BIR Finally Extends Tax Payment By One Month
After days of continuously reminding people to settle their tax obligations amid the COVID-19 crisis, the BIR has finally cut some slack on hardworking taxpayers affected by the Enhanced Community Quarantine.
Tax payments for 2019 can be filed up until May 15 without penalties. Due to the "enhanced community quarantine," the Bureau of Internal Revenue has extended the annual April 15 deadline by a month to give people more time to file the necessary documents.
With government agencies down to a skeleton workforce and movement restricted to keep the COVID-19 disease at bay, filing for tax payments are sure to be far more difficult than it usually already is. Despite this, the Department of Finance is urging taxpayers to file as early as possible to "support fight vs. COVID-19."
As a result of this emergency measure, there might be "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," according to a statement by the Department of Finance.
Those who have enrolled in the Electronic Filing and Payment System of the Bureau of Internal Revenue (BIR) can settle their payments at their respective Authorized Agent Banks. You can also file your Annual Income Tax Returns through the eBIRForms facility and pay through the following:
- Over-the-Counter payment through Authorized Agent Banks (AABs)
- Revenue Collection Offices (RCOs) in areas where there are no AABs
- Electronic/online payment through: Land Bank of the Philippines 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)
This story originally appeared on Spot.ph. Minor edits have been made by the Esquiremag.ph editors.