Philippines: Finance Department announces tax relief measures due to COVID-19 pandemic

07 April, 2020

On 30 March 2020, the Department of Finance issued Revenue Regulations (RR) No. 7-2020 regarding tax relief measures amid COVID-19 pandemic. The key measures are given below:

The deadline to file the 2019 annual income tax returns for all individuals and corporations are to be extended from 15 April 2020 to 15 May 2020.
Any attachments to the income tax returns should likewise be filed on or before 15 May 2020.
The deadline to file certificates of residency for tax treaty relief is to be extended to 30 April 2020.
The deadline to file applications for tax amnesty on delinquencies is to be extended from 23 April 2020 to 23 May 2020.
The deadline to submit claims for value-added tax (VAT) refunds covering the quarter ending 31 March 2018 is to be extended to 30 April 2020.

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