We can all use a little help in this trying times, and your easy reference we have compiled here all the recent issuance of BIR related to COVID-19.
| BIR Issuance | Date of Issuance | Description |
| RMC No. 36-2020 | 3-Apr-20 | The BIR recently issued RMC No. 36-2020 to provide further clarification on the exemption from Documentary Stamp Tax (DST) relief for qualified loans pursuant to RR No. 8-2020 dated April 1, 2020 and RMC No. 35-2020 dated April 2, 2020. Subject to the provisions of Section 199(d) of the Tax Code, as amended, there shall be no additional DST to be imposed under Sections 179, 195 and 198 of the same Code, on credit extensions and credit restructuring, micro-lending including those obtained from pawnshops and extensions thereof during the Enhanced Community Quarantine (ECQ) Period. The new loan principal shall not be subject to DST. The same tax treatment shall apply to all extensions of payment and/or maturity periods of all pre-existing loans, including but not limited to salary, personal, housing, and motor vehicle loans, falling due within the ECQ Period contemplated by Section 4(aa) of R.A. No. 11469, including the extension of maturity periods that may result from the grant of grace periods for these payments, whether or not such maturity periods originally fall due within the ECQ. The RMC provides for the guidelines on the above exemption. Likewise, provides for the reportorial requirements of the covered institution, which shall be submitted to the RDO/LTS/LTDO where the taxpayer is registered within sixty (60) days from the lifting of the ECQ. Lastly, the Circular also provides for the penalties on the non-submission of said reportorial requirements. |
| RMC No. 35-2020 | 2-Apr-20 | Exempts from Documentary Stamp Tax the relief for loans granted under RR No. 8-2020. All banks, quasi-banks, financing companies, lending institutions, and other financial institutions, public and private, including GSIS, SSS, Pag-ibig Fund, extending the grace period for the payment of all loans shall not impose additional DST imposed under Section 179, 195 and 198 of the NIRC, for credit extensions and credit restructuring, micro-lending including obtained from pawnshops and extensions thereof during the covered period. |
| RR No. 8-2020 | 1-Apr-20 | Rules and regulations Implementing Section 4(aa) of RA No. 11469, otherwise known as “Bayanihan to Heal as One Act”, covering all extensions of payment and/or maturity period of all loans, credit card payments, credit restructuring, and micro-lending and extensions thereof falling due within the period of the ECQ. RR No. 8-2020 provides a policy on the exemption from DST pursuant to relief for loans falling due within the ECQ period. |
| RMO No. 10-2020 | 30-Mar-20 | Prescribes the policies and guidelines relative to the ATRIG requirements of all goods imported under Section 4, Paragraph (o) of ” Bayanihan to Heal as One Act. Basically, the Order provides for the policies and guidelines on the relative to the exemption of ATRIG requirements on All the importations of health equipment and supplies deemed critical or needed to address the current public health emergency. Moreover, the exemption from ATRIG requirement shall only cover importations of health equipment and supplies under Section 4, paragraph (o) of RA 11469 which arrived and were cleared by the BOC during the three (3) months effectivity of RA 11469, unless extended or withdrawn by Congress or ended by Presidential Proclamation. |
| RR No. 7-2020 | 30-Mar-20 | Implements Section 4 (z) of RA No. 11469 (Bayanihan to Heal as One Act), particularly on the extension of statutory deadlines and timelines for the filing returns and submission of any documents and the payment of taxes. |
| RR No. 6-2020 | 30-Mar-20 | Implements the Tax Exemption provision of RA No. 11469 (Bayanihan to Heal as One Act). RR No. 6-2020 grants incentives, i.e., VAT, excise tax and other fees, for the manufactures or importation of critical or needed equipment or supplies intended, including personal protective equipment to combat COVID-19. |
