COVID-19 updates (SyCipLaw Bulletin # 3): Bureau of Internal Revenue (BIR) Extends Deadlines for the Payment of Various Taxes and Filings and Securities and Exchange Commission (SEC) Allows the Filing of General Information Sheets (GIS) via Email

April 30, 2020

The following updates, among others, were covered by SyCipLaw’s bulletin to its clients:

A. Bureau of Internal Revenue (BIR) extends deadline from April 15, 2020 to May 15, 2020 for the payment of various taxes and for the filing of annual income tax returns (AITR), value-added tax (VAT) refund applications and various other tax returns without the imposition of penalties.

B. Securities and Exchange Commission (SEC) also released SEC Memorandum Circular No. 9 Series of 2020 (Guidelines for the filing of the General Information Sheet (GIS) during the COVID-19 Outbreak and Enhanced Community Quarantine) dated March 18, 2020 which allows the filing of general Information Sheets via email.

The full text of the bulletin can be found at (https://mailchi.mp/a3ed63b13c6c/philippine-government-issuances-bir-sec-relating-to-the-covid-19-pandemic-as-of-march-19-2020?e=3d15019341)

The bulletin was prepared by SyCipLaw partners Carina C. Laforteza, Hiyasmin H. Lapitan, and Ronald Mark C. Lleno, with the assistance of senior associate, Austin Claude S. Alcantara and legal associate, Severino Miguel B. Sanchez.

Please go to syciplawresources.com to see our latest COVID-19 related bulletins and briefings, and for a list of Philippine government issuances covered by our bulletins and briefings.