na lamang sila ng returns sa pamamagitan ng electronic filing.

(Revenue Memorandum Circular No. 25-2020 dated 16 March 2020)

4. What are the mandatory disclosure requirements for companies? Ano ang mga mandatory disclosure requirements (mga ipinag-uutos na isiwalat) ng mga kumpanya?

Publicly listed companies are mandated to disclose pursuant to Section 17 of the Securities Regulation Code (using PSE EDGE not later than 12 noon of 16 March 2020), the following: risks and impact of COVID-19 on their business operation and all measures to mitigate the risks that it will undertake or has undertaken.

Ang mga publicly listed na kumpanya ay inaatasang isiwalat ang mga sumusunod, batay sa Section 17 ng Securities Regulation Code (gamit ang PSE EDGE bago dumating ang 12:00 ng tanghali sa ika-16 ng Marso 2020): mga panganib at epekto (risks and impact) ng COVID-19 sa kanilang operations; at mga hakbang na isinagawa o isasagawa pa lamang upang maibsan ang epekto ng mga panganib na ito.