News and Updates

Deadline of Filing of Annual ITR for Calendar Year 2020

NEW BIR ADVISORY

Deadline of Filing of Annual ITR for Calendar Year 2020 is still APRIL 15, 2021 However, you can amend you AITR on or before May 15, 2021. Please take note of the following:

a. If Amended AITR will result to additional payment, NO PENALTIES shall be imposed.

b. If Amended AITR will result to overpayment, taxpayer may opt ot carry over such overpayment in your quarterly income tax return for 2021 OR may be refunded.

c. Submission of the Required Attachments to the electronically filed AIRT must be within 15 days from the deadline of filing or date of electronic filing of returns, whichever comes LATER.

d. Attachments to the electronically filed amended returns made on or before May 15, 2021 shall likewise be submitted within 15 days from the date of filing of amended returns or not later than 15 days from May 15, 2021.

e. For manual filing of AITR, the required attachments should be submitted together with the AIRT. The same shall apply for submission of attachments for the manually filed amended AITR.