RR No. 12-2020 — Amends Section 2 of RR No. 10-2020, as amended by RR No. 11-2020, relative to the extension of statutory deadlines and timelines for the filing and submission of any document and the payment of taxes pursuant to Section 4 (z) of RA No. 11469 (Bayanihan to Heal As One Act) (Published in Manila Bulletin on May 22, 2020)

BUREA( OF INTERNAL.REVENI E Republic of the Phuippines Department of t mance NIIAU OF TNTERNALREVENUE nnnTyN MAY 212J28 10:45 A.M T

C National Office Queron City RECORDS MGT. DIVISION VE Tue

May {4.2020

REVENUE REGLATIONS NO. 12- 2020

st i3jeeI: Amends Revenue Reguiations No. 10-2020, as amended by Revenur

Repulations Vo. H-2020. relative to the extension of statutory deadlines and timelines for the filing and suhmission of any document aud the. payment of taxes pursuant to Section 4 (7) of Republie Act No. 11469. otherwisc known as "Bayanihan to Heal As One Act"

TO: All Internat Revenue Officiais and Others Coneerned

SECTIOM L. Pt'RPOSE. - PersiRnt to Sectiou 4 (7) of Repuhlic Act No. H469. otherwse knnw n -i~ "Bau nih.tu to tient As One Act". deckaring the existence of a nationat emergent'y arismg (rom the (oronavirus Diseaae 2(}9) (((VH{}-{9). and in constderation of the revenue need of the goernment. tiese Regulations are herehy pomulgated to ameid certaun pro% ision> ot RR No. Ht-2020. as (mended hy RR No. 11-2020, particularly on the extension of deadbc- to subinit. tite and or pay the necessary doeuments and or taxes reeuired anter the Iax t'ode. as anended. as well as in the existing revenue regutations.

SECTION 2. AMFNDMENT TO SECTION 2. Secton 2 of RR No. t0-2020.ax amended bs Section 2 of RR No. H1-2020. is herehy further amended to read as follow s.

"T he follow"ng statutory deadlines for the submtasion and or fiing of the follow ing doeament> and'or returns. as well as the payment of the following taxes. are extended as folrws

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--t he evtensiou of due dates shall be niade applicabste throughout the Philippines. H! the new extended due dates fall ou a holiday or non-working day. then, the submtsston and or Trhng contemplated terein shalt he made on the next worktug day.

I urther. the term "uuaranane" used herein shall mean any announeement hy the Vatornat Gio ernment reaulung to hnuted operatrons and mobilty. including, hut not fimited to. tmgumt utaramene. enhanerd community qutrntine. and uodified ennmeed smmunty uuuramtiae."

SECTIOM3.REPEALOF SECT1ON 3.-Scction3 of RR No.10 2020.as amended hy

Seeuon 2 of RR No.H-2020 shatl remain in effect regardless of any extenston or Section 3 of RR N.11-2020.is hereby repealed.1he detined cxtended due dates under

modificaton of quarantine.

SECTIONA.FHLING OF TAX RETURNSAND PAYMENT OF TAXES DUE. Sinet

tile therr returns pa taxes on or before the deadlines proded therein. the extended deadlines pro ided in RR H1-2020 remain in effect.taxpayers are remmded o

Laxpaers are likew ise reminded that if they tile their tax returns within the original deadime or pnor to the cxtended deadhne.they ean amend their tax returns at any time on or hefore the exended due die.An amendmen that will result in addiuonal tax to be pand.can sull be pad wuthout the positon of corresponding penalties tsurcharge.mterest amd compromise penalues the same shall be done not tater than the extended deadline as proided under Nsting rules and re oulations.

A tapaver whose amended reiurns will result in overpayment of taxes pad.can npt to earry oer the ov erpad t as credi aganst the tax due for the same tax type in the suceeeding period' tax returns. asde from filing for claim for retund.

SECTIONE.REPEALING CLALSE. All existing rules and regolatons.Issuanees or parts thereof. whie: are ineonsistent with the provisions of these Regulations. are hereby tepealed. amended. or modified accordingly.

SECTION 6.SEPARABiLITY CLAtSE.f any clause.sentence.provision or section ot

not he affected ther hy. these Regulations shall he held invalid or uneonstitutional, the renaming parts thereof shall

SECIOMZ.EFFF(TIVITY.These Regulations shaltake etfect immediately

CARLOSG.DOMINGCEZH

laesanlwar Recommending Approval CAESAR R.DUAY BOREAUOF INTERNAL REVENUE DNNYTN MAY 21 2020 10:4S A.M Secretary of Fiuance MAY 0 2329

(mnissomr bernal ReTae 035063 RECORDS MGT.DIVISION UG