| RMC No. 34-2020 | 30-Mar-20 | Suspends the running of the Statute of Limitations in the assessment and collection of taxes pursuant to Section 223 of the NIRC of 1997, as amended, due to the declaration of a National Emergency from the COVID-19 Situation. The running of the Statute of Limitations under Sections 203 and 222 of the NIRC of 1997, as amended, for a period starting on March 16, 2020 until lifting of the state of national emergency and for sixty (60) days thereafter. The suspension of statute of the running of the statute of limitations shall likewise apply with respect to the issuance and service of assessment notices, warrants and enforcement and/or collection of deficiency taxes. The Circular applies nationwide. |
| RMC No. 33-2020 | 24-Mar-20 | Extends Deadline on Availment of Tax Amnesty on Deliquencies Under Revenue Regulations (RR) No. 4-2019 as Amended by RR No. 5-2020. The deadline to avail the tax amnesty on delinquencies is extended from April 23, 2020 to May 23, 2020. |
| BIR Bank Bulletin No. 2020-03 | 23-Mar-20 | Implementation of Certain Policies in the Acceptance of AITR for CY2019 and Other Tax Returns Whose Due Dates Fall Within the Community Quarantine Period |
| RMC No. 30-2020 (clarified by RR No. 7-2020) | 23-Mar-20 | Amending Revenue Memorandum Circular (RMC) No. 29-2020 and Clarifications on RMC No. 28-2020 Relative to the Extension of Deadlines for the Filing of CY 2019 Income Tax Return and Other Various Returns and Payment of Taxes Due Thereon. The List of the tax returns/documents and date of filing therein were listed in RR No. 7-2020. RMC No. 30-2020, further states that if the ECQ period will be extended further, then the filing of returns and payment of the corresponding taxes due thereon, and submission of reports shall be extended by thirty (30) calendar days. Moreover, the Circular shall apply to the entire Luzon, including NCR, under ECQ and/or similar measures, and to other LGU which also adopted and implemented ECQ and/or other similar measures in their respective territorial jurisdictions. |
| RMC No. 31-2020 | 23-Mar-20 | Extending the Period of Submission or Filing Of Documents and Correspondences Pursuant to Certain Provisions in the Tax Code, as amended, and existing revenue regulations. RMC No. 31-2020 basically gives thirty (30) days extension from the lifting of the ECQ on the filing/submission in response to: Notice of Informal Conference (NIC),Preliminary Assessment Notice (PAN),Final Letter of Demand FLD)/ Final Assessment Notice (FAN),Submission of supporting documents to support the re-investigation of audit cases with FAN/FLD,Appeal/request for reconsideration to the Commissioner on the Final Decision on Disputed Assessment (FDDA),Other similar cases. |
| RMC No. 32-2020 | 23-Mar-20 | Extending the Deadline for the Filing of Certificate of Tax Treaty Relief (CORTT) Forms. The deadline for filing of CORTT Forms for final withholding taxes on dividends, interests, royalties paid on or before March 10, 2020 is extended until April 30, 2020 without the imposition of penalties. |
| RR No. 5-2020 | 23-Mar-20 | Amends RR No. 4-2019 relative to the availment period for the Tax Amnesty on Delinquencies. The RR No. 5-2020 basically said that the date for availment of tax amnesty on delinquencies may be extended if the circumstances warrant an extension such as in case of country-wide economic or health reason/s. |
| RMC No. 29-2020 (amended by RMC No. 30-2020) | 19-Mar-20 | The Circular is issued to amend Revenue Memorandum Circular No. 26-2020. The Circular amends the deadline for the filing and payment of various tax returns enumerated therein. |
| RMC No. 28-2020 (clarified by RMC No. 30-2020) | 18-Mar-20 | Filing of the 2019 Annual Income Tax Returns (AITR) and Submission of Required Attachments. RR No. 28-2020 extends the filing and payment of 2019 AITR is extended from April 15, 2020 to May 15, 2020 without imposition of penalty to taxpayer. |
| RMC No. 27-2020 | 17-Mar-20 | Extending the Deadline for the Filing of Applications for VAT refund and ninety (90) day processing period pursuant to Section 112 of the Tax Code of 1997, as amended by the R.A. No. 10963 (TRAIN Law). RMC No. 27-2020 extends the filing of VAT refund application covering the quarter ending March 31, 2018 can still be accepted until April 30, 2020. Likewise, the 90 day period of processing the VAT refund received from March 16 to April 14, 2020 is suspended and that the counting shall resume after the lifting of the community quarantine issued by the President. |