Tax Alert No. 48 [Revenue Memorandum Circular (RMC) No. 48-2020 dated 22 May 2020]

Manner of Accepting Payment of Internal Revenue Taxes until 14 June 2020

The Commissioner of Internal Revenue has issued RMC No. 48-2020 to extend the leniency in filing of returns and payment of taxes due as provided under RMC No. 43-2020 and to include payment of Amnesty Tax. This is in consideration of the extension of the Enhanced Community Quarantine period until 15 May 2020 and implementation of the Modified Enhanced Community Quarantine in some areas until 31 May 2020.

Until 14 June 2020, concerned taxpayer may:

1. File the tax return and pay the internal revenue taxes at the nearest Authorized Agent Banks (AABs), notwithstanding Revenue District Office (RDO) jurisdiction; and
2. File the tax return and pay the corresponding tax due thereon to the concerned Revenue Collection Officers (RCOs) of the nearest RDO, even in areas where there are AABs.
   

Cash payments of internal revenue taxes to RCOs should not exceed twenty thousand pesos (PHP20,000). On the other hand, check payments will have no limitation. All checks shall be made payable to the BIR (with or without “IFO Name and TIN of the taxpayer” written on the check as previously required) and the name and branch of the receiving AAB may no longer be indicated therein.

The 14 June 2020 deadline falls on a non-working day. Hence, the filing and/or payment shall be made on the next working day which is 15 June 2020.

You may access the full version of this issuance through the BIR website.