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No extension of income tax return filing deadline, BIR says

No extension of income tax return filing deadline, BIR says

There will be no extension of the deadline for the filing of annual income tax returns after already being moved due to the Holy Week holidays, the Bureau of Internal Revenue (BIR) reiterated Monday.

In a post on its social media account, the BIR said there will be no extension of the April 18, 2022 deadline for the filing and payment of taxes for 2021, but taxpayers are allowed to amend their returns until May 16, 2022 without penalties.

The agency said allowing taxpayers time to amend returns until next month is in a bid “to alleviate the difficulties in bearing the deadline on a holiday and considering the challenges encountered in the hybrid working arrangement adapted by most taxpayers.”

The deadline for the filing of returns was originally set April 15, but this fell on Good Friday, which was declared as a regular holiday by Malacañang.

Taxpayers can file and pay their corresponding taxes through authorized agent banks (AABs) and revenue collection officers (RCOs), which they can choose to do in cash or in check.

Checks should be made payable to the BIR, with or without the IFO name and TIN of the taxpayer written on the check as previously required. The name and the branch of the AAB also need not be indicated.

For those who choose to use the electronic filing and payment system (eFPS), they can do so through their chosen payment channels such such as GCash, PayMaya, and MyEG.

The BIR is mandated to assess and collect all national internal revenue taxes, fees, and charges, and enforce all forfeitures, penalties, and fines connected. This includes cases decided in its favor by the Court of Tax Appeals and ordinary courts.

The agency collected P2.086 trillion in 2021, 0.25% higher than the collection target and 6.94% higher than the P1.951 trillion collected in 2020. —KG, GMA News