Showing posts with label Cash payment with Bureau of Internal Revenue. Show all posts
Showing posts with label Cash payment with Bureau of Internal Revenue. Show all posts

Friday, May 22, 2020

Manner of Accepting Payment of Internal Revenue Taxes until June 14, 2020

The CIR has approved Revenue Memorandum Circular (RMC) No. 48-2020 dated May 22, 2020 related to the Manner of Accepting Payment of Internal Revenue Taxes until June 14, 2020.

It is stated in the Circular that will extend until June 14, 2020 the leniency in filing of returns and payment of taxes due as provided under RMC No. 43-2020 and to include payment of payment of Amnesty Tax. Hence, until June 14, 2020, concerned taxpayers may:

1. File the tax return and pay the internal revenue taxes at the nearest Authorized Agent Banks (AABs), notwithstanding RDO jurisdiction;

2. File the tax return and pay the corresponding tax due thereon to the concerned Revenue Collection Officers (RDOs) of the nearest Revenue District Office (RD), even in areas where there are AABs.

The Circular also mentioned, provided that payment of internal revenue taxes in cash should not exceed Twenty Thousand Pesos (P20,000.00), while those for check payment will have no limitation if the same is made with RDO in the district office until June 14, 2020. Provided further that all checks shall be made payable to Bureau of Internal Revenue (with or without "IFO Name and TIN of the taxpayer" written on the check as previously required) and that the name and branch of the receiving AAB may no longer be indicated therein.