RMC No. 46-2021 — Clarifies the deadline of filing of Annual Income Tax Returns (AITR) for Taxable Year ending December 31, 2020; provides guidelines in the manner of filing thereof, including the use of electronic signature; and reiterates availability of eAFS Digest | Full Text
REPT]BLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE 0 6 APR 2s21 REYENTIE MEMORANDUM CIRCULAR NO. 4t - aprt SUBJECT Clarifying the Deadline for Filing of Annual Income Tax Returns TO (AITR) for Taxable Year Ending December 31,2020; Providing Guidelines in the Manner of Filing Thereof' Including the Use of Electronic Signature; and Reiterating Availability of eAFS All Internal Revenue Officials, Employees and Others Concerned This memorandum circular is being issued to address the query of a number of taxpayers and tax practitioners, citing news reports that the April 15,2021 deadline for filing AITR for taxable year ending December 31,2020 has been extended. For the guidance and information of all concerned, the deadline for filing said return and payment of taxes due thereon is not extended. Thus, the deadline remains to be on April 15,2021. To alleviate the hardships in beating the deadline being encountered during these challengrng times, tentative AITR may be filed on or before the set deadline. The retum may be amended on or before May 15, 2021 without imposition of increments. Provided that, a taxpayer whose amended returns will result in overpayment of taxes paid can opt to carry over the overpaid tax as credit against the tax due for the same tax type in the succeeding period or file for refund. Further, pursuant to Republic Act No. 8792 or the Electronic Commerce Act of 2000, all tax returns, attachments and documents identified above can be signed by the taxpayer or its authorized offieer or signatory fhrough ari leetforiie signatiife. Siieh 0leetronie Signature shall be deemed equivalent to an actual signature or "wet signature" for filing purposes. The availability of the eAFS Facility as an option in submitting hard copies of electronically filed AITR and its attachments, as circularizedinRMC 49-2020, as amended is hereby reiterated. All intemal revenue officials, employees, and others concemed are hereby enjoined to give this Circular as wide a publicity as possible. MNUE /ltr*^\l-1,- CAESAR R DULAY t commissio*, tf ffT,Z*irgrb. Eicbr,ii,* ir T. [)lv I s I (JN ^l
Want an analysis of this document?
Ask ASG Legal AI to summarize it, compare it with other rulings, or explain how it applies to your situation — it researches from this same library.